Philips has ambitious goals for circularity. The objective is for 25% of revenue to be generated from circular products and services by 2025. This could involve reusing (parts of) (current) products, but also producing products differently, by designing them to be more circular, or by (partly) digitising them.
Harald Tepper, Senior Director Group Sustainability and Global Lead Circular Economy, EcoDesign and ESG Transformation at Philips: "Healthcare is one of the most polluting sectors in the world, especially due to the intensive use of materials. That's why Philips, as a leader in health technology, has put reusing materials at the heart of its innovation process and strategy."
By 2025, the goal is to reach 25%, but to make sense of that growth, something essential is needed: being able to measure circularity even better, in line with the latest trends and insights.
