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Koninklijke Philips N.V.

Koninklijke Philips N.V.

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Publicatie datum 25 feb 2009 - 11:01
Statutaire naam Koninklijke Philips N.V.
Titel Philips increases sales of Green Products to 25% of total sales
Bericht February 25, 2009 PHILIPS INCREASES SALES OF GREEN PRODUCTS TO 25% OF TOTAL SALES • Philips on track to meet the ambitious targets set out in its EcoVision4 environmental program • Green Product sales increased from 20% to 25% of total sales in 2008 • Philips announces additional recycling initiatives in India, Brazil and Argentina Amsterdam, The Netherlands — Royal Philips Electronics (NYSE: PHG, AEX: PHI) confirmed today it is on track to deliver on the targets set out in EcoVision4 — the ambitious sustainability agenda Philips unveiled in 2007 focusing on improving the energy efficiency of its products and operations. The company reported that Green Products sales increased to around 25% of total sales in 2008, compared with 20% in 2007 . It is Philips’ target to derive 30% of total sales from Green Products by 2012, as laid out in Ecovision4. The company also put 91 new Green Products on the market, 72% more than in the previous year. In commenting, Rudy Provoost, Member of Philips' Board of Management and Chair of Philips’ Sustainability Board and CEO of Philips Lighting, said: “As a global health and well-being company, we have once again demonstrated that sustainability is our business opportunity, creating value for our company, improving people’s lives and contributing to a better environment. Sustainability is a powerful platform for innovation and growth and we are committed to continuously invest and explore future possibilities to improve the health and well-being of our planet and its people. ” To further strengthen its EcoVision drive, Philips announced additional recycling initiatives, based on the principle of individual producer responsibility. In India, Brazil and Argentina, Philips will set up cost-effective voluntary collection and recycling systems, working together with partners to develop a level-playing field on the principle of integrating environmental costs into product price. “These initiatives illustrate a strong commitment to p