Furthermore, Philips will propose to the Annual General Meeting of
Shareholders to re-appoint Ms. Christine Poon,as members of the Supervisory
Board. Philips will also propose to amend the Long-Term Incentive Plan for its
executives.Today Royal Philips Electronics reported Green Product sales of EUR
11.3 billion in 2012, marking 45% of total sales and moving the company
significantly closer to its EcoVision sustainability performance targets of
2015.Healthcare drove the highest Green Product nominal sales growth with 36%
and expanded its Green Product portfolio with 16 new introductions to improve
patient outcomes and expand access to care, while reducing environmental
impact.
This achievement underscores Philips’ continued focus on driving
sustainability throughout the organization and aim to improve the health and
well-being of people through innovation. “We are proud to report that today
Philips improves the lives2 of every 4th person on earth and our ambition is to
grow this target to 3 billion a year by 2025 as part of our company’s vision”,
said Jim Andrew, Chairman of the Sustainability Board and Philips’ Chief
Strategy Innovation Officer. “We have also made huge progress in the
environmental impact of our operations and have reached our five-year carbon
reduction target of 25% this year. This was primarily accomplished through
energy saving programs in our major operational sites, green logistics, reduced
travel and increased use of renewable energy, which we will continue to
implement globally.”
In 2012 Philips invested EUR 569 million in Green Innovation, on track to
reach our target of EUR 2 billion by 2015. Lighting led the way by investing
over EUR 325 million in innovation towards furthering the LED revolution which
aims to substantially reduce carbon dioxide emissions by switching to
energy-efficient lighting.In Consumer Lifestyle we implemented our voluntary
commitment to phase out polyvinyl chloride (PVC) and brominated flame retardants
(BFR) from our products, and for the first time all our espresso coffee machines
launched during the year are free of these substances.Investments in Healthcare
support the increasing interest that we see in societies across the globe for
green hospitals and reduced environmental impact of healthcare. This commitment
was recognized by COCIR3 in choosing Philips Magnetic Resonance Imaging (MRI) as
the front runner in the industry for energy-efficient MRI with 22% lower average
energy consumption.
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