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Always acting with integrity

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Modern Slavery

 

At Philips, we are on a mission to improve people’s lives. This goal extends beyond our innovative products, systems and services to our supply chain. We invest in relationships with suppliers who provide a safe working environment, treat workers with respect, and work in an environmentally sound way. Our supplier sustainability programs and policies can be found here.

 

Acting with integrity is at the heart of our culture. While pursuing our business objectives, we aim to be a responsible partner in society, acting with integrity towards our employees, customers, business partners and shareholders, as well as the wider community in which we operate.  The principle of fair employment practices is enshrined in our General Business Principles. Full details of our General Business Principles can be found here.

 

Philips is fully committed to compliance with the requirements of the Modern Slavery Act 2015 and the elimination of any form of modern slavery and human trafficking from any part of our business and supply chain.

Our approach to tax


Philips supports initiatives promoting tax transparency and responsible tax management. Philips maintains an open dialogue with its stakeholders, tax authorities, shareholders, communities in which it operates, and NGOs.


Read more about Philips Tax Strategy in the document Our approach to tax here


In accordance with Paragraph 16(2) of Schedule 19 Finance Act 2016, this document represents the Group’s tax strategy in effect for the year ended 31 December 2021.

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