Customer stories

Philips customer story

Environmental Profit & Loss Report by a leading technology company
consumer electronicshighlighttechnology

Challenge: Transparency in complex supply chains

The Environmental Profit & Loss concept helps companies to put their environment into a financial perspective. Following the example of Puma, Philips wanted to create their own EP&L. But traditional approaches to LCA use a complex bottom-up approach, which requires specific skills and tools to carry out and is only usable on an individual, product-by-product basis. As a result, it’s a time consuming, costly and rigid process that is almost impossible to execute without consolidating technology.
Philips Ultra Fast Scanner

The EP&L account is a logical next step to extend the scope from individual product value chains to Philips’ complete value chain. It will support the direction of our sustainability strategy by providing insights into the main environmental hotspots from

Frans van Houten

CEO, Philips

Philips

Solution: An integrated approach through Activity-based footprinting

With Ecochain, Philips was able to deploy Activity Based Footprinting (ABF) a unique approach resulting in fast, accurate, implementable insights into all products, simultaneously. With our platform, the company could conduct the analysis fully in-house, which enabled them own the data and results and conduct a deeper analysis.

At Philips, we fully embrace sustainability because of the benefits for societies, and because we believe that it is a driver for economic growth. That’s why we have sustainability incorporated in our company strategy

Frans van Houten

CEO, Philips

Philips

Results: A vision put into reality

By giving managers such a clearly comprehensible metric, EP&L becomes a means to identify the environmental hotspots of Philips, enabling managers to invest time and effort where it really matters. Moving forward, Philips plans to work with its supply chain by showing them how to gather actionable data from their operations. Moreover, the Philips EP&L statement (re-)confirmed that energy consumption in the use phase remains a key focus area for innovation. Our Environmental Intelligence Platform helps Philips to continuously finetune its sustainability performance while also providing the incentive for their supply chain partners to do the same, reducing impact and increasing value for all stakeholders.
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