Daily Archives: January 20, 2020

Philips marks new milestones to improve people’s health across the globe at WEF 2020

January 20, 2020

  • Philips’ products and solutions improved the lives of 1.64 billion globally in 2019 compared to 1.54 billion in 2018, and improved the lives of 194 million in underserved communities compared to 175 million in 2018
  • Global roll-out of Philips’ large medical systems take-back and remanufacturing program
  • Philips’ US and Netherlands operations 100% powered by renewable energy
  • Philips ranked on CDP Climate Change A-list for seventh year running and among the world’s top global companies for its commitment to action on climate change 

Amsterdam, the Netherlands and Davos, Switzerland Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced new milestones in its aim to make the world healthier and more sustainable through innovation. In collaboration with its partners, Philips aims to address pressing societal issues with a focus on the United Nation’s Sustainable Development Goals 3, 12 and 13 aimed at improving access to affordable care, the transition to a circular economy and actions on climate change. The company’s mission is to improve the lives of 3 billion people a year by 2030.

“Through innovation we can leverage the synergies between health and sustainability giving great opportunity to improve people’s lives,” said Frans van Houten, CEO of Royal Philips, in the run-up to Davos 2020. “Whether it’s empowering clinicians to improve patient outcomes or creating new business models and circular economy solutions to reduce healthcare’s carbon footprint, we know that achieving the scale necessary to make a global difference can only be done through inclusive stakeholder partnerships that create true end-to-end solutions.”

Recent milestones achieved by Philips in collaboration with its partners include:

SDG3: Ensure healthy lives and promote well-being for all at all ages
Half the world’s population still has no access to healthcare, while studies show that in many well-developed healthcare systems as much as 25% of health spending is wasteful. Philips is committed to co-creating high-quality affordable healthcare solutions in which resources are used in the most efficient and responsible way. In 2019, Philips’ products and solutions improved the lives of 1.64 billion globally, compared to 1.54 billion in 2018, and improved the lives of 194 million in underserved communities compared to 175 million in 2018.

Last Friday, Philips announced it has signed a new partnership agreement with the Republic of the Congo’s Ministry of Health & Population and the United Nations Population Fund (UNFPA) to reduce maternal and newborn mortality rates by 50 percent in the country’s health facilities over the next five years, especially in remote areas. The three partners will work together to implement a large-scale ‘Emergency obstetric and newborn care’ (EmONC) program that will reach more than 500,000 women and 70,000 newborns, improving access to high quality and affordable maternal, neonatal and child healthcare. The program benefitted from a high level meeting at WEF 2019 that galvanized the support for the initiative from a large group of stakeholders.

In the US, Philips partners with the US Department of Veterans Affairs (VA), The American Legion, and Veterans of Foreign Wars (VFW) to provide the equipment for virtual clinics within VFW and American Legion posts throughout the United States. The project allows US veterans to conduct virtual appointments with their VA providers without having to travel to a distant VA regional medical facility or outpatient clinic.

SDG 12: Ensure sustainable consumption and production patterns
Philips is on track to deliver on the circular economy commitment it made at the 2018 WEF Annual Meeting that by 2020 the company will take back and repurpose all the large medical systems that its customers are prepared to return to it. With reverse logistics in place, adding a return flow from all major markets, the global roll-out of Philips’ product take-back and remanufacturing program is currently underway. Philips has also expanded its parts recovery activities, allowing the company to re-use more components.

Through co-chairmanship of PACE (Platform for Accelerating the Circular Economy), Philips CEO Frans van Houten is supporting the circular economy, helping the industry to formulate change, spearheading implementation, and assembling a coalition of like-minded companies prepared to make circular economy pledges. Eight new PACE reports were launched in 2019. PACE activities currently run across China, Southeast Asia, Europe, Latin America and North America, and its Leadership Group grew from around 50 in 2018 to over 70 global leaders in 2019. Last week, PACE announced that four new members are joining its board. Inger Andersen, Executive Director of UN Environment Program, Lisa Jackson, VP Environment, Policy and Social Initiatives for Apple, Ellen MacArthur, Founder Ellen MacArthur Foundation and Stientje van Veldhoven, Minister for the Environment and Housing for the Government of the Netherlands.

SDG 13: Take urgent action to combat climate change and its impacts
Earlier today, Philips announced that it has once again been placed on the CDP Climate Change A List [1], making this the seventh consecutive year it has achieved a CDP A-list ranking for its leadership in corporate climate action. Philips has been recognized for its actions during the last reporting year to reduce emissions, mitigate climate risks and develop the low-carbon economy.

An example is last year’s successful opening of Windpark Krammer in the Netherlands enabling Philips to power 100% of its Netherlands operations with renewable energy, matching the 100% renewable energy target already achieved in the company’s US operations.

[1]  The Climate Change A List is published by CDP each year, alongside A Lists for leadership on protecting forests and water security. The full list of companies that made this year’s CDP Climate Change A List is available, along with other publicly available company scores, at https://www.cdp.net/en/companies/companies-scores.

For further information, please contact:

Joost Maltha
Philips Global Press Office
Tel.: +31 6 10 55 8116
E-mail: joost.maltha@philips.com

Ben Zwirs
Philips Global Press Office
Tel.: +31 6 15 2134 46
E-mail: ben.zwirs@philips.com

About Royal Philips
Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people’s health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips generated 2018 sales of EUR 18.1 billion and employs approximately 80,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

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Philips once again ranked among the world’s top global companies for its commitment to action on climate change

January 20, 2020

  • Philips on CDP Climate Change A-list for seventh year running
  • Philips recognized for its actions to reduce emissions, mitigate climate risks and develop the low-carbon economy

Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that it has once again been placed on the CDP Climate Change A List [1], making this the seventh consecutive year it has achieved a CDP A-list ranking for its leadership in corporate climate action.

CDP is a not-for-profit organization that runs a global disclosure system for investors, companies, cities, states and regions to help manage their environmental impact. The organization assesses a company’s environmental impact disclosure data against a scoring methodology that rates them on a scale of A to D, with A being the highest possible achievement. Based on its 2019 disclosure to CDP, Philips has been recognized for its actions during the last reporting year to reduce emissions, mitigate climate risks and develop the low-carbon economy.

“The results of the World Economic Forum’s latest Global Risks Report, that environmental threats rank in the top five risks for the coming decade, confirm the concerns we are all having about the devastating effects of climate change,” said Frans van Houten, CEO of Royal Philips. “That’s why Philips is constantly innovating, not only to deliver affordable outcome-focused health technology solutions that will help to achieve universal health coverage, but also to make sure we do it in a sustainable way that minimizes our carbon footprint and natural resource consumption.”

To achieve its vision of making the world healthier and more sustainable through innovation with the goal of improving the lives of 3 billion people a year by 2030, Philips focuses its activities on three key UN Sustainable Development Goals –  SDG3 health and wellbeing for all, SDG12 sustainable consumption and production, and SDG13 action on climate change. The company is committed to having 95% of its business revenues linked to these SDGs by the end of 2020.

Philips’ drive for affordable and effective healthcare delivery is based on a shift from volume-based care (payment per procedure) to value-based care (the best health outcomes for a given cost), using advanced digital technologies such as artificial intelligence and predictive analytics to improve diagnostic accuracy and treatment efficacy, enhance population health management, and maximize the efficient use of resources.

Its strategy for sustainability and action on climate change is embedded in its business model on both the procurement side – for example, through the purchase of green energy – and on the customer side through implementation of circular economy solutions. Philips is now powering 100% of its Netherlands operations with renewable energy, matching the 100% renewable energy target already achieved in the company’s US operations. The company is also on track to deliver on the circular economy commitment it made at the 2018 WEF Annual Meeting that by 2020 the company will take back and repurpose all the large medical systems that its customers are prepared to return to it. As witnessed by CEO Frans van Houten’s co-chairmanship of PACE (Platform for Accelerating the Circular Economy), the circular economy is central to Philips’ vision of making the world healthier and more sustainable through innovation.

“Congratulations to the companies that achieved a position on CDP’s A List this year, for leading in environmental performance and transparency,” said Paul Simpson, CEO of CDP. “The scale of the business risks from the climate emergency, deforestation and water insecurity are vast – as are the opportunities from addressing them – and it’s clear the private sector has a vital role to play at this critical time. The A List companies are leading the market in corporate sustainability, tackling environmental risks and setting themselves up to thrive in tomorrow’s economy.”

CDP’s scoring methodology assesses companies on the comprehensiveness of their disclosure, their awareness and management of environmental risks, and their demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets.

Information on Philips’ sustainability strategy and its ‘Healthy people, sustainable planet’ program can be found here.

[1]  The Climate Change A List is published by CDP each year, alongside A Lists for leadership on protecting forests and water security. The full list of companies that made this year’s CDP Climate Change A List is available, along with other publicly available company scores, at https://www.cdp.net/en/companies/companies-scores.

For further information, please contact:

Joost Maltha
Philips Global Press Office
Tel.: +31 6 10 55 8116
E-mail: joost.maltha@philips.com

Ben Zwirs
Philips Global Press Office
Tel.: +31 6 15 2134 46
E-mail: ben.zwirs@philips.com

About Royal Philips
Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people’s health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips generated 2018 sales of EUR 18.1 billion and employs approximately 80,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

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5G boost for Malaysia’s development aspirations – Mahathir

LANGKAWI, Malaysia can achieve the objective of being a developed country earlier than 2030 if it applies 5G technology properly for development, Tun Dr Mahathir Mohamad said today.

The prime minister said the vision can be attained by 2025 perhaps.

Malaysia can be better administered with 5G technology because it enables productivity increases as the people can make choices faster and more accurately, he told a press conference.

Kedah Menteri Besar Datuk Seri Mukhriz Tun Mahathir, Communications and Multimedia Minister Gobind Singh Deo and Malaysian Communications and Multimedia Commission (MCMC) chairman Al-Ishsal Ishak were also present at the event.

Dr Mahathir said: 5G is very comprehensive and gives the most amount of information to help you make decisions. Malaysia should be better administered with 5G because things can be done much more efficiently and done by people who are knowledgeable.

If you don’t have the knowledge, you can always access people with the knowledge.

So, my hope is that everybody learns how to make use of 5G; the environment is totally different, not like before.

Earlier Dr Mahathir visited the 5G Command Centre at the Langkawi Police headquarters here.

Elaborating, the prime minister said that, for example, with 5G applications, paramedics can get information from experts and they can eventually decide what to do.

At the same time, he said, if someone is going to the hospital, the hospital will be prepared to receive the patient because it already has the information in advance.

Dr Mahathir said it is the same case with agriculture, with government departments in terms of administration and also in the case of the police.

Certainly, you will find that what you are doing is actually known to the police. If you do something wrong, you will get into trouble, even parking in the wrong place.

Now, we expose ourselves to being known to the police and everybody else. Do be careful now that we have 5G in Langkawi. So, when you come to Langkawi, please behave yourself, he said to laughter from his audience.

Source: Prime Minister’s Office of Malaysia

PM Gets a Glimpse of More 5G Demo Projects

LANGKAWI, Tun Dr Mahathir Mohamad today continued his inspections of 5G demonstration projects here.

First up, the Prime Minister opened a 5G Command Centre (5GCC) located at the Langkawi Land and District Office.

Accompanied by Communications and Multimedia Minister Gobind Singh Deo, Dr Mahathir was given a briefing on the 5GCC by Telekom Malaysia Berhad (TM) chief strategy officer Tengku Muneer Tengku Muzani.

An integrated command centre which allows for real-time surveillance for large scale monitoring by local authorities to cater for various needs backed up by analytics, Artificial Intelligence, Internet of Things (IoT), the 5GCC is furnished with advanced security features to serve as a security monitoring centre through closed -circuit television (CCTV) cameras being installed at hotspots on the island.

Also present were Kedah Menteri Besar Datuk Seri Mukhriz Tun Mahathir and Malaysian Communications and Multimedia Commission (MCMC) chairman Al-Ishsal Ishak.

After the briefing which lasted almost an hour, Dr Mahathir next toured a 5G vertical user case involving education for rural students called e-Kelas by Maxis.

The demonstration project is on Virtual Reality (VR) Biology classes for a focused group of students at Pusat Internet Kg Padang Wahid in Langkawi.

The curriculum is brought to life, by letting students virtually explore for example, the DNA strand or hold the human heart in their hands.

Each lesson is accompanied with worksheets for students to complete.

The prime minister wound up the morning by visiting a Smart Agriculture 5G demonstration project run by TM since October last year at the Smart Agriculture Cluster on the island.

It provides real-time data to monitor temperature, PH and fertiliser concentration. It is an AI driven platform that allows predictive growth modelling and control, thus making farming possible anywhere.

The plants are grown in containers.

Yesterday, Dr Mahathir had inspected two 5G demonstration projects, both at the Sultanah Maliha Hospital here.

One is on remote medical consultation supported by U mobile and its telemedicine partner MedCom and the other on ambulance facilities which have been equipped with the fifth generation technology, backed by Digi,

Source: Prime Minister’s Office of Malaysia