OREANDA-NEWS. Royal Philips (NYSE: PHG, AEX: PHI) today reported further progress in its sustainability performance in 2015 with Green Product revenue increasing to EUR 13 billion, now representing 54% of total revenue [1]. In 2015, Philips invested EUR 495 million in Green Innovation and reduced its carbon footprint by 7% compared to 2014.

“We again delivered on our sustainability commitments, driven by our EcoVision program, showcasing the success of our continued focus to deliver on our mission and vision to improve people’s lives with our meaningful innovations,” said Frans van Houten, CEO of Royal Philips. “We improved the lives of 2 billion people [2] around the world in 2015, and I am proud that we will continue with the next 5-year sustainability program that we will announce in the second quarter of 2016.”

Philips was recognized in 2015 as a world leader for corporate action on climate change, achieving a perfect score in the CDP Climate Change survey for the third year in a row, and being named Leader in the Industrial Conglomerates category in the Dow Jones Sustainability Index. At the 2015 Paris climate conference, Philips committed to making its operations carbon neutral by 2020.

In 2015, Philips increased the level of materials delivered for recycling to 83% of its total waste, up from 80% in 2014. The company also continued its sustainability drive across its portfolio. For example, Healthcare added an energy-efficient CryoCompressor to its MRI systems, with energy savings in various non-scanning modes of 30-40%. In Lighting, Los Angeles became the first city in the world to control its street lighting through an advanced Philips management system that uses mobile and cloud-based technologies, leading to significant energy efficiency benefits. In Consumer Lifestyle, continued green investments resulted in high Green Product sales in all business groups.