Sustainable Healthcare Commitments

Philips has demonstrated a strong commitment to sustainability through its comprehensive Environmental, Social, and Governance (ESG) framework. The company aims to maintain carbon neutrality and use 75% renewable energy in its operations by 2025. Philips also plans to reduce CO₂ emissions across its entire value chain in line with a 1.5 °C global warming scenario. Additionally, the company is focused on generating 25% of its revenue from products, services, and solutions that contribute to circularity, and it offers responsible take-back on all professional medical equipment. Philips is embedding circular practices at its sites and aims to achieve zero waste to landfill by 2025. The company is also committed to designing all new product introductions in line with its EcoDesign requirements by 2025.

Philips' commitment to sustainability extends beyond environmental initiatives. The company aims to improve the health and well-being of 2 billion people per year by 2025, including 300 million people in underserved communities. Philips strives to be the best place to work for its employees by providing opportunities for learning and development, embracing diversity and inclusion, and ensuring a safe and healthy work environment. The company also collaborates with suppliers to reduce the environmental footprint of its supply chain in line with a 1.5 °C global warming scenario. By engaging with stakeholders and other companies, Philips aims to drive sustainability efforts that address the United Nations Sustainable Development Goals.

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