Gap Score

Philips rises this year in part due to stronger sustainability performance, including greater transparency, by quantifying its reduction of hazardous materials used in products. The company increased its disclosure of transportation-related greenhouse gas emissions and business travel GHG emissions data, which weren’t disclosed in 2012. Philips also made solid progress in its EcoVision program, which launched in 2011 with a mission to help make the world healthier and more sustainable through innovation. Their goal is to improve the lives of 3 billion people a year by 2025, with first-phase sustainability performance targets for the end of 2015. This demonstrates Philips’ continued focus on driving sustainability throughout the organization, for which it achieved the distinction of “Supersector leader” in the personal and household goods category in the 2012-2013 Dow Jones Sustainability Index for the second consecutive year. Carbon emissions have decreased 25 percent since 2007 and the company projects sales of green products to reach the 2015 target of 50 percent. Green product sales this year grew to USD $14.9 billion, representing 45 percent of Philips’ total sales and up from 39 percent in 2011. They have invested more than USD $748 million in green innovation, dedicated to addressing global challenges related to care, materials, and energy efficiency, with the strongest contribution from the Lighting division. Philips has been recognized for creating a solution that dramatically reduces radiation in CT-scanning procedures without compromising image quality. The company also garnered best improvement in Patient Safety 2012 for Philips iDose.