Philips 2009 Annual Report Download - page 216

Key material issues
Reference1)
Health
- Rising healthcare costs section 1.2, Our strategic focus, of this Annual Report
section 2.1, Professional Healthcare, of this Annual Report
section 2.2, Home Healthcare, of this Annual Report
- Chronic diseases in developed and developing world section 2.2, Home Healthcare, of this Annual Report
section 3.3, Partnerships for progress, of this Annual Report
- Lack of access to affordable healthcare section 2.2, Home Healthcare, of this Annual Report
- Employee health and safety section 2.3, Healthy Life & Personal Care, of this Annual Report
section 6.5, Operational risks, of this Annual Report
1) The sections referred to are not included in the scope of the assurance engagement.
Reference1)
Business
- Demand and credit crisis section 6.4, Strategic risks, of this Annual Report
- Off-shoring and outsourcing section 6.5, Operational risks, of this Annual Report
- Business integrity section 6.6, Compliance risks, of this Annual Report
1) The sections referred to are not included in the scope of the assurance engagement.
Reference1)
Societal
- Aging population in developed world section 2.2, Home Healthcare, of this Annual Report
- Rising attention for human rights section 6.5, Operational risks, of this Annual Report
- Growing middle class in new and emerging markets section 1.2, Our strategic focus, of this Annual Report
- Privacy section 6.6, Compliance risks, of this Annual Report
1) The sections referred to are not included in the scope of the assurance engagement.
Reference1)
Environmental
- Climate change section 3.1, Climate change, of this Annual Report
- Energy management section 2.6, Professional Lighting, of this Annual Report
section 2.5, Home Lighting, of this Annual Report
section 3.2, Our environmental footprint, of this Annual Report
- Clean technologies section 3.2, Our environmental footprint, of this Annual Report
section 3.3, Partnerships for progress, of this Annual Report
- Collection and recycling section 3.2, Our environmental footprint, of this Annual Report
section 6.5, Operational risks, of this Annual Report
- Limited natural resources section 6.5, Operational risks, of this Annual Report
1) The sections referred to are not included in the scope of the assurance engagement.
Based on this, we develop our strategy and vision, as well as programs
and policies to focus and drive the implementation of our strategy.
Sustainability programs and targets
All of our programs are guided by the Philips General Business
Principles, which provide the fundamental principles for all of our
business decisions and actions.
With our longstanding commitment to reducing the environmental
impact of our products and processes, we have been establishing four-
year action programs with measurable targets since 1994. In 2009, we
ran two programs – EcoVision III, which covers the years 2006-2009,
and EcoVision4, which runs through 2012.
EcoVision III is focused primarily on reducing the environmental
footprint of our manufacturing processes spanning a broad range of
parameters (details on the program can be found at www.philips.com/
sustainability). After EcoVision III was launched in 2005, Philips divested
its Semiconductors sector the following year, thereby significantly
reducing the overall environmental impact of most of the program’s
parameters. Outside the company, the issue of energy efficiency
emerged strongly at the global level. These factors led us to develop the
complementary EcoVision4 program.
Launched in September 2007, this latest EcoVision program focuses on
reducing the energy consumption of our products and facilities. With
EcoVision4 we have committed to realize the following by 2012:
• generate 30% of total revenues from Green Products
• double investment in Green Innovations to a cumulative EUR 1
billion
• improve our operational energy efficiency by 25% and reduce CO²
emissions by 25%, all compared with the base year 2007.
We report on the results of both programs versus targets and will
continue to do so until each concludes. As we want to remain focused
on reducing the environmental footprint of our manufacturing
processes, we will evaluate new targets as part of our Chemicals
Management program introduction later in 2010.
13 Sustainability performance 13.1 - 13.1
216 Philips Annual Report 2009