Company Profiles

Philips Electronics

The Netherlands

Philips is one of the world's largest electronics companies, offering consumer electronics, lighting, medical systems, appliances, and personal care products. Philips is a recognized leader in the application of environmental life-cycle assessments. The company performs an "EcoDesign" process on many of its products, which focuses on improving energy efficiency, reducing product weight and packaging, decreasing hazardous materials, and end-of-life recycling. The company currently offers over 200 "Green Flagship" products that employ its top EcoDesign strategies. For example, Philips has developed a new household halogen light bulb, known as the Edore, which uses 50% less energy than the conventional bulb it was designed to replace. Philips uses its influence to generate environmental improvements beyond its own manufacturing facilities through its Supplier Sustainability Involvement Program, which provides its suppliers with a self-assessment tool and training sessions. Dealing with products at the end of their useful lives is a challenge for all electronics companies and Portfolio 21 is disappointed with Philips's lobbying against government legislation regarding producer responsibility for e-waste. We hope Philips will improve both its position and performance on e-waste issues.

To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 12/30/07 and may not reflect current opinions or subsequent events.