Connect with us

General News

Philips Green Products Sales Hit 52% High, Improves 1.9Bn Lives

Published

on

Philips.jpg
Kindly share this post

Royal Philips has recorded good  progress in its sustainability performance with Green Product sales increasing to EUR 11.1 billion in 2014, representing a record level of 52% of total sales.

In 2014, Philips invested EUR 463 million in Green Innovation and achieved its EUR 2 billion EcoVision program target a year ahead of time.

Lighting increased its yearly investments, being the largest contributor to Green Innovation with EUR 255 million, mainly targeted at advancing the development of LED solutions.

In addition, Philips was able to further reduce its operational carbon footprint by 5% compared to 2013.

“Achieving our EUR 2 billion Green Innovation target ahead of time is a clear proof of accelerating sustainable business and value creation across the company. We now improve the lives of 1.9 billion people, demonstrating solid progress towards our EcoVision commitments”, said Jim Andrew, chairman, Sustainability Board and Philips’ Chief Strategy & Innovation Officer.

The total product portfolio saw a slight increase of energy efficiency in 2014.

For example, in the city of Madrid, Spain, Philips will renew the city’s entire lighting system with 225,000 energy-efficient lights, making it the world’s largest street lighting upgrade to date.

In Healthcare, the Green Product portfolio expanded with seven new introductions to improve patient outcomes and access to care while reducing environmental impact.

Philips also expanded its efforts in circular economy and opened a new refurbishment center for medical imaging systems in Best, the Netherlands.

This facility represents an important milestone in bringing the financial and environmental benefits of circular economy to the healthcare industry.

Another example is the new SENSEO® Up coffee machine, which effectively incorporates 13% of recycled plastics into its product design.

Jim Andrew added: “We see that social and environmental considerations have become a crucial element in customers’ decisions and we believe that embedding circular economy principles into our businesses will offer us substantial new opportunities to accelerate our innovation and growth.”

The Philips 2014 sustainability update is an integral part of the Philips 2014 Annual Report.

Its EcoVision program comprises key performance indicators in the areas of improving people’s lives, Green Product sales, Green Innovation (incl. Circular Economy), Green Operations, Health & Safety and Supplier Sustainability.

Green Products need to prove leadership in at least one Green Focal Area compared to industry standards, which is defined by a sector specific peer group.

This is done either by outperforming reference products (which can be a competitor or predecessor product in the particular product family) by at least 10%, outperforming product-specific eco-requirements or by being awarded with a recognized eco-performance label.

The Green Focal Areas are: Energy efficiency, Packaging, Hazardous substances, Weight, Recycling and disposal and Lifetime reliability.

All performance numbers have been restated to exclude the impact of Lumileds and Automotive.

To calculate how many lives it is improving, market intelligence and statistical data on the number of people touched by the products contributing to the social or ecological dimension over the lifetime of a product are multiplied by the number of those products delivered in a year.

After elimination of double counts, the number of lives improved by Philip’s innovative solutions is calculated.

In 2014 it improved the lives of 1.9 billion people.

Also, circular economy is a driver for innovation in the areas of material – component and product reuse, as well as business models such as solutions and services.

In a circular economy, the more effective use of materials enables to create more value, both by cost savings and by developing new markets or growing existing ones.

 


Kindly share this post

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

General News

NRS Debunks Viral Claim of New Tax on Vehicle

Published

on

Kindly share this post

Nigeria Revenue Service (NRS) has denied reports that the federal government has introduced a new tax on vehicles.

NRS Debunks Viral Claim of New Tax on Vehicle

The clarification follows the circulation of a viral message online claiming that all vehicle owners would be required to start paying a new tax from July 1, 2026.

In a statement released on Sunday, the NRS said the information in the message is false and did not come from the agency or any official government institution.Nigeria Travel Guides

According to Dare Adekanmbi, spokesperson for the NRS, the viral message was designed to mislead the public. He explained that it was made to look genuine by using official government logos and formatting.

The message reportedly instructed owners of private, commercial, and corporate vehicles to pay an unspecified fee either online or through approved banks and agencies. It also included a website that was wrongly presented as an official government platform.

Adekanmbi stressed that the website mentioned is not connected to the government and warned Nigerians not to make any payments based on such information.

He said the NRS has not introduced any new vehicle tax and that any official policy or tax change would be properly announced through verified government channels.

The agency urged citizens to ignore the fake message and avoid falling victim to possible fraud. It also advised Nigerians to always confirm such information through trusted and official sources before taking any action.

The NRS further encouraged the public to follow its official communication platforms to stay informed about genuine tax policies, updates, and government directives.

 


Kindly share this post
Continue Reading

General News

NCC to Intensify Crackdown on Illicit Network to Protect Copyrights

Published

on

Kindly share this post

National Copyright Commission (NCC) has reaffirmed that piracy remains a major threat to the nation’s creative economy, vowing to intensify its nationwide crackdown on illicit networks to protect intellectual property.

NCC to Intensify Crackdown on Illicit Network to Protect Copyrights

Pic credit…soundcloud.com

Dr. John Asein, director-general of the NCC, disclosed this in a statement to mark the 2026 World Book and Copyright Day.

The commission noted that piracy remains a major threat, undermining legitimate enterprise and eroding the economic value of creative works.

Asein lamented that inadequate distribution systems and limited access to books also constrain the growth of readership.

He described the event as an important occasion, which showcased the enduring value of books as foundations of knowledge, instruments of cultural preservation, and drivers of national development.

He described the theme for this year’s celebration, ‘Read Books, Respect Copyright,’ as a call on Nigerians to embrace reading as a lifelong habit, while recognising that respect for copyright is essential to sustaining creativity and rewarding authors.

The commission noted that Nigeria’s book industry has evolved significantly, from the post-independence emergence of indigenous publishing to today’s digitally driven ecosystem.

“Nigerian authors continue to gain global recognition, while publishers are expanding capacity. However, challenges persist,” he said.

The commission commended the National Intellectual Property Policy and Strategy, describing it as a bold step toward repositioning intellectual property as a driver of economic transformation.

The policy, according to him, provides a roadmap for revamping the book sector for the benefit of authors and publishers, and is accessible at ippolicy.ng.

The NCC also reaffirmed its commitment to inclusive access through the Marrakesh Treaty, as reflected in the Copyright Act, 2022, enabling accessible formats such as Braille and audio texts.

It urged Nigerians to respect copyright and purchase books only from authorised sources.


Kindly share this post
Continue Reading

General News

Fusewall Holdings Acquires 100% Stake in Coloplus, Expands Telecom Infrastructure Footprint

Published

on

Kindly share this post

Fusewall Holdings, founded by Azeez Amida, has announced the acquisition of a 100 percent equity stake in Coloplus Worldwide Service Limited, in a move aimed at strengthening its position in Nigeria’s telecommunications infrastructure space.

Fusewall Holdings Acquires 100% Stake in Coloplus, Expands Telecom Infrastructure Footprint

Fusewall Holdings

The deal marks a significant milestone in Fusewall’s broader strategy to build an integrated and future-ready platform across key sectors, particularly within the country’s fast-evolving digital economy.

The transaction was led by Amida, whose role in structuring and executing the deal was described as pivotal. According to the company, his leadership helped align stakeholders and navigate complex negotiations to ensure a successful close while positioning the business for long-term growth.

A spokesperson for Fusewall Holdings said the acquisition represents “a deliberate step forward” in the company’s expansion strategy, noting that the focus remains on building platforms that combine operational efficiency, resilience, and scale.

Coloplus brings a substantial operational footprint to the deal, including access to about 900 partner locations and roughly 20 owned sites. This combination of reach and infrastructure control is expected to give Fusewall a strategic advantage as it scales operations nationwide.

Fusewall said it plans to deploy capital, strengthen governance structures, and enhance operational execution as part of the integration process. The move is expected to improve service delivery, boost infrastructure reliability, and support expansion into underserved and high-demand areas.

The acquisition also aligns with the company’s broader ambition to help bridge Nigeria’s telecommunications infrastructure gap by expanding connectivity, improving network resilience, and advancing digital inclusion.

Fusewall Holdings said the deal reflects its commitment to disciplined execution and long-term value creation as it continues to grow its footprint in Nigeria’s digital ecosystem.


Kindly share this post
Continue Reading

Trending