Doing business
responsibly and sustainably
“As a leading health technology company, our purpose is to improve people’s health and well-being through meaningful innovation, positively impacting 2 billion lives per year by 2025.
We aim to grow Philips responsibly and sustainably, and therefore continuously set ourselves challenging environmental and social targets, and live up to the highest standards of governance.
Acting responsibly towards the planet and society is part of our DNA. I am convinced that this is the best way for us to create superior, long-term value for Philips’ multiple stakeholders."
Frans van Houten,
CEO Philips
We strive to make the world healthier and more sustainable through innovation
*www.carbonbrief.org/healthcare-in-worlds-largest-economies-accounts-for-4-of-global-emissions
What does it take to realise sustainable healthcare? Did you know that the world's healthcare systems account for 4% of global CO2 emissions*? At Philips we are joining forces with our customers and suppliers, to reduce our environmental footprint and create a sustainable and more resilient healthcare industry. Watch this video and find out how we drive sustainable healthcare.
Circular Economy
** including non-manufacturing sites, such as large offices, warehouses and R&D facilities
Our ambitious circular economy objectives for 2025:
* either refurbished at Philips, or locally recycled in line with Philips policies
In a circular economy, products, parts and materials are kept at their highest utility and value at all times, circulating between customers. These productive loops maintain value while minimising waste and the extraction of finite resource reserves. For our business, we see the move from the linear model of ‘Take › make › dispose’ to a circular model of ‘Make › use › return’ in five returning loops: dematerialise/optimise, service, refurbish, parts recovery, recycle.
Our ESG approach
Our approach to the environmental and social dimensions is reflected in our commitment to the United Nations Sustainable Development Goals 3, 12 and 13:
As a purpose-driven company, we take a fully integrated approach to doing business responsibility and sustainably. Building on our proven track record in sustainability over the years, we have adopted a comprehensive set of key commitments across all the Environmental, Social and Corporate Governance (ESG) dimensions that guide the execution of our company strategy.
Philips Trade-Ins & Smart Path
Keep your equipment up-to-date with SmartPath Upgrades
The healthcare industry is under tremendous pressure to hold costs down while delivering exceptional patient care. As a result, there is a clear trend toward keeping and maintaining existing medical equipment. Discover our portfolio of upgrades and trade-ins that can extend the life of your equipment. Whether it’s image guided therapy, magnetic resonance, computed tomography, radiography, ultrasound, or advanced visualisation through IntelliSpace Portal, SmartPath can help keep your imaging systems up-to-date. SmartPath allows you to upgrade to the latest Philips technology in a practical, cost-effective way and maintain your long-term success. It’s comparable to buying new.
SmartPath enables you to…
Optimise
Enhance
Transform
Trade-in
SmartPath enables you to…
Optimise
Keep equipment up-to-date. Maintain high quality performance over the long term through regular and ongoing updates and improvements
Enhance
Add functionality. Enhance or expand your clinical capabilities and workflow efficiency and adopt new ways of working. Attract more patients and qualified staff and open doors to new service lines/revenue streams.
Transform
Extend lifetime of equipment. Transform your facility with next generation solutions that may reduce disruption, through an easy and economical upgrade path.
Trade-in
Trade-in outdated systems. Replace your current system with a new or refurbished system at attractive financial terms.
Remote Services & Connectivity
With our proactive remote monitoring services, we can preempt issues to prevent them from occurring, speed resolution when needed, increase system availability, and enhance performance for your critical healthcare assets.
Philips Remote Services provide you with the remote technical, clinical and educational services you need to maintain and improve peak operating performance for your equipment, support and train your staff, and deliver a great patient experience.
Keep your systems running smoothly with proactive actions and fast response from service experts
Drive efficiency with increased system uptime
Secure future success and take the lead with our innovative services
The Philips Maintenance Services provides reactive and proactive support, ensuring that remote service engineers can perform essential maintenance remotely. This makes it possible to prevent issues before they occur. We resolve 50.5% of customers’ cases remotely in the UK, supporting an overall first-time right ratio of 88.5%.* This also helps us to work towards our aim of reducing emissions as part of the UN. SDG 13: Take urgent action to combat climate change and its impacts.
*Numbers based on results achieved in Q1 2021.
Awards and recognition
Frans van Houten, CEO & Chairman, Royal Philips received the Fortune Award for Circular Economy Leadership.
Philips ranked #2 by scoring 82 out of 100 points overall in the Health Care Equipment & Services industry group.
Philips for the seventh consecutive year been placed on the Carbon Disclosure Project (CDP) Climate Change A List. Philips scored the CDP A rating for its engagement with suppliers on climate change.
Philips CEO Frans van Houten, as the co-chair of PACE (Platform for Accelerating the Circular Economy) at the World Economic Forum launched a pledge to take back and repurpose all the large medical systems that its customers are prepared to return to it.
Philips is the world’s first health technology company to have its CO2 targets approved by the Science Based Targets initiative.
Awards and recognition
