As a leading health technology company, Philips is committed to improving people’s health and healthcare outcomes, as well as making care more accessible, inclusive, connected, and sustainable. Their longstanding commitment to ESG/Sustainability is globally recognized.
Acting sustainably and responsibly safeguards Philips’ license to operate. Embedding sustainability and circularity in the way Philips do business and how Philips operates, is critical to ensuring the organizations long-term business relevance and impact.
Philips’ leadership is committed to ESG and driving sustainability across the healthcare value chain – procurement, operations, innovation, service delivery, supply chain, etc.
Philips has set ambitious 2025 ESG/Sustainability targets and has been delivering steady progress and results. For example: In 2023,
Philips’ health technology products, services and solutions improved 1.88 billion lives – of which 221 million in underserved communities (incl. Philips Foundation).
Philips has been carbon-neutral in its operations since 2020 (sites, travel, logistics)
Philips has sourced 100% renewable electricity for all sites since 2020
In 2022, Philips became the first health technology company with SBTi-approved carbon emission reduction targets for all Scopes (1, 2, 3), including the supply chain, in line with a 1.5 °C / 2.7 °F global warming scenario
The contribution from circular revenues increased to 20% of sales in 2023 (2022: 18%). The main driver of circular revenues was Circular Services in use-phase, where Philips helps their customers to optimize the use of their products to maximize their value.
91% operational waste recirculated and zero waste to landfill at all 23 manufacturing sites.
46% of all purchases from suppliers with science-based climate targets (by spend).
