We have expanded the list of climate policies we assess company engagement with to incorporate land-use related policy, referring to legislative or regulatory measures to enhance and protect ecosystems and land where carbon is being stored. Assessments under this category are currently underweighted in terms of their contribution to the overall company metrics. This weighting will be progressively increased over the next 6 months.
We adjusted the terminology used to describe the queries running down the left-hand side of our scoring matrix and added additional explanatory text to the info-boxes. This has no impact on the scores and methodology. It has been done following user feedback to improve clarity.
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
A Philips executive sits on the VNO-NCW general and daily board (as of December 2022)
S.C. van Es
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InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
A Philips executive sits on the VNO-NCW general and daily board (as of December 2022)
S.C. van Es
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InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Philips' CEO Roy Jakobs is a member of the European Roundtable of Industrialists (correct as of August 2022)
Roy Jakobs
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InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Philips' CEO Roy Jakobs is a member of the European Roundtable of Industrialists (correct as of August 2022)
Roy Jakobs
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InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Philips is a Cornerstone Member of the Tennessee Chamber of Commerce (updated as of December 2022)
not specified
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InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Philips is a Cornerstone Member of the Tennessee Chamber of Commerce (updated as of December 2022)
not specified
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In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.
Open PDF file of Data Source
Climate Lobbying Overview: Philips appears to have limited, positive engagement with EU climate change policy between 2020 and 2022. Alongside top-line support for the UN Paris Agreement and the ambition to limit global warming to 1.5°C, Philips appears to have supported ambitious GHG emissions targets, energy efficiency targets, and renewable energy legislation in the EU.
Top-line Messaging on Climate Policy: Philips seems to strongly support action on climate change in its top-line messaging. In July 2021, Frans van Houten, former-CEO of Philips, signed a joint letter supporting a carbon-neutral Europe by 2050. Philips CEO Roy Jakobs signed an open letter in November 2022, stating support for market-based mechanisms to combat climate change, with a clear reference to the need for ambition. The same letter called for more ambitious NDCs in the build up to COP27 and supported GHG emissions reductions in line with 1.5°C.
Engagement with Climate-Related Regulations: Philips has positive, albeit limited, engagement with EU climate policy between 2020 and 2022, primarily through co-signing numerous business-led climate letters to policymakers. In November 2022 CEO Roy Jakobs signed a WEF open letter, generally supporting renewable energy legislation and standards. In 2021, the former-CEO Frans van Houten signed several joint CEO Alliance letters advocating to policymakers to increase the ambition of several policies, including the EU’s Renovation Wave policy and an ambitious 3% annual EU renovation target. The July 2021 letter also supported the extension of the EU Emissions Trading System (EU ETS) to the mobility, transport, and buildings sectors. A June 2021 letter to policymakers, signed by the CEO, supported the EU’s 55% 2030 GHG emissions target and advocated for interim emissions targets in line with limiting warming to 1.5°C. Philips’ 2021 CDP Disclosure stated support for the EU’s Clean Energy Package and for “ambitious renewable energy targets”, without advocating for a specific target level. The 2021 CDP Disclosure also supported an ambitious EU Energy Efficiency Directive.
Positioning on Energy Transition: Philips appears to have supportive yet limited engagement on the energy transition. The company published an article on its website in September 2022, supporting the transition to renewable energy, decarbonization, and a transition to a low-carbon economy. In November 2022 Philips’ CEO signed a WEF open letter advocating for the removal of fossil fuel subsidies and broadly supporting regulatory measures to transition to low-carbon technologies or infrastructure. Prior to this, in June 2021, the CEO signed a joint letter advocating for policymakers, at a global level, to “eliminate fossil fuel subsidies and cut tariffs on climate-friendly goods” and “phase out coal”. In July 2021 he signed another joint letter promoting the electrification of European road transport.
Industry Association Governance: Philips has publicly disclosed information on its memberships to industry associations on a dedicated webpage, without providing further details on the company’s role within each association or its influence over their climate positions. The company has not published a review of its alignment with its industry associations. Philips is a member of the European Roundtable for Industry, which is lobbying on EU climate policy with mixed but increasingly positive engagement, and is a partner company of Business Europe, which is negatively engaged with EU climate legislation.
InfluenceMap collects and assesses evidence of corporate climate policy engagement on a weekly basis, depending on the availability of information from each specific data source (for more information see our methodology). While this analysis flows through to the company’s scores each week, the summary above is updated periodically. This summary was last updated in Q4 2022.