Philips Jewellery Sustainability Commitments
2025
Improve 2 billion lives yearly
Philips said it aims to improve the lives of 2 billion people per year by 2025 through its health technology products and services. It also said it wants to include 400 million people in underserved communities in that total. This is a social impact target tied to access to care and health outcomes.
2025
Raise supplier science-based targets
Philips said it wants 50% of its purchases by spend to come from suppliers that have committed to science-based targets by 2025. Science-based targets are emissions goals that follow climate science rather than guesswork. The company said it had reached 46% in 2023, so this target is still in progress.
2025
Reach 95% waste circularity
Philips said it aims to reach 95% circularity in its waste stream by 2025. In simple terms, that means it wants most waste to be reused, recycled, or recovered instead of thrown away. The company reported 91% in 2023, so it was close but not yet at the target.
2028
Cut imaging carbon footprint
Philips said it is working with Portugal’s Champalimaud Foundation to halve the carbon footprint of diagnostic and interventional imaging by 2028. A carbon footprint is the total greenhouse gas pollution linked to an activity. This target focuses on making medical imaging less climate-intensive.
2030
Improve 2.5 billion lives
Philips said it aims to improve the lives of 2.5 billion people per year by 2030, including people in underserved communities. This is a longer-term social impact goal that builds on its earlier 2025 target and links the company’s business to access to care and well-being.
2025
Advance ESG commitments 2020-2025
Philips said its ESG commitments for 2020-2025 focus on expanding access to care, taking climate action, reversing biodiversity loss, and embedding circular economy principles and EcoDesign into innovation. EcoDesign means designing products to reduce environmental harm across their life cycle. The company presented these as active commitments for the 2020-2025 period.
