Economy

Circular economy | Philips

Read more at www.philips.com

 

We collaborate closely with our customers, (non-) governmental organizations, and other stakeholders, such as the Ellen MacArthur Foundation, to drive the adoption of circular thinking. Our CEO, Frans van Houten, co- chairs PACE, the Platform for Accelerating the Circular Economy.

At the 2018 World Economic Forum, Philips announced the commitment to take back and repurpose all large medical systems that our customers were prepared to return to us by 2020.

To drive this, we started the Capital Equipment Coalition, a group of like-minded organizations, including ASML, Cisco, Dell, KPN, Damen, Lely, Enel and Vanderlande, to develop and share best practices.

 

In 2020 we delivered on our pledge to ‘close the loop’ on our large medical systems. For 2025, we have extended it to all professional medical equipment.

Read more at www.philips.com

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