Philips 2011 Annual Report Download - page 30
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4 Our planet, our partners, our people 4 - 4
30 Annual Report 2011
Partnering to drive change
In addition to our own sustainability activities, we also influence those of our supply chain
partners, both up- and down-stream from our activities. This helps ensure the broadest
possible impact for positive change.
In recognition of our efforts in the area of responsible
supply chain management, the Dutch Association of
Investors for Sustainable Development (VBDO) ranked
us first among 40 of the largest publicly-listed companies
in the Netherlands. Our scores have shown continual
improvement over the last five years, rising from 62% in
2006 to 93% in 2010, and the highest score ever of 95%
in 2011. In particular, VBDO praised the transparency and
openness of our sustainability programs related to our
supply chains, as well as our enhanced engagement in
helping our suppliers to improve their sustainability
performance.
Partnership organizations
Besides working with our supply chain partners, we are
an active member of several initiatives implementing
industry-wide sustainability programs.
For example, we are a member of the Electronic Industry
Citizenship Coalition (EICC), which promotes an industry
code of conduct to improve working and environmental
conditions within global supply chains. Today, the EICC
includes more than 50 global electronics companies and
their suppliers.
We are also one of the initiators of the IDH Electronics
Program, a multi-stakeholder initiative sponsored by the
Sustainable Trade Initiative (IDH) together with Dell,
Hewlett-Packard, and civil society organizations. This
program will work with over 100 electronics suppliers in
China to support innovative workforce management
practices, sustainability and better business performance.
The goal is to improve working conditions of more than
500,000 employees in the electronics sector.
The first phase of the program started in November 2011,
with four of our suppliers joining. Each supplier receives
support over a period of up to 24 months on the basis of