NEWS
Philips to spend £1.7bn on green innovation

Philips has said it will allocate £1.7 billion for investments in green innovation by 2015.

A major recipient of the money will be the lighting division, which contributed to nearly half of all Philips ‘green product’ sales last year.

Provoost says sustainability is key to growth

Provoost says sustainability is key to growth

‘We consider sustainability to be a driver of growth and an integral part of the Philips DNA,’ said Philips Lighting chief Rudy Provoost. ‘By doubling our investment in green innovation by 2015, we re-confirm our ambition to deliver meaningful and sustainable solutions.’ The company pointed to its 12W EnduraLED lamp, a replacement for the 60W GLS, as an example of green innovation.

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