Philips 2013 Annual Report Download - page 62
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4 Group performance 4.2.11 - 4.3.1
62 Annual Report 2013
In line with the US Dodd-Frank Act, we started
preparations for publishing a Philips Conflict Minerals
Report, including an audit of the Conflict Minerals
Report as required by the Act.
For more details and result of our supplier sustainability
program, please refer to sub-section 13.2.2, Supplier
indicators, of this Annual Report.
4.3 Environmental
performance
EcoVision
Philips has a long sustainability history stretching all the
way back to our founding fathers. In 1994 we launched
our first program and set sustainability targets for our
own operations. Next we launched our first EcoVision
program in 1998 which focused on operations and
products. We also started to focus on sustainability in
our supply chain in 2003. We extended our scope
further in 2010 by including the social dimension of
products and solutions, which is now reflected in our
renewed company vision stating that we strive to make
the world healthier and more sustainable through
innovation. Our goal is to improve the lives of 3 billion
people a year by 2025.
The main elements of the EcoVision program are:
• Improving people’s lives
• Green Product sales
• Green Innovation, including Circular Economy
• Green Operations
• Health & Safety
• Supplier Sustainability
In this environmental performance section an overview
is given of the most important environmental
parameters of the program. Improving people’s lives,
Health & Safety, and Supplier Sustainability are
addressed in the Social performance section. Details of
the EcoVision parameters can be found in the chapter
13, Sustainability statements, of this Annual Report.
4.3.1 Green Innovation
Green Innovation is the Research & Development
spend related to the development of new generations
of Green Products and Green Technologies. We
announced in 2010 our plan to invest a cumulative EUR
2 billion in Green Innovation during the coming 5 years.
In 2013 Philips invested some EUR 509 million in Green
Innovation, with the strongest contribution from
Lighting mainly stemming from investments in LED.