posted by Danny DeMichele 1 year ago

I was floored when I heard that of Phillips total sales for 2008, 25% were eco-friendly. That is amazing.

"

Royal Philips Electronics 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.

Rudy Provoost, Member of Philips' Board of Management and Chair of Philips' Sustainability Board and CEO of Philips Lighting.

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, Argentina and China, 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 product
stewardship, going beyond integrating sustainability into all our
business processes and contributing to Philips's sustainability
business drive by offering cost reduction opportunities whilst
safeguarding the planet,' added Rudy Provoost."