Philips Lighting (Euronext Amsterdam ticker: LIGHT), a global leader in lighting, today announced that its revenues from sustainable products, systems and services [1] in 2016 increased to 78% of total sales from 72% a year earlier. This represents an increase to EUR 5.5 billion in sales from EUR 5.3 billion in 2015 and underscores progress the company is making on its sustainability program ‘Brighter Lives, Better World’, which was introduced during Climate Week NYC 2016.
Philips Lighting aims to deliver 80% of its total revenues through sustainable products, systems and services by 2020.
Sustainability lies at the heart of Philips Lighting’s business. Through its dedicated program ‘Brighter Lives, Better World’, the company set very ambitious targets for sustainable revenues and operations. In 2016, Philips Lighting reduced its carbon footprint by 39% and was able to reduce its injury- and illness rate by 24%.
By 2016, Philips Lighting delivered 628 million LED lamps as part of a commitment to deliver 2 billion LED lamps by 2020, effectively avoiding more than 15,000 kilotonnes of CO2 being emitted to the atmosphere [2]. Philips Lighting was recognized in 2016 through Corporate Knight’s inaugural Clean 200 list, achieving 8th position in a ranking of the 200 biggest public companies based on clean energy revenues.
Philips Lighting also decreased the amount of waste materials delivered to landfill by 41% compared to 2015 and continued a sustainability drive across its portfolio – for example by investing 80% of its R&D spend in sustainable innovation. One result of this was the Dubai Lamp, the world’s most energy-efficient commercially available LED lamp, which Philips Lighting developed together with the Dubai Municipality. By replacing conventional lamps with the Dubai Lamp, electricity used for lighting can be reduced by up to 90%.
The Philips Lighting 2016 sustainability update is an integral part of the Philips Lighting 2016 Annual Report
