Sustainability is central to our company strategy and purpose, which is why it is a key area of our 2017 annual report. In the report, we have measured our performance against our 2020 goals which we set out in our Brighter Lives, Better World program. Take a look at some highlights from our report or click on the link below to download the full report.
Since 2015 we’ve delivered 1.2 billion LED lamps and luminaires, effectively avoiding approximately 30,000 kilotonnes of CO2 being emitted. This is part of the company’s commitment to deliver 2 billion LED lamps and luminaires by 2020.
Carbon neutral operations
In 2017, CO2 reductions of 20% were achieved year-on-year, resulting in a net carbon footprint of 325 kilotonnes CO2. In 2017 we procured 80% of our electricity from renewable sources, an increase of 13 percentage points compared to 2016.
Zero waste to landfill
Waste to landfill decreased by 26% in 2017, totalling to 1,807 tonnes. Our percentage of waste that was recycled increased to 87%.
Safe and healthy workplace
The Total Recordable Case (TRC) rate decreased to 0.41 per 100 FTEs compared to 0.50 in 2016. We recorded 132 TRC cases, a year-on-year improvement of 19% versus the 162 cases in 2016
Sustainable supply chain
We achieved a supplier sustainability performance rate of 95% (2016: 92%).
Input
EUR 334 million R&D investments with 83% sustainable innovation
€2,321 million total equity
EUR 6,678 million total assets
Output
EUR 6,965 million sales
EUR 699 million adjusted EBITA
EUR 403 million free cashflow
We created EUR 587 million in value for society through total shareholder returns, tax and interest payments.
Input
4408 terajoules energy
(80% of electricity came from renewable sources)
1.3 million m3 water
EUR 2,956 million materials
Output
325 kilotonnes net CO2 emitted
43 kilotonnes waste, of which 87% recycled
568 million LED lamps & luminaires, avoiding 14,148 kilotonnes of CO2
We caused EUR 38 million in costs to society through our own environmental footprint. At the same time, we helped create EUR 1,415 million in value through CO2 avoided by our LED lamps & luminaires delivered in 2017.
Input
32,130 FTE in 78 countries
2,400+ training courses offered
EUR 12.2 million spent on training
112 supplier audits
EUR 3.1 million to Philips Lighting Foundation
Output
184,000+ training courses taken
95% supplier sustainability performance
15 projects delivered through the Philips Lighting foundation
0.41 total recordable case rate
We created EUR 1,143 million in value for society through employees’ salaries & wages and learning & development combined with the costs to society of injuries &
illnesses at work.