Philips 2012 Annual Report Download - page 30
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4 Our planet, our partners, our people 4 - 4
30 Annual Report 2012
Encouraging positive change
In addition to our own sustainability activities, we also work to influence our suppliers and
their suppliers towards better sustainability practices. To that end, we are active in many
supply chain initiatives around the world.
Philips is 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. Working
with more than 100 electronics suppliers in China, this
program steers away from traditional auditing methods
and seeks to make a transformative impact by building and
up-scaling the capabilities of both workers and
management. By enhancing worker-management dialogue
and developing employees’ skills and careers, the program
seeks to reduce employee turnover, increase worker
satisfaction, boost energy efficiency, and improve overall
performance of supplier factories.
We are also 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.
Consistent recognition
In 2012, the Dutch Association of Investors for
Sustainable Development (VBDO) once again recognized
our efforts in responsible supply chain management.
VBDO ranked Philips the top performer among 40 of the
largest publicly-listed companies in the Netherlands. Our
scores have shown continual improvement over the last
six years, rising from 62% in 2006 to the highest score
ever of 96% in 2012.
A powerful recent example
The economy of the Democratic Republic of the Congo
(DRC) has collapsed due to decades of conflict. In an
attempt to prevent the country’s rich supply of minerals,
including tin, from being used to finance war, many
corporations around the world have desisted from buying
minerals from the DRC, creating a de facto embargo. To
overcome this problem and to promote cooperation and
economic growth in the region – beyond rebel control –