Philips Again Recognized for Its Commitment to Action on Climate Change

By AIT News Desk On Dec 8, 2020

Philips achieves CDP ‘A List’ rating for the eighth consecutive year for its action on climate change, with strong commitments and performance on cutting greenhouse gas emissions, mitigating climate risks and developing the low-carbon economy

Royal Philips, a global leader in health technology, announced that global not-for-profit charity CDP has once again recognized Philips for its corporate leadership on environmental performance and transparency. Recognized for its actions to cut emissions, mitigate climate risks and develop the low-carbon economy, Philips has secured a place on CDP’s prestigious ‘A List’ for tackling climate change for the eighth consecutive year.

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CDP is a global not-for-profit charity that ‘supports companies, cities, states and regions to measure and manage their risks and opportunities on climate change, water security and deforestation’[1]. Its annual environmental disclosure and scoring process is widely considered the gold standard of corporate environmental transparency. CDP’s scoring methodology assesses companies on the comprehensiveness of their disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets.

“As a purpose-led innovation company, we have made sustainability a cornerstone of how we innovate and how we do business,” said Frans van Houten, CEO of Royal Philips. “Thanks to the creativity, inspiration and determination of our 80,000+ employees, we are united in our ambition to deliver meaningful innovation to make the world healthier and more sustainable. I am proud that our commitment to action on climate change has once again been recognized with a place on CDP’s A-List.”