Koninklijke Philips NV 2022 Annual Report with Sustainability Disclosures
Company: Koninklijke Philips NV
Sector: Professional & technical services
Country: Netherlands
Year: 2022
Type: Annual Report with Sustainability Disclosures
Pages: 300
The report presents Philips' challenging 2022, including EUR 17,827 million in group sales and a Respironics recall that drove major operational and quality actions. It reports 1.81 billion lives improved, 77,233 year-end employees, and 18.1% circular revenues. Philips achieved carbon neutrality in operations, with a 438 kilotonnes CO2-equivalent gross operational footprint offset to zero net, while scope 1, location-based scope 2, and scope 3 were 23, 167, and 413 kilotonnes respectively. The report also describes a preliminary double materiality assessment, SBTi-approved targets, and reasonable assurance over ESG information.
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