Philips Foundation publishes 2018 Annual Report
July 01 2019 - 3:00AM
Philips Foundation publishes 2018 Annual Report
July 1, 2019
Amsterdam, the Netherlands –
The Philips Foundation, established by Royal Philips (NYSE:
PHG; AEX: PHIA) as the central platform for Philips’ CSR
activities, today announced publication of its 2018 Annual Report.
The report highlights the Foundation’s solid progress in
delivering on its commitment to reduce health inequality through
meaningful innovation. This includes support for local NGO
projects, collaboration with international organizations, and
support for social entrepreneurs seeking to implement innovative
healthcare solutions. Via the Foundation, Philips also focuses its
workforce’s volunteering activities on a single global healthcare
issue to achieve greater impact.
Building on its commitment to help solve some of the world’s
most difficult healthcare challenges through innovation and
collaboration, the Philips Foundation deliberately steered away
from traditional donations in 2018. Instead, it teamed up with
complementary partners, such as national Red Cross societies,
UNICEF, ICRC, Save the Children and Amref, and with specific social
entrepreneurs, resulting in the launch of 40 exciting new projects
that explore new models of access to care to strengthen healthcare
systems, improve outcomes, and reduce the cost of care.
“Standing shoulder to shoulder with our partners and of course
Philips’ workforce, the Philips Foundation focuses on providing
high-quality healthcare to communities lacking affordable and
sustainable facilities,” said Margot Cooijmans, Director Philips
Foundation. “In developing and deploying innovative solutions the
Philips Foundation leverages the heads and hands, skills and
technologies of Philips and its employees worldwide, to serve the
health and well-being of disadvantaged people. To date, over 150
projects are running, improving the lives of more than 10 million
people.”
Social entrepreneurship – accelerating access to care in
collaboration with AshokaThe Philips Foundation and
Ashoka, the largest global network of leading social entrepreneurs,
have completed the first year of a three-year collaboration to
increase access to healthcare around the world. By connecting
leaders in Philips with innovative social entrepreneurs, the aim is
to optimally leverage business capabilities and achieve greater
impact. In 2018, five new social entrepreneurs were selected, all
committed to accelerating access to healthcare in underserved
communities of Africa, Asia, and Latin America. Combining the
business strengths of Philips and the system-changing capabilities
of social entrepreneurs will allow the co-creation of solutions and
the establishment of win-win partnerships to reduce health
inequality and build sustainable access to primary healthcare.
Employee volunteering – making an impact on a key global
access-to-healthcare issueThrough its employee
team-volunteering program, the Philips Foundation provides a
platform for more than 75,000 Philips employees to volunteer and
make an impact on a key global access-to-healthcare issue. The
focused goal for 2018 and 2019 is to reduce childhood pneumonia – a
respiratory disease that can be relatively easily prevented,
diagnosed and treated. Working closely with its strong network of
NGOs, including Amref, the UN Foundation, Save the Children and the
Red Cross, the Philips Foundation has identified impactful
challenges, such as brain challenges, hands-on challenges and
fundraising opportunities, that support the fight against childhood
pneumonia. In 2018, the Philips Foundation facilitated deployment
of up to 4,800 hours of volunteer work.
To read the Philips Foundation’s full Annual Report, please
click here.
For further information, please
contact:
Koen Joosse Philips FoundationTel.: +31 6 1339 2233E-mail:
koen.joosse@philips.com
About the Philips FoundationThe Philips
Foundation is a registered charity that was established in July
2014 as the central platform for Philips’ CSR activities.
Reflecting our commitment to United Nations Sustainable Development
Goals 3 (Ensure healthy lives and promote well-being for all at all
ages) and 17 (Revitalize the global partnership for sustainable
development), the mission of the Foundation is to reduce healthcare
inequality by providing access to quality healthcare for
disadvantaged communities. We do this by deploying Philips’
expertise, innovative products and solutions, by collaborating with
key partners around the world and by providing financial support
for collaborative activities. More information on the Philips
Foundation can be found at https://www.philips-foundation.com.
- Philips Foundation Annual Report 2018
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