Annual Report 2010
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Our planet, our partners, our peopleClimate changeRecognizing that energy efficiency is one essential answer to climate change, we have made a serious commitment to develop, promote and market more energy-efficient solutions for people in all markets. We meet this challenge with our Green Products and Green Innovations and by inspiring individuals to make simple changes that can have profound results. We seek to facilitate new solutions to drive responsible energy practices, and have long focused on the energy efficiency of our products and production processes.
Our environmental footprintThe significant issues for our company – and our industry – in the environmental area continue to be energy efficiency, chemical content of products, and collection and recycling. We remain committed to giving our full attention to these challenges. To reduce our ecological footprint we are maintaining our focus on overall environmental performance improvement, driven by our EcoVision programs. Working with stakeholders, we aim to share expertise and co-create innovative solutions that will make a difference to future generations.
Partnerships for progressWorld leaders from rich and poor countries alike, representing all United Nations member states, have pledged to achieve the eight Millennium Development Goals (MDGs) by the year 2015 – to significantly reduce poverty, illiteracy, inequity, diseases and improve environmental quality in poor countries. Our experience has shown that developing these markets requires tailor-made solutions, a different approach to marketing and distribution, and multi-sector partnerships. Multi-stakeholder engagement is needed to improve working conditions in the supply chain – another important contribution towards the MDGs.
Supplier sustainabilityWe believe in engaging with our suppliers to encourage them to share our commitment to sustainability. This includes sound environmental and ethical standards as well as providing working conditions for their employees that reflect both the Philips General Business Principles and the Electronic Industry Citizenship Coalition (EICC) Code of Conduct. We continue to focus on the Philips Supplier Sustainability Involvement Program, closely collaborating with our supplier partners and relevant stakeholders to drive progress. It’s about improving conditions in the chain.
Working at PhilipsTo become an even more market-driven and people-centric company, we have been working to increase organizational effectiveness and simplify our structure. We believe it is important that employees are engaged – that they feel part of a team, know their ideas and suggestions count, trust their manager, and value diverse perspectives. It is crucial that everyone is given full opportunity to use their individual talents – and to grow with Philips, enabling them to secure their future.
Working in our communitiesWe at Philips have long been active in the communities where we live and work. Initiatives around the world bring “sense and simplicity” to people’s health and well-being in a number of local projects. SimplyHealthy@Schools is the global community program we have been rolling out, with strong employee engagement, to inspire and educate children to improve their health and well-being. By linking our social investment initiatives with the scope of our business, we make our core competencies available to simply make a difference in people’s lives.
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