SDG 12: Ensure sustainable consumption and production patterns
Philips is on track to deliver on the circular economy commitment it made at the 2018 WEF Annual Meeting that by 2020 the company will take back and repurpose all the large medical systems that its customers are prepared to return to it. With reverse logistics in place, adding a return flow from all major markets, the global roll-out of Philips’ product take-back and remanufacturing program is currently underway. Philips has also expanded its parts recovery activities, allowing the company to re-use more components.
Through co-chairmanship of PACE (Platform for Accelerating the Circular Economy), Philips CEO Frans van Houten is supporting the circular economy, helping the industry to formulate change, spearheading implementation, and assembling a coalition of like-minded companies prepared to make circular economy pledges. Eight new PACE reports were launched in 2019. PACE activities currently run across China, Southeast Asia, Europe, Latin America and North America, and its Leadership Group grew from around 50 in 2018 to over 70 global leaders in 2019. Last week, PACE announced that four new members are joining its board. Inger Andersen, Executive Director of UN Environment Program, Lisa Jackson, VP Environment, Policy and Social Initiatives for Apple, Ellen MacArthur, Founder Ellen MacArthur Foundation and Stientje van Veldhoven, Minister for the Environment and Housing for the Government of the Netherlands.