Philips 2010 Annual Report Download - page 225

15 Sustainability statements 15.8 - 15.8
Annual Report 2010 225
profile
disclosure description cross-reference1)
Economic
Economic performance Disclosure on management approach on
economic aspects President’s message chapter 7, Risk management
EC1 Direct economic value generated and
distributed, including revenues, operating
costs, employee compensation, donations
and other community investments, retained
earnings, and payments to capital providers
and governments
Performance highlights
section 15.1, Economic indicators
EC2 Financial implications and other risks and
opportunities for the organization’s activities
due to climate change
section 4.1, Climate change
section 4.2, Our environmental footprint
chapter 15, Sustainability statements
EC3 Coverage of the organization’s defined-
benefit plan obligations note 28
EC4 Significant financial assistance received from
government Philips does not receive significant financial assistance from governments
EC6 Policy, practices, and proportion of spending
on locally-based suppliers at significant
locations of operation
chapter 15, Sustainability statements
section 15.1, Economic indicators
section 15.6, Supplier indicators
EC7 Procedures for local hiring and proportion of
senior management hired from the local
community at significant locations of
operation
section 4.5, Working at Philips
sub-section 5.1.12, Employment
sub-section 5.4.4, Social performance
section 15.5, Social indicators
EC8 Development and impact of infrastructure
investments and services provided primarily
for public benefit through commercial, in-
kind, or pro bono engagement
section 4.1, Climate change
section 4.2, Our environmental footprint
section 4.3, Partnerships for progress