September 26, 2007
Philips Looking at Greener Profits
Some companies have considered the implementation of new green standards as something that may hinder sales and operations but not Royal Philips Electronics.
In fact, the popular electronics and gadget manufacturing giant has been upbeat on potential new earnings and revenue once it settles down its green-compliant products by 2012.
Philips’ fourth EcoVision program also aims to increase the energy efficiency of its operations by 25% and double its investment in green innovations to EUR1 billion in the next five years.
Philips said that these targets mean that by the end of 2008 all the company’s offices will be outfitted with energy efficient lighting systems and that further reductions in greenhouse-gas emissions will be realized in production and distribution.
Read in full: Philips to double sales from green products to 30% of revenue
Tags: compliant_products, Earth Friendly, Eco Friendly, Energy Efficient, gadget, Gadgets, Green Design, Green Living, Green News, popular_electronics, royal_philips_electronics
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