Philips 2010 Annual Report Download - page 50

4 Our planet, our partners, our people 4.4 - 4.4
50 Annual Report 2010
Helping to identify areas for
improvement
Our suppliers play a pivotal role in helping us achieve
our EcoVision5 objectives. We continue to support
them in their efforts to improve the overall sustainability
of their business.
As a leading health and well-being company taking an
integrated approach to sustainability, we are committed
to helping our suppliers achieve high standards that
benefit their employees, the environment and, where
possible, their profitability.
Supplier Sustainability and the road to Vision
2015
In October 2010 our Purchasing Leadership Board made a
strategic change to the Supplier Sustainability Involvement
Program – towards a more collaborative approach with
our strategic and preferred suppliers. This has resulted in
a more diversified approach on the reach and depth of a
joint supplier compliance program, as well as exploration
of areas of (joint) sustainable innovation. At the same
time, the Program remains firm on the need for suppliers
to show continued sustainable performance.
Going forward, coaching our suppliers will become an
increasingly important part of the Program, in order to
further increase its effectiveness. “Within the next five
years we want to have not only strengthened our
reputation as a leader in supplier sustainability, but also to
have engaged our global supply base to help us achieve our
EcoVision5 and other sustainability objectives as defined
in Vision 2015,” says Sonny Kwok, Head of Supplier
Sustainability.