Philips’ cumulative investments in Green Innovation amounted to EUR 1 billion, surpassing its Green Innovation investment target two years ahead of schedule. As a result of the company’s continued commitment to sustainable innovation, 38% of total 2010 sales was generated by Philips Green Products, up from 31% in 2009.
"We consider sustainability to be a driver of growth and an integral part of the Philips DNA,” said Rudy Provoost, Chairman of Philips' Sustainability Board and CEO of Philips Lighting. "By doubling our investment in led high bay light Innovation by 2015, we re-confirm our ambition as a health and well-being company to deliver meaningful and sustainable solutions. This commitment also supports our Vision 2015 growth strategy, driven by global trends, such as the need for more sustainable and energy efficient products and solutions”.
The increase in green sales, as a percentage of total sales in 2010, was achieved primarily by the company’s continued focus on LED Linear high bay light across sectors, a process aimed at developing products with a significantly lower environmental impact throughout its lifecycle.
"We consider sustainability to be a driver of growth and an integral part of the Philips DNA,” said Rudy Provoost, Chairman of Philips' Sustainability Board and CEO of Philips Lighting. "By doubling our investment in led high bay light Innovation by 2015, we re-confirm our ambition as a health and well-being company to deliver meaningful and sustainable solutions. This commitment also supports our Vision 2015 growth strategy, driven by global trends, such as the need for more sustainable and energy efficient products and solutions”.
The increase in green sales, as a percentage of total sales in 2010, was achieved primarily by the company’s continued focus on LED Linear high bay light across sectors, a process aimed at developing products with a significantly lower environmental impact throughout its lifecycle.
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