Philips 2015 Annual Report Download - page 59

Sector performance 6.3.5
Annual Report 2015 59
Within the framework of the Green Operations 2015
program, Philips Lighting has reduced its carbon
footprint in manufacturing (scope 1 and 2 emissions) by
approximately 58% since the baseline year of 2007. In
2015, 85% of our total industrial waste was re-used as
a result of recycling. In December 2015, while speaking
at COP 21 in Paris, Eric Rondolat announced Philips’
commitment to making its operations carbon-neutral
by 2020, both for Royal Philips and for Philips Lighting.
6.3.6 2016 and beyond
In September 2014, Philips announced its plan to
sharpen its strategic focus by establishing two stand-
alone companies focused on the HealthTech and
Lighting opportunities respectively. We have
established a stand-alone structure for Philips Lighting
within the Philips Group, eective February 1, 2016. We
expect to be able to announce the separation of the
Lighting business in the rst half of 2016, subject to
market conditions and other relevant circumstances. As
previously stated, we are reviewing all strategic options
for Philips Lighting, including an initial public oering
and a private sale.
From an external nancial reporting perspective, it
should be noted that Royal Philips will introduce new
segment reporting, from Q1 2016 onwards. The Lighting
segment will represent the Philips Lighting businesses
and include the relevant allocation of the current
Innovation, Group & Services. For more details on the
new segment reporting in 2016 and onwards, please
refer to the introduction of Sector performance.
Further updates will be provided in the course of 2016.