Today, companies are not only complying with laws and regulations, but also creating
their own standards for sustainable development. And it’s not only corporations—
governments, institutions and individuals worldwide have begun to adapt a sense
of environmental awareness and sustainability.
What is sustainability?
Sustainability is defined as meeting the needs of the present generation without compromising the ability of future generations to meet their own needs. Sustainable development—which is considered the path to sustainability—is the simultaneous pursuit of economic prosperity, environmental quality and social equity.
Sustainability at Philips In 1891, we lit up the world. Since then, technology has been advancing, simplifying your life in ways never imagined. At Philips, we are committed to delivering products and solutions that are easy to experience, designed around you and advanced.
We believe simplicity can be a goal of technology. It’s certainly our goal at Philips. It just makes sense.
Sustainability also makes sense at Philips. Our company’s founders, Anton and Gerard Philips, saw no difference between business and sustainable business.You could say sustainability is in our DNA. It’s built into our heritage, our values and our commitment to improve the quality of people’s lives.
Philips Sustainability Policy
The Philips Sustainability Policy is a core element for the operations of the entire Philips organization. Sustainable development is a priority for the Board of Management, which has formulated guidelines of sustainable performance. This policy and resulting action programs are regularly reviewed and updated to meet stakeholder needs.
Dow Jones Sustainability Index
We are proud to have been selected—for the second consecutive year—as the top company in the Dow Jones Sustainability Index (DJSI) World in corporate sustainability in the Cyclical Goods & Services market sectors. This achievement is particularly rewarding and we will continue to work to improve our performance
We see sustainability as a serious business issue—one that offers opportunities for growth and innovation. It’s our way of doing business.
Social responsibility. We put people at the center, focusing on the needs of our customers and consumers, employees and the people in the communities we serve around the world.
Environmental responsibility. With a tradition of sound environmental policy, Philips is guided by the basic principle that prevention is better than cure. We work continuously to minimize the impact of products, processes and services.
Economic responsibility. We have long been integrating economic prosperity, environmental quality and social equity—balancing these sometimes-competing demands with a clear view on sustainable value creation.
In 1891, we lit up the world. Since then, technology has been advancing, simplifying your life in ways never imagined. At Philips, we are committed to delivering products and solutions that are easy to experience, designed around you and advanced.
We believe simplicity can be a goal of technology. It’s certainly our goal at Philips. It just makes sense.
