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Philips Ranked 7th Worldwide on Corporate Knights 2013 'Global 100 Most Sustainable Corporations in the World' List



Philips Ranked 7th Worldwide on Corporate Knights 2013 'Global 100 Most
Sustainable Corporations in the World' List

ANDOVER, Mass., Jan. 24, 2013 (GLOBE NEWSWIRE) -- Corporate Knights, the
Toronto-based media and investment research company, announced its Global 100
list of the world's most sustainable corporations at the World Economic Forum
in Davos, Switzerland. Philips was ranked 7th overall and with its U.S.
headquarters in Andover, is the top-rated Massachusetts company on the world's
most credible corporate sustainability ranking1.

Philips' continued investments in innovation, efficiency and transparency
within the supply chain and focus on positive customer experiences
consistently place sustainability at the core of the company's business
practices. Under the program name EcoVision, Philips focuses on three
sustainability targets for 2015 in the areas of care, energy efficiency and
recycling. This approach, combined with performance in energy, carbon and
water productivity, increased Philips' ranking by six positions, up from 13th
in 2012.

"Securing this ranking illustrates our ongoing achievements and leadership in
sustainability," said Greg Sebasky, chairman, Philips North America. "We aim
to to improve the lives of 3 billion people per year by 2025, and apply
environmental and community considerations throughout our operations to
achieve this objective."

Philips has brought its EcoVision program to life in Massachusetts by:

  * Using renewable wind energy to produce 70 percent of the electricity
    needed for its Lightolier facility in Fall River
  * Recycling more than 340 tons of waste, such as light bulbs, paper and
    construction debris
  * Composting more than 22,000 pounds of food materials, the equivalent of 54
    55-gallon barrels
  * Supporting local communities through volunteer and service programs, such
    as the employee garden and food drive collection that donated more than
    2,700 pounds of food to the Merrimack Valley Food Bank's Mobile Food
    Pantry
  * Maximizing efficient use of facility space, for instance with our Work
    Place Innovation program (which enables flex-working) on our Andover
    campus

Commenting on this year's Global 100, Toby Heaps, Corporate Knights CEO,
remarked, "the Global 100 are leading a resource productivity revolution,
transforming waste into treasure and doing more with less. They are steering
our civilization away from ecological overshoot and back to a place of balance
with our planet."

For full rankings and other details, please see: www.global100.org or
www.corporateknights.com/global100.

Notes to the editor on EcoVision:

While providing strategic sustainability direction, Philips has identified
three key performance indicators. By 2015 Philips aims to:

  * Bring care to more than 500 million people
         Target: 500 million lives touched by 2015 (driven by Philips
    Healthcare)
  * Improve energy efficiency of Philips products
         Target: 50% improvement by 2015 (for the average total product
    portfolio) compared to 2009
  * Close the material loop
         Target: Double global collection, recycling amounts and recycled
    materials in products by 2015 compared to 2009.

Michele Wallace

Forum Media

917-741-5147

About Royal Philips Electronics

Royal Philips Electronics (NYSE: PHG, AEX: PHIA) is a diversified health and
well-being company, focused on improving people's lives through meaningful
innovation in the areas of Healthcare, Consumer Lifestyle and Lighting.
Headquartered in the Netherlands, Philips posted 2011 sales of EUR 22.6
billion and employs approximately 121,000 employees with sales and services in
more than 100 countries. The company is a leader in cardiac care, acute care
and home healthcare, energy efficient lighting solutions and new lighting
applications, as well as male shaving and grooming, home and portable
entertainment and oral healthcare. News from Philips is located at
www.philips.com/newscenter.

About Corporate Knights

Founded in 2002, Corporate Knights is an independent Toronto-based media and
investment research company. http://www.corporateknights.com/

About the Global 100 Most Sustainable Corporations in the World (Global 100)

The Global 100 is an annual project initiated by Corporate Knights, the
company for clean capitalism. Launched in 2005, the Global 100 is announced
each year at the World Economic Forum in Davos.

1- As recognized in Rate the Raters, Phase 5. Source:
http://www.sustainability.com/library/rate-the-raters-phase-five-polling-the-experts-2012

This information was brought to you by Cision http://www.cisionwire.com
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