Philips sustainability program aims to achieve 70% turnover from green revenues and 15% from circular revenues

Dubai, UAE, July 5, 2016:  Royal Philips (NYSE: PHG, AEX: PHIA) today announced the launch of its new 5-year sustainability program, ‘Healthy people, sustainable planet', during a webinar hosted by the company's CEO Frans van Houten. This new program builds on Philips' objective to improve the lives of three billion people a year in 2025 [1] by making the world healthier and more sustainable through innovation. The program objectives are based on three pillars: creating value for Philips' customers through sustainable solutions, leading by example in its sustainable operations, and multiplying its impact by driving sustainability through its supply chain. 

The program builds on the success of EcoVision, Philips' sustainability approach that spanned the years 1994 to 2015. In 2015, Philips was recognized as a world leader for corporate action on climate change, achieving a perfect score in the CDP Climate Change survey for the third year in a row, and being named industry leader in the ‘Industrial Conglomerates' category in the Dow Jones Sustainability Index.

Important targets set in the new program for 2020 include:

• 70% of turnover from green revenues and 15% from circular revenues 
• Carbon-neutral operations, 100% renewable electricity
• Enhanced supplier sustainability to deliver structural improvements

“I am extremely proud to share the ‘Healthy people, sustainable planet' program,” said Frans van Houten. “At Philips, we fully embrace sustainability, because of its benefits for society, and because we believe that it is a driver for economic growth. That's why sustainability is an integral part of our company strategy. Our new program reflects our commitment to the universally agreed United Nation's Sustainable Development Goals, especially those to ensure healthy lives and promote well-being for all at all ages, and to ensure sustainable consumption and production patterns. We have set ambitious targets for our innovations, products, solutions, operations and the business partners we work with, to meet those objectives.”