Philips 2012 Annual Report Download - page 203

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14 Sustainability statements 14.7 - 14.7
Annual Report 2012 203
profile
disclosure description cross-reference1)
Economic
Economic performance Disclosure on management approach to
economic aspects
Message from the CEO
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 14.1, Economic indicators
EC2 Financial implications and other risks and
opportunities for the organization’s
activities due to climate change
chapter 14, Sustainability statements
EC3 Coverage of the organization’s defined-
benefit plan obligations
note 29, Pensions and other postretirement benefits
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 14, Sustainability statements
section 14.1, Economic indicators
section 14.5, Supplier indicators
EC7 Procedures for local hiring and proportion
of senior management hired from the local
community at significant locations of
operation
sub-section 5.2.4, Employment
section 5.2, Social performance
EC8 Development and impact of infrastructure
investments and services provided primarily
for public benefit through commercial, in-
kind or pro bono engagement
section 3.6, Enhancing urban life with light
section 4.1, The power to make a difference
sub-section 5.2.8, Social Investment Programs
EC9 Understanding and describing significant
indirect economic impacts, including the
extent of impacts
section 3.6, Enhancing urban life with light
section 4.1, The power to make a difference
sub-section 5.2.8, Social Investment Programs
section 14.1, Economic indicators