Industry Sector: Capital Goods
NEWSWEEK Green Score: 77.2%
Environmental Impact: 59.7%
Environmental Management: 92.2%
Transparency & Disclosure: 87.8%
Koninklijke Philips Electronics N.V. seems to manufacture everything from razors to flat-screen televisions. While the company has launched a series of environmental programs since 1994, its current program, EcoVision4, was announced in 2007. EcoVision4 aims to achieve three goals by 2012, including investing 1 billion euros in Green Innovations and increasing energy efficiency by 25 percent. The company sells many energy-efficient products, and the majority of them are made through the EcoDesign process, which calls for sustainability in all of parts of the manufacturing process. Once sold to consumers, some of the company’s products offer up to 80 percent energy savings.