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European Climate Pact
empresa privadaKoninklijke Philips NV

Koninklijke Philips NV

Visión general

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.*

*Source (25.05.2022)

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