To compensate our residual carbon emissions, Philips has forged a partnership with EcoAct, an internationally recognized group of experts founded in 2005, which supports Philips in meeting our carbon neutrality commitment.
Philips is financing several carbon emission reduction projects to gradually drive down our emissions to zero. We have selected projects in emerging regions that, as well as generating emission reductions, also drive social, economic and additional environmental benefits for the communities in which they are rolled out.
In 2017, we kicked off by compensating 220 metric kilotons of carbon emissions. In 2019, we increased this to 440 kilotonnes, equivalent to the annual uptake of approximately 13 million medium-sized oak trees. This covers the sum total of the direct emissions from our sites, all our business travel emissions, and all our ocean, road and parcel shipments within logistics.