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Philips

Philips

Parent Company: Koninklijke Philips N.V.

Brand value: US$11,860 Mil.

Headquarter city: Amsterdam

Industry: Technology

Year formed: 1891

Koninklijke (Royal) Philips N.V. is a Dutch multinational technology company headquartered in Amsterdam. Philips was founded in Eindhoven in 1891 by Gerard Philips and his father Frederik. Their plan? To bring cost-effective light bulbs to the masses. A string of iconic Philips inventions followed in the coming decades, including cassette, tapes, boomboxes, electric razors, home video recorders, televisions, and more. For many Dutch, Philips’s success is proof that the Netherlands can compete in the global technology realm. In recent years, the company has sharpened its focus on health technology, acquiring firms in the medical imaging, monitoring, and treatment spheres, and spinning off its lighting business. Philips strives to make the world healthier and more sustainable through innovation. Their goal is to improve the lives of 3 billion people a year by 2030. The company generated 2019 sales of €19.5 billion, employs over 80,000 employees, and provided sales and services in more than 100 countries. The brand’s “Innovation and You” slogan signals that even amidst its strategic refocusing, Philips remains dedicated to improving people’s time on the planet. With its focus on access to care, the circular economy, and climate action, Philips “Healthy people, Sustainable planet” program will enable Philips to deliver on this commitment. Shares of Philips are listed on Euronext Amsterdam.

Responsibility index: 103

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