Company Directory - Koninklijke Philips N.V.
Company Details - Koninklijke Philips N.V.
Koninklijke Philips N.V.
WebsiteAmsterdam, Netherlands
ISIN: NL0000009538
Philips is a multinational technology company that focuses on health technology, consumer lifestyle products and lighting solutions. Known for innovations such as the Philips Hue smart lighting range, the company aims to improve people’s lives through meaningful, innovative products and services in healthcare and personal well-being.
CCI Score
CCI Score: Koninklijke Philips N.V.
13.00
-0.01%
Latest Event
Philips donated €86k to anti-democratic US politicians
Philips, along with Ahold, donated funds via PACs to support Republican congress members who challenged the legitimacy of the 2020 presidential election. This contribution indirectly aids candidates with anti-democratic, authoritarian leanings, raising concerns over the company’s political influence and complicity in undermining democratic processes.
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SABOTEUR
Koninklijke Philips N.V. is currently rated as a Saboteur.
Latest Events
- SEP302024
Philips, along with Ahold, donated funds via PACs to support Republican congress members who challenged the legitimacy of the 2020 presidential election. This contribution indirectly aids candidates with anti-democratic, authoritarian leanings, raising concerns over the company’s political influence and complicity in undermining democratic processes.
-80
Political Contributions and Lobbying Efforts
March 23
The donation to politically active PACs that benefited candidates openly disputing election results epitomizes corporate support for anti-democratic practices. By financially backing figures associated with extremist, authoritarian rhetoric, Philips contributes to the erosion of democratic norms and accountability in political contributions.
Philips and Ahold donated €86k to anti-democratic US politicians
- SEP302024
Between 2021 and 2024, Philips, through its PAC, donated significant funds to U.S. Congress members who have denied the 2020 presidential election results. These donations supported candidates who propagated debunked conspiracy theories, contributing to the erosion of democratic norms and indirectly endorsing authoritarian practices.
-80
Political Contributions and Lobbying Efforts
March 23
Philips’ PAC donated over $270,000 since 2021, with a significant portion going to candidates who actively questioned the legitimacy of the 2020 presidential election. This financial support for election deniers undercuts democratic institutions and facilitates a political environment that favors authoritarian practices. The decision to channel funds to individuals promoting conspiracy theories and undermining electoral integrity reflects deeply concerning public and political behavior.
Philips, Ahold donated to 26 election deniers running to hold their U.S. Congress seats
- MAR222024
OpenSecrets data indicates that Philips Electronics North America, the political arm associated with Koninklijke Philips N.V., raised $236,029 during the 2023-2024 election cycle. This political spending is viewed by anti-fascist observers as an example of corporate political engagement that can distort democratic processes and potentially favor authoritarian policies by prioritizing corporate interests over public accountability.
-20
Political Contributions and Lobbying Efforts
March 23
The political contributions recorded for Philips Electronics North America demonstrate corporate engagement in the political process through funding that may be used to influence policy in favor of corporate and authoritarian interests. Given the anti-fascist perspective that criticizes the use of corporate funds to sway democratic outcomes, this event is evaluated negatively. While the sum raised is moderate, it reflects a pattern of behavior where corporate money might contribute to undermining transparent, democratic governance.
PAC Profile: Philips Electronics North America • OpenSecrets
- OCT262023
Philips has launched a Supplier Sustainability Performance (SSP) program that emphasizes continuous improvement in supplier sustainability, responsible sourcing, and better working conditions, demonstrating a commitment to ethical business practices in its supply chain.
+75
Labor Relations and Human Rights Practices
March 23
The article highlights Philips' proactive efforts to improve working conditions and invest in suppliers’ capabilities, ensuring that suppliers provide safe working environments and adhere to responsible labor practices. This approach not only advances human rights standards but also establishes a framework for long-term ethical labor practices in the supply chain.
Supply chain sustainability: Teaming up with suppliers to protect people and the planet
+80
Supply Chain Ethics
March 23
Philips’ SSP program marks a significant shift from traditional supplier audits to a strategy focused on continuous, structural improvement in social and environmental performance. By lending expertise and fostering long-term relationships, Philips not only ensures ethical sourcing but also reduces audit fatigue, thereby promoting a truly sustainable supply chain.
Supply chain sustainability: Teaming up with suppliers to protect people and the planet
- JUL122023
Philips' 2023 Human Rights Report highlights its continued progress in building a diverse, inclusive workplace and advancing healthcare accessibility through responsible technology deployment and strategic partnerships.
+70
Public and Political Behavior
March 23
Philips has demonstrated a noteworthy commitment to progressive political engagement by endorsing the UN Women’s Empowerment Principles and advancing an inclusive corporate culture. This reflects a clear stance in favor of social justice and equitable representation, aligning with the values of Public and Political Behavior.
+80
Business Practices and Ethical Responsibility
March 23
The report evidences significant progress in labor relations and human rights practices. Philips’ initiatives to boost gender diversity, support minority employee resource groups, and partner for global health improvements underscore its commitment to ethical business practices and responsibility.
+75
Technology and Services Impact
March 23
Philips is advancing the responsible use of technology in healthcare, integrating AI-driven diagnostics to improve clinical decision-making and expand access to medical services in underserved regions. This responsible approach in deploying digital solutions aligns with positive impacts under the Technology and Services Impact category.
- JUL122023
Philips' 2023 Human Rights Report demonstrates the company's robust commitment to upholding human rights, ethical business practices, and supply chain transparency. The report details initiatives on labor relations, non-discrimination, supplier sustainability, and the ethical use of technology in healthcare, all of which contribute positively to combating systemic oppressive practices.
+70
Public and Political Behavior
March 23
Under Public and Political Behavior, Philips showcases a positive record by actively promoting inclusion, gender equity, and responsible corporate governance. Although there is no overt political lobbying detailed in the report, the company’s leadership endorsements of initiatives like the Women’s Empowerment Principles suggest a constructive influence in public discourse.
+90
Business Practices and Ethical Responsibility
March 23
The Business Practices and Ethical Responsibility rating is high due to Philips’ comprehensive measures in safeguarding human rights, implementing a grievance mechanism, enforcing their Fair Employment Policy, and actively engaging in supplier sustainability programs. These efforts reflect strong corporate responsibility and counter potential complicity in oppressive practices.
+80
Technology and Services Impact
March 23
In Technology and Services Impact, Philips demonstrates positive use of technology through ethical AI deployments and digital solutions that enhance healthcare delivery. Their efforts to integrate advanced tools like the Lumify handheld ultrasound for improving clinical decisions underline an ethical commitment to technology.
+85
Economic and Structural Influence
March 23
The Economic and Structural Influence rating benefits from Philips’ proactive management of its supply chain, responsible sourcing practices, and long-term supplier development initiatives. These measures not only improve labor conditions but also structurally reduce risks associated with unethical practices in the supply environment.
- JAN012023
Philips developed a Supplier Sustainability Performance (SSP) Program to enhance environmental and social standards across its global supply chain. The program conducts baseline assessments, collaborates with suppliers on improvement plans, and provides tailored support to address high carbon emissions and other sustainability challenges. This initiative marks a significant positive step in promoting ethical supply chain practices and reducing environmental harm.
+80
Supply Chain Ethics
March 23
The SSP Program indicates a proactive initiative by Philips to ensure that its suppliers adhere to improved environmental and social standards. By conducting baseline assessments and collaboratively developing tailored improvement plans, Philips demonstrates commitment to ethical supply chain management. This initiative supports sustainability and reduces the risk of involvement in exploitative practices, marking a significant positive contribution to corporate responsibility.
Supplier Sustainability Performance Program in Healthcare Supply Chain
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- 334111
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- Electromedical and Electrotherapeutic Apparatus Manufacturing
- 339112
- Surgical and Medical Instrument Manufacturing
- 423450
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