An Amsterdam business leader commits to a healthier world

International conglomerate Philips, which has its headquarters in Amsterdam, has announced a raft of new social, environmental and corporate governance commitments for 2025. The new strategy is aimed at creating an “integrated approach to doing business responsibly and sustainably”. 

Introducing the new measures, Philips said that it is aiming to source 75% of its total energy consumption from renewable sources by 2025. It will also expand its trade-in programme to include all of the professional medical equipment it produces while adopting circular practices and eliminating landfill waste. To offset emissions, Philips will invest in health-focused environmental projects, helping people access clean energy and safe drinking water while promoting forestation and biodiversity. 

In keeping with the new goals, Philips will also ensure all the products and services it introduces will abide by its EcoDesign requirements, which improve energy efficiency and sustainability. The company will also set targets based on scientific research as it works to reduce its carbon footprint.

In addition, the company is also positioned to achieve all the targets in its ‘Healthy People, Sustainable Planet’ programme. Ending later this year, the initiative will see green products accounting for 70% of sales while making Philips CO2 neutral. 

Amstel en gebouwen Omval Peter Elenbaas

Putting people first 

To enhance the wellbeing and health of two billion people around the world, Philips will partner with public and private organisations as well as its own foundation. Over the next several years, it will help expand healthcare access to roughly 300 million people and will use artificial intelligence to improve the lives of one million people working in its supply chain. It will also increase gender diversity and raise employee awareness of unconscious bias to make the company more inclusive. 

Additionally, Philips will prioritise transparency by publishing a supplemental financial report covering 2020 that will list its tax contributions in every country it operates in. 

Amsterdam is a hub for sustainability and wellbeing 

Philips is one of many companies in the Amsterdam Area, many of which prioritise sustainability and wellbeing. The city has committed to powering 80% of local homes with renewable energy by 2030 and has many eco-friendly buildings that create a healthier working environment for employees. 

Schiphol Amsterdam Airport, which offers connections to over 300 destinations around the globe, launched a new partnership with the Circular Plastics Alliance earlier this summer. Working together, they will create reusable shipping containers and pallets for the flower industry, eliminating waste and reducing the number of flights required to move goods. 

In 2021, the city will welcome Sapiens in the Zuidas business district, a new creative hub that’s aiming to inspire young academics and professionals to solve environmental and societal problems. These include projects that strengthen food systems, increase access to clean water and reduce poverty, among other goals.

Read more business news