Nov 16, 2020
Philips continues its top ranking in the Dow Jones Sustainability Indices
Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that it has once again been named as a leading company for sustainability performance in the global 2020 Dow Jones Sustainability Indices (DJSI) list. Philips scored 81 out of 100 points in the DJSI Health Care Equipment & Services industry group, continuing its #2 ranking. Evaluated across the Governance & Economic, Environmental and Social dimensions of DJSI’s sustainability review, Philips received the maximum scores (100/100) in several categories, including the health outcome contribution, environmental reporting, climate strategy, and social reporting categories.
I am proud that we were able to further enhance our performance in many key dimensions, and we have a strong base for further improvement.
Frans van Houten
CEO of Royal Philips
“Our purpose is to improve the health and well-being of 2 billion people a year by 2025, as we aim to grow Philips responsibly and sustainably,” said Frans van Houten, CEO of Royal Philips. “We continuously challenge ourselves with ambitious environmental, social and governance targets. It is very rewarding that the efforts of our 81,000 employees and partners have once again been recognized by the prestigious Dow Jones Sustainable Index. I am proud that we were able to further enhance our performance in many key dimensions, and we have a strong base for further improvement.” Philips is set to achieve all of the targets of its ‘Healthy people, Sustainable planet’ 2016 - 2020 program. This includes becoming CO2-neutral in its operations and generating 70% of its sales from green products and services with 15% from circular economy solutions. Building on these achievements, Philips recently launched a new framework comprising a comprehensive set of key targets and commitments across all the Environmental, Social and Corporate Governance (ESG) dimensions. These include a commitment to improving the health and well-being of 2 billion people a year by 2025 through its innovations. Philips also commits to 100% EcoDesign, expanded renewable energy sourcing, and ensuring transparency regarding its tax contribution for all countries it operates in. Philips holds a top position in the Sustainalytics rankings, and recently took second place in the Wall Street Journal’s 100 Most Sustainably Managed Companies in the World. Earlier this year, Philips was awarded the IEEE Spectrum ‘Technology in the Service of Society’ award for its app-based Lumify point-of-care ultrasound solution as the technology having the greatest potential to provide the most overall benefit to humankind.
ESG panel discussion
To watch the ESG panel discussion during Philips’ recent Capital Markets Day, please click here. At this panel, Robert Metzke (head of Sustainability), Sophie Bechu (Chief Operations Officer), Marnix van Ginneken (Chief Legal Officer) and Brian Moynihan (Chairman & CEO of Bank of America), discuss the importance of integrating ESG commitments into the way Philips operates and does business.
About Royal Philips
Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people's health and well-being, and enabling better outcomes across the health continuum – from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips generated 2019 sales of EUR 19.5 billion and employs approximately 81,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.
