April 11

Philips Sustainability Agreement

Metzke points out that the World Health Organization has called the Paris climate agreement “the most important health agreement of the 21st century.” In 2006, we approved the Code of the Citizens of the Electronic Industry Coalition (EICC). Philips Supplier Sustainability Declaration has literally adopted the code, including an endorsement of the right of association/collective bargaining. All suppliers are required to sign the supplier`s sustainability statement, which is an integral part of our sales contracts, orders and terms of sale. Building on our company-wide sustainability strategy, our guidelines define Philips` position on issues critical to the sustainable performance of our supply chain. For a complete understanding of the different requirements, please download the corresponding guidelines. In the electronics industry, the trend continues in outsourcing manufacturing. Philips believes it is asking our suppliers to share our commitment to sustainability. These include sound environmental and ethical standards, as well as the provision of working conditions to their employees that reflect both Philips General Business Principles and the Electronic Industry Citizenship Coalition (EICC) Code of Conduct. It is about improving the conditions in the chain. We invite you to learn more about our new five-year sustainable development programme 2016-2020 in Amsterdam, Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, has taken a step closer to CO2-free development in its own operations in 2020, as U.S. and Dutch facilities are now powered by 100% renewable electricity.

This measure to reduce CO2 emissions contributed to a 10% reduction in Philips` operational carbon footprint compared to 2018, although the company recorded a comparable growth of 4.5% in sales. Another factor was the reduction in the use of air cargo. Philips` 2019 update for sustainable development is an integral part of Philips` 2019 management report. The health sector may not be a sector that comes to mind when it comes to combating CO2 emissions and bending the curve of our linear economy, but the intersection of climate change and health is a major concern for Robert Metzke, director of sustainable development at global health technology giant Philips. The consortium has developed a machine learning tool capable of predicting the sustainable performance of suppliers on the basis of a series of generic indicators. In addition, we are able to predict the improvements made by suppliers that are part of the SSP program during the year and thus specify the intensity of engagement to the individual needs of suppliers.

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