SUSTAINABILITY in the world , but is now focused on health technology , having divested its other divisions . Its healthcare business makes up 42 % of its global sales revenue .
The company says it is actively minimising its environmental impact by optimising logistics , investing in renewable energy sources , and implementing innovative packaging solutions .
Through these efforts , Philips aims not only to reduce waste but also to “ create value for society and contribute to a healthier planet ”.
It also recognises the importance of circular procurement in transitioning towards a circular economy . Circular procurement involves making early choices in product creation to ensure materials and components are suitable for repair , refurbishment and re-use at end-of-life , thereby closing the materials loop .
This approach helps the development of circular products and services . Philips integrates recycled plastics into its products portfolio by collaborating with organisations focused on recycled materials .
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