Royal Philips Electronics (PHG) reported Green Product sales of 11.3 billion euros in 2012, marking 45% of total sales and moving the company significantly closer to its EcoVision sustainability performance targets of 2015. Healthcare drove the highest Green Product nominal sales growth with 36% and expanded its Green Product portfolio with 16 new introductions to improve patient outcomes and expand access to care, while reducing environmental impact.
"We are proud to report that today Philips improves the lives2 of every 4th person on earth and our ambition is to grow this target to 3 billion a year by 2025 as part of our company's vision", said Jim Andrew, Chairman of the Sustainability Board and Philips' Chief Strategy & Innovation Officer.
In 2012 Philips invested 569 million euros in Green Innovation, on track to reach our target of 2 billion euros by 2015. Lighting led the way by investing over 325 million euros in innovation towards furthering the LED revolution which aims to substantially reduce carbon dioxide emissions by switching to energy-efficient lighting.
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