Commitment to Action

EcoVision

Commitment by

Philips Healthcare

In 2007, Philips' EcoVision 4 was developed with three clear targets to truly operationalize the company's commitment to sustainability and Philips' focus on efficient energy use. EcoVision will contribute to reducing greenhouse gasses and creating value for Phillips. By 2012 EcoVision 4 aims to have 30 percent of total revenues come from Green Products that show a significant improvement in environmental performance such as energy consumption. Philips will also further increase the energy efficiency of its operations by 25 percent and double investment in Green Innovations to over a billion U.S. dollars by 2012.
In February 2010, Philips reported that 31 percent of total 2009 sales stemmed from the sale of Green Products, three years ahead of schedule, and expects to reach the 50 percent mark by 2015. The company will reach its Green Innovation investment target of over a billion in 2010 and is well positioned to deliver on its 25 percent operational energy efficiency improvement commitment.

Share

Tabs

Overview
Summary

Commitment

EcoVision

Launched

2008

Est. Duration

5 Years

Estimated Total Value

$1,500,000,000

Region

Northern America

Countries

Global

Commitment by

Philips Healthcare