Royal Philips today announced that it achieved the status of Industry Group leader in the Capital Goods category of the 2016 Dow Jones Sustainability Index (DJSI). Philips’ overall score was 92 out of 100 points, which underlines Philips’ ongoing commitment to sustainability as an integral part of the company’s business practices. This is the fourth consecutive year that Philips has been included in the Industrial Conglomerates category, which aggregates into the Capital Goods industry group, and the first time that Philips has been named Industry Group Leader in this category [1].
In its annual evaluation, DJSI recognized Philips’ strong performance of its Green Operations program, notably the reduction of its carbon footprint by 40% from 2007 to 2015, the sales of its Green Products and the investments in its employees. The highest scores were obtained in the climate strategy, operational eco-efficiency and corporate citizenship and philanthropy (100 out of 100 points) categories. The complete DJSI Annual Review 2016 results for Philips are available on the DJSI website: please click on this link to view the results.
“We are pleased to have achieved the leadership position in our industry,” said Frans van Houten, CEO Royal Philips. “At Philips, we fully embrace sustainability, because of its benefits for society, and because we believe that it is one of the drivers for our growth. That’s why sustainability is an integral part of our company strategy. Our new program, Healthy people, sustainable planet [2], reflects our commitment to the universally agreed United Nation’s Sustainable Development Goals, especially those aimed at ensuring healthy lives and promoting well-being for all at all ages, and at encouraging sustainable consumption and production patterns.”
In 2015, Philips’ Green Product sales exceeded half of its total sales, surpassing the company’s EcoVision 2015 sustainability target. Philips also took concrete steps to further enhance green value creation through implementing the Circular Economy [3] principles in its businesses.
[1] In 2013, Philips was reclassified to Industrial Conglomerates category from the Personal and Household Goods category to reflect the portfolio changes at the time. In 2011 and 2012, Philips was Industry Group leader in the Personal and Household Goods category.
[2] Philips’ Healthy people, sustainable planet program comprises key performance indicators in the areas of improving people’s lives, Green and Circular revenues, Sustainable Operations, Health & Safety and Supplier Sustainability. Philips also aims to become carbon neutral in its operations by 2020. For more information on the Healthy people, sustainable planet program, please visit http://www.philips.com/a-w/about/sustainability.html.
[3] Circular economy is a driver for innovation in the areas of material, component and product reuse, as well as business models such as solutions and services. In a circular economy, the more effective use of materials enables to create more value, both by cost savings and by developing new markets or growing existing ones.