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

Changing Scene

Design

  • Eralux: Curling Club Lighting Project Highlight

    Eralux: Curling Club Lighting Project Highlight

    This installation exemplifies the versatility of Eralux Titan Elite, enabling the Curling club to cater to various needs such as general play, broadcast, and ice maintenance. The individual control of fixtures offers the flexibility to optimize ice coverage effectively. Moreover, the Eralux Titan Elite high bay, featuring rotating lenses, illuminates all areas, including dark corners,… Read More…

  • Artika: Outdoor Wall Lighting Ideas – Security, Style & Curb Appeal

    Artika: Outdoor Wall Lighting Ideas – Security, Style & Curb Appeal

    Strategic outdoor wall lighting combines bright entry fixtures (700-1,000 lumens) at doors, accent sconces highlighting architectural features, and porch lighting that creates welcoming curb appeal while deterring intruders and ensuring safe navigation. Your home’s exterior walls offer the perfect canvas for lighting that serves multiple purposes simultaneously. Well-positioned outdoor wall lights provide security at vulnerable… Read More…

New Products

  • Cooper Lighting: WaveLinx LITE Contact Closure Input (CCI-L-V)

    Cooper Lighting: WaveLinx LITE Contact Closure Input (CCI-L-V)

    The WaveLinx LITE Contact Closure Input (CCI-L-V) is a WaveLinx LITE device that provides the ability to take inputs from other devices, like fire alarm panels, keyed switches, or other devices, incorporating momentary or maintain actions to allow the system to respond to demand response, alert mode, after hours occupancy or a sensor input. Read More…

  • Signify: Philips Smart Lighting Turns the Home into an Experience

    Signify: Philips Smart Lighting Turns the Home into an Experience

    Lighting is stepping out of the background and into the spotlight as Philips Smart Lighting expands its Wi-Fi-based smart lighting portfolio. The new products are designed to help people shape spaces that reflect their mood, personality and lifestyle through lighting that adapts effortlessly to every moment. Building on its existing range of smart bulbs and… Read More…