Philips reports rise in "green" product sales

Philips has announced that it achieved a 33% increase in sales of "green" products in 2007, as published in the company's 10th annual sustainability report today.

The company says that all three Philips sectors – Healthcare, Lighting and Consumer Lifestyle - showed a "significant" increase in sales of green products last year, resulting in total green sales of 5.3 billion euros in 2007, compared with 4 billion euros in 2006.

In September 2007, Philips announced its "EcoVision" program aiming to double sales of green tech to 30% of total revenues within 5 years - the company achieved 20% last year.

The consumer lifestyle sector saw an increase of 91% in sales of green products such as the Cineos Soundbar with Ambisound, which uses 50% less energy than its closest competitor, and the energy efficient LCD TV range of which some models use 36% less energy than closest competitors.