Corporate social responsibility
Corporate social
responsibility
Sustainability is the key to the success of our business. We believe it offers us the chance to use our skills, expertise and relationships to enhance the future for individuals, society at large and the environment we all live in.
To this end, we are committed to building trust through our policy of openness, accessibility, transparency and integrity.
Our products are the result of a process built on initiatives that confirmed and deepened our commitment to sustainable operations. Since our world is facing environmental challenges and as we seek to meet our customers’ demands, we as a company, will continue to invest in the best research and development to ensure our products meet the highest standards.
At the heart of our activities are our people. We are proud of them and we are committed to ensure they are treated fairly and can work in safe, healthy conditions – not just to meet rules and regulations, but because we believe that we are a better company when this happens.
Our products are the result of a process built on initiatives that confirmed and deepened our commitment to sustainable operations.
Sustainability Report 2022
Sustainable
development goals
The SDGs (Sustainable Development Goals) are seventeen goals and 169 targets to make the world a better place by 2030. As an international operating company, we are aware of the fact that we can contribute to these global challenges when we integrate the SDGs in our strategy and business model. The targets, the UN SDG indicators, are thereby a useful mechanism to define the contribution of our company in a more tangible way. It gives stakeholders also the opportunity to compare our efforts and results with peers.
CSR Partnerships
To exclude conflict minerals in the supply chain
we started our collaboration with Pact. Pact is a nonprofit international development organization founded in 1971 and works in nearly 40 countries to improve the lives of those who are challenged by poverty and marginalization. Pact’s Mines to Markets program, or M2M, uses an integrated, holistic approach to help resource-dependent communities improve their lives. They bring together government, industry and miners to
make artisanal and small-scale mining (ASM) formal, safer and more productive.
Tree-planting
programs
The tree-planting programs prioritize creating sustainable livelihoods – creating rich futures for children; creating leadership roles for women; creating rich local economies. Besides raising awareness, we are proud to share that with each purchase of one of our green displays, our customers automatically support the growth of the Philips monitors forest as we donate a portion of the profits. Of course, we also aim to raise our employees’ and customers’ awareness
and educate them on the consequences of CO2 emissions. We want to convince consumers to buy environmentally friendly products and encourage everyone to participate in our efforts to make technology more sustainable and make informed choices to reduce carbon emissions, plastic waste and energy consumption.
We aim to raise our employees’ and customers’ awareness and educate them on the consequences of CO2 emissions.
Conflict minerals
Conflict minerals are minerals mined in conditions where human rights abuses occur. The term typically refers to four minerals – tungsten, tantalum, tin and gold (3TG) – that are mined in the eastern region of the Democratic Republic of the Congo (DRC). These minerals are used in the production of various goods such as jewellery and virtually all electronic devices.
We are committed not to purchase raw materials, subassemblies or supplies which we know contain conflict minerals. We do not directly source minerals from mines in the DRC or other CAHRAs, and we are aware that the supply chain for these metals consists of many tiers, including mines, traders, exporters, smelters, refiners, alloy producers and component manufacturers, before reaching our direct suppliers. Cooperation amongst these different tiers in the supply chain is of great importance to stop the trade in conflict minerals.