Philips Lighting gets an A rating for supplier engagement

Sponsored content: Environmental disclosure platform recognises companies addressing sustainability as part of supply chain management.

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Philips Lighting (Euronext: LIGHT), the world leader in lighting, today announced that CDP, a non-profit global environmental disclosure platform, has recognised the company as a Supplier Engagement Leader for 2018.

Philips Lighting is actively engaging with a significant number of its suppliers to help the company to manage carbon emissions and address climate-related issues across its supply chain. The recognition comes in addition to receiving an A rating in CDP’s climate program for reducing Philips Lighting’s own environmental impact.

“I’m very proud to be included in CDP’s Supplier Engagement leader board as this is clear recognition for our efforts to reduce the carbon footprint in our supply chain, which is an incremental part of Philips Lighting’s sustainability program Brighter Lives, Better World,” said Anna Spinelli, Head of Procurement at Philips Lighting. “Together with CDP we developed a tool that enables suppliers to measure their energy use and carbon emissions. We also started to raise awareness among our suppliers by giving class room trainings in China and by providing webinar trainings in other parts of the world.”

“I congratulate Philips Lighting for its industry-leading work to cut carbon emissions in the supply chain, which has earned it a place on the CDP Supplier Engagement leader board,” said Dexter Galvin, Global Director of Corporates and Supply Chains at CDP. “Environmental action has never been more vital, nor urgent, and companies have a crucial role to play in keeping up the momentum needed to meet the aims of the Paris Agreement. The leadership shown by Philips Lighting points the way for other businesses to act, and is an impressive achievement given that this is the first year the company has been independently disclosing to CDP.”

CDP’s leader board includes a total of 58 companies, a doubling from the 29 nominated companies in 2017. This represents only 2% of the more than 3,300 companies that submitted information to CDP to be assessed against its supplier engagement rating methodology. According to CDP, only 23% of the participating companies reported active engagement with their suppliers on climate change, highlighting the urgency of addressing sustainability as part of supply chain management.

This content was sponsored by Philips.