By Ian Walker
Koninklijke Philips N.V. (PHIA.AE) said Tuesday that green
product sales reached 11.8 billion euros ($16.19 billion) in 2013
and now represent 51% of overall sales, reaching its EcoVision
target two years ahead of schedule.
The Dutch medical and electronics firm said all sectors
contributed to the growth of sales of green--or environmentally
friendly--products. The healthcare division expanded its portfolio
with 13 new products that improve patient outcomes, provide more
value and expand access to care.
In 2013, Philips invested EUR509 million in green
innovation.
"These achievements are a testimonial of our long-standing
belief that sustainability is a key enabler of value creation and
offers substantial opportunities to innovate and grow, even in the
current challenging economic circumstances," said Jim Andrew,
chairman of the company's sustainability board and Philips' chief
strategy and innovation officer.
Philips' EcoVision program is focused mainly on healthcare and
environmental issues and comprises key performance indicators in
the areas of improving people's lives.
Write to Ian Walker at ian.walker@wsj.com
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