Philips's Netherlands Operations Now Use Only Green Energy
May 16 2019 - 5:12AM
Dow Jones News
By Maitane Sardon
Koninklijke Philips NV (PHIA.AE) said Thursday that all of its
operations in the Netherlands are now powered by renewable energy,
following its recent opening of a wind farm in the country's
southwest.
The Dutch technology company said half of its facilities
worldwide are now powered by green energy, as part of its goal to
be carbon neutral in its operations by 2020 by employing only
renewable electricity.
Philips said the wind farm is a result of its partnership with
Alphabet Inc.'s Google (GOOGL) and Dutch companies Akzo Nobel
(AKZA.AE) and DSM (DSM.AE). In 2016, the three companies formed a
consortium to jointly negotiate power purchase agreements with wind
projects in the Netherlands.
With consumers increasingly using sustainability as a criterion
when making purchases, achieving carbon neutrality is both a moral
obligation and a business opportunity, Royal Philips Chief
Executive Frans van Houten said.
Write to Maitane Sardon at maitane.sardon@dowjones.com
(END) Dow Jones Newswires
May 16, 2019 04:57 ET (08:57 GMT)
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