Koninklijke Philips NV 2017 Annual Report with Sustainability Disclosures
Company: Koninklijke Philips NV
Sector: Professional & technical services
Country: Netherlands
Year: 2017
Type: Annual Report with Sustainability Disclosures
Pages: 292
The report highlights Royal Philips' progress in 2017 as it transitioned into a focused health technology leader, delivering 4% comparable sales growth and improving its Adjusted EBITA margin by 110 basis points. Through its 'Healthy people, sustainable planet' program, the company improved the lives of 2.2 billion people and achieved 60% Green Revenues. Key achievements include reaching 79% renewable electricity usage globally, with US operations powered 100% by wind energy, and reducing its operational carbon footprint to 627 kilotonnes of CO2-equivalent. Additionally, Philips reinforced its image-guided therapy portfolio with the acquisition of Spectranetics and the global launch of the Azurion platform.
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