Overview
- Location
Netherlands
- Sector
Pharmaceuticals and biotechnology
- Organisation type
- Business
Company Information
Royal Philips is a publicly listed, leading health technology company focused on improving people's health and well-being, and enabling better outcomes across the health continuum. It is headquartered in Amsterdam,Netherlands. Royal Philips specialises in healthy living and prevention, to diagnosis, treatment and home care. In 2021, the company reported a total of 78,189 employees and a sales revenue of 17,2 billion euros.*
Our progress towards decarbonization
GHG Emissions
North Star
- Koninklijke Philips NV has a target to reduce absolute scopes 1 and 2 CO2e emissions 75% by 2025 from a base year of 2015
- Koninklijke Philips NV has a target to reduce absolute scopes 1 and 2 CO2e emissions 90% by 2040 from a base year of 2015
Pledge: Have an officially validated short-medium term science-based GHG emissions reduction targets aligned with a 1.5°C scenario (scope 1+2) in line with the SBTi Criteria and Recommendations
MRV: Pact MRV in place
Status date: Submitted (25/07/2022)
Data source: CDP Climate Change 2022
How we want to achieve this – our roadmap
- Have an internal price on carbon
- Have an initiative in place to drive GHG emissions reduction focusing on fugitive emissions reductions
- Have scope 1+2+3 GHG emissions verified through a third party verification or assurance process
MRV: Pact MRV in place
Status date: Submitted (25/07/2022)
Data source: CDP Climate Change 2022
Energy
Our actions – the Pathway
- Koninklijke Philips NV has a target to consume 75% of electricity from renewable sources by 2025 from a baseline of 53% renewable electricity consumption in 2015
MRV: Pact MRV in place
Status date: Submitted (25/07/2022)
Data source: CDP Climate Change 2022
Water
Our actions – the Pathway
- Have an internal price on water
- Koninklijke Philips NV has a target to reduce total water withdrawals by 2025 from a base year of 2019 starting in 2021
- Engage our suppliers to report on their water use, risks and/or management information
- Publicly disclose data on water-related impact to investors through a public platform
- Have board-level oversight of water issues
- Integrate water-related issues into the company's financial planning
- Integrate water-related issues into the company's long-term business objectives
- Integrate water-related issues into the company's strategy to achieve long-term business objectives
- Provide C-suite incentives for the management of water related issues
- Regularly monitor and measure key water security metrics at least for 75% of the company's facilities
MRV: Pact MRV in place
Status date: Submitted (25/07/2022)
Data source: CDP Water 2022
Governance & Strategy
North Star
- Koninklijke Philips NV have a publicly available 1.5°C aligned low-carbon transition plan
MRV: Pact MRV in place
Status date: Submitted (25/07/2022)
Data source: CDP Climate Change 2022
How we want to achieve this – our roadmap
- Publicly disclose climate and environmental data to investors and customers through a public platform
- Have board-level oversight of climate-related issues
- Have a process for identifying, assessing, and responding to climate-related risks and opportunities
- Have an employee engagement strategy to support and contribute to achieving the company's climate and environmental goals
MRV: Pact MRV in place
Status date: Submitted (25/07/2022)
Data source: CDP Climate Change 2022
Buildings
Our actions – the Pathway
- Have an initiative in place to drive GHG emissions reduction through energy efficiency in buildings
MRV: Pact MRV in place
Status date: Submitted (25/07/2022)
Data source: CDP Climate Change 2022
Value chain engagement
Our actions – the Pathway
- Have an ongoing and transparent dialogue with our value chain around climate-related issues
MRV: Pact MRV in place
Status date: Submitted (25/07/2022)
Data source: CDP Climate Change 2022