Overall impact
B (78)

Commentary

Philips is a strong overall performer. With a 'B' rating of 77.8 for overall impact (92nd percentile compared to all companies), Philips ranks 2nd out of 13 industry peers, behind Edwards Lifesciences, and ahead of Abbott, Smith & Nephew, Getinge and 8 others. On top material causes for Philips's industry (Healthcare Equipment), Philips performs well in Child and Maternal Health (84.8 score), Sustainable Use of Natural Resources (95.5), Disaster Readiness and Effective Aid (95.7) and 10 other causes where it received an 'A' score and performs poorly in Disease Eradication (18.8 score), Child and Maternal Health (27.1), Accountable Institutions (22.7) and 2 other causes where it received a 'D' or 'F' score.
Impact
Cause PHG
Peer rank
Overall impact

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Company
Founded
1891
Employees
66,678
Sector
Health Care
Industry
Health Care Equipment & Supplies
Sub-industry
Health Care Equipment
SASB industry
Medical Equipment & Supplies
Headquarters
Netherlands
Share classes
PHG
PHIA
ADR
Mission
To improve the lives of 3 billion people a year by 2025. We will be the best place to work for people who share our passion.
Description
Koninklijke Philips N.V. operates as a health technology company in North America, the Greater China, and internationally. The company operates through Diagnosis & Treatment, Connected Care, and Personal Health segments. It provides diagnostic imaging solutions, includes magnetic resonance imaging; X-ray systems; and computed tomography (CT) systems and software comprising detector-based spectral CT solutions; ultrasound imaging solutions focused on diagnosis, treatment planning and guidance for cardiac, general imaging, obstetrics/gynecology, and point-of-care applications; integrated interventional X-ray systems and software solutions; and interventional image devices and software to aid in the diagnosis, navigation, treatment, and confirmation in minimally invasive interventional coronary, peripheral vascular, and hearth rhythm management procedures. The company also offers acute patient management solutions; emergency care solutions; patient care management in ambulatory and home care; sleep and respiratory care solutions; and vendor-agnostic software solutions. In addition, it provides power toothbrushes, brush heads, and interdental cleaning and teeth whitening products; infant feeding, baby monitors, and digital parental and women's health solutions; and grooming and beauty products and solutions. The company was formerly known as Koninklijke Philips Electronics N.V. and changed its name to Koninklijke Philips N.V. in May 2013. Koninklijke Philips N.V. was founded in 1891 and is headquartered in Amsterdam, the Netherlands.
Material causes
Ethos considers the following causes material for Philips, based on its industry sub-industry Health Care Equipment. Learn more about material causes in our methodology overview.

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