ACCORDING to technology giant Philips, sustainability not only makes sense but is also a driver for business development.
Citing both social and environmental responsibility, the company is pushing ahead with the release of its Green Flagship products that focus on factors such as energy consumption, hazardous substances and recycling.
Philips has introduced 21 Green Flagship products in the last year — three of which are now available in New Zealand and cover the hardware, healthcare and lighting markets.
The company claims its 190S5 monitor reduces energy consumption by 23% and uses 95% less packaging when compared to competitors, and features a larger screen size and SmartManage function.
Philips NZ chief executive Errol McKenzie says measuring sustainable success is also about getting involved with local communities and charities at grass roots level.
Local staff have been involved in a mentoring programme for students from financially disadvantaged backgrounds and competed in the Cure Kids Great Race endurance event to raise funds.
Globally the company has invested in more than 200 projects to provide healthcare and education to underprivileged people.
Key suppliers have agreed to the company’s supplier declaration on sustainability and a global supplier audit programme begins this year.