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Philips increases its Green defined products to 54% of total sales.

Green Products Philips (Bio-Based World News)The Dutch technology giant Phillips, has reported that what it labels Green Products – those which have to prove leadership in at least one Green Focal Area compared to industry standards now total 13 billion, represent 54% of total revenue. Philips products are categorized as green products when they are outperforming existing products, competitor products or surpass minimum legislative requirements by at least 10% in one or more of the six key Philips Green Focal Areas. The six key green focal areas identified by Philips are: Energy, Packaging, Substances, Weight & Materials, Circularity and Lifetime. These areas were developed through our EcoDesign process, introduced in 1994, which considers all aspects of product development and design. In 2015, Philips invested 495 million in Green Innovation and reduced its carbon footprint by 7% compared to 2014.

We again delivered on our sustainability commitments, driven by our EcoVision program, showcasing the success of our continued focus to deliver on our mission and vision to improve peoples lives with our meaningful innovations, said Frans van Houten, CEO of Royal Philips. We improved the lives of 2 billion people* around the world in 2015, and I am proud that we will continue with the next 5-year sustainability program that we will announce in the second quarter of 2016.

Philips was recognized in 2015 as a world leader for corporate action on climate change, achieving a perfect score in the CDP Climate Change survey for the third year in a row, and being named Leader in the Industrial Conglomerates category in the Dow Jones Sustainability Index. At the 2015 Paris climate conference, Philips committed to making its operations carbon neutral by 2020.

In 2015, Philips increased the level of materials delivered for recycling to 83% of its total waste, up from 80% in 2014. The company also continued its sustainability drive across its portfolio. For example, Healthcare added an energy-efficient CryoCompressor to its MRI systems, with energy savings in various non-scanning modes of 30-40%. In Lighting, Los Angeles became the first city in the world to control its street lighting through an advanced Philips management system that uses mobile and cloud-based technologies, leading to significant energy efficiency benefits. In Consumer Lifestyle, continued green investments resulted in high Green Product sales in all business groups.

*Editor – A word on these numbers from Philips… Market intelligence and statistical data are used for the number of people touched by our solutions that contribute to a healthy life or a sustainable planet. The average time these solutions are used is then multiplied by the number of solutions delivered in a year. After elimination of double counts, this results into the number of lives improved.To read more about work in this area from Philips, take a look at their2015 Annual Report.

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