Philips CEO Nominated for International Circular Economy Award

Economy Awards

Frans van Houten, CEO and Chairman of Philips is a potential recipient of a Circular Award, an annual event recognizing people and enterprises from commerce, civil society and academia that have made a notable contribution to driving circular economy principles. 

The circular economy is an alternative to the traditional linear economy. It decouples growth from scarce resource use allowing economic development within natural resource limits and allowing companies to innovate to enable customers and users to do more with less.

Recognizing that innovation is a critical driving force for the circular economy, van Houten initiated a major transformation program across the company in 2011, setting out a new vision centred on innovation. The objective: to convert the global electronics multinational’s business model from linear to circular. He also championed investment in staff and external partnerships with the aim of embedding circular principles within the organization. 

As a result of these initiatives, two business units — lighting and healthcare — have already commercialized circular offerings. In the consumer space, Philips plans to reintroduce products designed to last and be repaired to extend life.

 

Related Articles

Standard’s Photometric Data Now Available on Lighting Analyst’s Instabase

Standard’s Photometric Data Now Available on Lighting Analyst’s Instabase

 

Standard’s photometric data files (IES files) have been updated and optimized and are now available on Instabase (the photometric search engine by Lighting Analyst). This is a cloud delivery mechanism containing luminaire photometric data from many of the lighting industry’s most prominent manufacturers available from within AGi32 and Photometric Toolbox dedicated cloud environment.

 

 

Changing Scene

  • The Heart of the Olympic Park Transformed by Lemay and LumiGroup

    April 18, 2024 Architectural and design firm Lemay, and lighting agency LumiGroup, have combined their expertise to transform a partially under-exploited sector of the Montreal Olympic Park into a bright, warm, and dynamic work environment. Continuing their long-term history of working together on major projects, the mandate was to set up offices which would bring… Read More…

  • “Sustainable” Lighting: What Are Lighting Designers Asking For?

    April 16, 2024 By Sara Schonour, LC, MIES, IALD, Luxsi and Reiko Kagawa, LC, LEED AP BD+C, WELL AP, WELL Faculty Are you confused about what lighting designers are asking for regarding material transparency, and how they are defining the ambiguous term “sustainability”? 100+ specifying firms (114 and counting, to be exact) have signed the… Read More…

Design

  • Case Study: Windsor Family Credit Union (WFCU) with Salex SW

    Case Study: Windsor Family Credit Union (WFCU) with Salex SW

    February 6, 2024 Since 1940, WFCU Credit Union is a prominent and forward-thinking financial institution based in Windsor and Essex County. For over 80 years, WFCU has been dedicated to serving Ontario residents, community, organizations, small businesses, commercial entities, and public institutions. Their new headquarters in Kitchener was created as they continue to grow their… Read More…

  • Coaticook Suspended Footbridge: An Ever-Changing Luminous Canvas, Painted by Nature

    Coaticook Suspended Footbridge: An Ever-Changing Luminous Canvas, Painted by Nature

    December 5, 2023 At 170 m (554 ft) long and 50 m (160 ft) high, the Coaticook Canyon Bridge at Parc de la Gorge de Coaticook is one of the longest suspension footbridges in North America and one of the most popular tourist attractions in the Eastern Townships. For several years, the Parc de la… Read More…

New Products