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Nearing a carbon-neutral milestone.

This Dutch multinational, which is increasingly focused on healthcare products, has been a leader for years in green financing and environmental reporting. Now, the company has been making strides in reducing its own energy use—it aims to be carbon-neutral in 2020, and relies on wind energy in both the U.S. and the Netherlands—and the energy use of its products, from more efficient MRI systems in hospitals to the batteries in rechargeable electric toothbrushes. Meanwhile, it has been a leader in the “circular economy,” pushing to cut its waste to zero by taking back large medical equipment, to reuse and refurbish components. 

Company Information

Country
Netherlands
Headquarters
Amsterdam
Impact Segment
Environmental Impact
Sector
Healthcare
Industry
Medical Products and Equipment
CEO
Frans van Houten
Websitehttp://www.philips.com
Company Type
Public
Ticker
PHG
Prior Year Rank-
Revenues ($M) (Last Fiscal Year)$21,386
Profits ($M) (Last Fiscal Year)$1,286
Market Value ($M) as of 8/12/19$41,551
Employees77,400

Refinitiv Sustainable Leadership Monitor

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