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Koninklijke Philips N.V.

Koninklijke Philips N.V.

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Publicatie datum 06 mrt 2006 - 09:04
Statutaire naam Koninklijke Philips N.V.
Titel Turnover of Philips' Green Flagship products doubles to 2 billion Euros
Bericht March 6, 2006 TURNOVER OF PHILIPS' GREEN FLAGSHIP PRODUCTS DOUBLES TO 2 BILLION EUROS Philips launches 2005 Sustainability Report, showing major achievements and creating value in sustainability Amsterdam, The Netherlands - In its annual sustainability report published today, Royal Philips Electronics (NYSE:PHG, AEX:PHI) shows positive results from its focus on key global environmental challenges and innovations for emerging markets. Chief among these were the launch of 50 new 'Green Flagships' products, bringing the total to more than 160. These products have a significantly reduced environmental impact. In addition, New Sustainable Business Initiative pilots were successfully completed and new ones started, aiming to create both social and economic return on investment. Barbara Kux, Chief Procurement Officer Philips, member of the GMC and Chair of the Sustainability Board: "Philips is dedicated to embedding sustainability throughout our organization. The doubling of our Green Flagship products' turnover in 2005, from 1 billion Euros in 2004 to 2 billion in 2005, is a major achievement and sets new goals for sustainable value creation and growth." Green Flagship products Green Flagship products provide concrete examples of how Philips improves the quality of life and tackles the issues - such as global warming - that resonate with consumers worldwide. Green Flagship products must be proven to offer substantial better environmental performance than their predecessors or closest commercial competitors on energy consumption, packaging, hazardous substances, weight, recycling & disposal and lifetime reliability. These products now account for a turnover of 2 billion Euros, double that of 2004. Among 2005’s additions are: new digital radiography systems which cut energy consumption by 41%, Flat TVs which use 39 % less energy and contain no hazardous substances; and an internal active antenna for portable TVs which uses 40% less energy and offers 85% lower produc