April 11, 2003—Philips’ recently established Sustainability Board presented their first sustainability report at the company’s Annual General Meeting of Shareholders in March. Royal Philips Electronics of the Netherlands, a global electronics company, says that it is the company’s ambition to be consistently recognized as the number one sustainable company in the electronics sector.
Philips’ future goals include such “tough targets” as reducing waste by 20% (mandatory) to 30% (recommended), water intake by 15-20% and energy consumption by 10-20%. The company will work to build on the achievements reached by 2001, and because purchased materials influence their performance, they plan to increasingly involve their suppliers in their environmental programs.
According to Philips, sustainability has always been an essential part of business for the company since it was founded over 110 years ago. Philips’ Sustainability Report aims to measure and report according to the triple bottom line, covering the performance in the fields of economic, social, and environmental responsibility. The report will help the company define areas for improvement and set clear goals for the years ahead.
For more information or to download the full report (PDF), EcoVision, or the Sustainability Policy (PDF), visit Philips.
