Koninklijke Philips NV
Koninklijke Philips EU Taxonomy Data Preview
In 2024, Koninklijke Philips was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.
The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.
Koninklijke Philips has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Koninklijke Philips are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
| Metric (tonnes) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Taxonomy Aligned A1 Turnover | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Taxonomy Eligible A Turnover | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Taxonomy Non-Eligible B Turnover | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
| Metric (tonnes) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Taxonomy Aligned A1 Opex | 0000000 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Taxonomy Eligible A Opex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Taxonomy Non-Eligible B Opex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
| Metric (tonnes) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Taxonomy Aligned A1 Capex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Taxonomy Eligible A Capex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Taxonomy Non-Eligible B Capex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected EU Taxonomy data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into Koninklijke Philips's Revenues from Sustainable Activities
In 2024, Koninklijke Philips reported EU Taxonomy-eligible revenues of EUR 17.94 billion, representing 99.5% of its total turnover. Of this amount, EUR 0 of Koninklijke Philips's revenues was classified as EU Taxonomy-aligned, indicating that 0% of the revenue-generating activities undertaken by the company substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).
Insights into Koninklijke Philips's CAPEX from Sustainable Activities
In 2024, Koninklijke Philips reported EU Taxonomy-eligible CAPEX of EUR 688.56 million, representing 69% of its total CAPEX. Of this amount, EUR 2.77 million of Koninklijke Philips's CAPEX was classified as EU Taxonomy-aligned, indicating that 0.3% of the company's investments were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).
Koninklijke Philips's Taxonomy-Eligible Capex Over Time
- Total Taxonomy Aligned A1 Capex
- Total Taxonomy Eligible but Not Aligned A2 Capex
Have Koninklijke Philips's increased its investment in sustainable activities over time?
Since 2022, Koninklijke Philips's taxonomy-aligned capital expenditure (CAPEX) decreased by 70%, indicating a long-term decline in green capital deployment, potentially signaling shifting priorities or reduced focus on sustainability-linked investments.
Compared to the previous year (2023), Koninklijke Philips's taxonomy-aligned CAPEX decreased by 25%, suggesting that Koninklijke Philips may have scaled back investments in sustainable projects, reprioritized its capital deployment, or reduced transparency in its taxonomy-aligned disclosures.
How much of Koninklijke Philips's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2024, Koninklijke Philips reported that EUR 688.56 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 69% of the company's total CAPEX. Of this amount, EUR 2.77 million (0.3% of total CAPEX) was classified as Taxonomy-aligned. This means that 68.7% of Koninklijke Philips's CAPEX is eligible but not aligned, indicating that these investments either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).
How much of Koninklijke Philips's eligible CAPEX is aligned with the EU Taxonomy?
In 2024, Koninklijke Philips reported that EUR 2.77 million of its CAPEX was aligned under the EU Taxonomy, representing 0.3% of its total capital investment.
This low alignment reflects that Koninklijke Philips is beginning to transition its capital allocation toward greener investments, but still retains substantial opportunities for further alignment with sustainability goals.
Koninklijke Philips's Eligibility & Alignment Overview
Koninklijke Philips's Contribution to Environmental Objectives
- Total Taxonomy Aligned A1 Capex
- Total Taxonomy Eligible but Not Aligned A2 Capex
How is Koninklijke Philips's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2024, Koninklijke Philips reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectives:
- Climate Change Mitigation: 0.3%
- Climate Change Adaptation: 0%
- Sustainable Use and Protection of Water and Marine Resources: 0%
- Transition to a Circular Economy: 0%
- Pollution Prevention and Control: 0%
- Protection and restoration of biodiversity and ecosystems: 0%
How much Koninklijke Philips is investing in climate-related solutions?
In 2024, Koninklijke Philips allocated EUR 2.99 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 0.3% of the company's total capital expenditure, indicating that Koninklijke Philips has only marginally directed its capital expenditure toward climate-related activities, suggesting limited alignment with climate objectives.
Insights into Koninklijke Philips's OPEX from Sustainable Activities
In 2024, Koninklijke Philips reported EU Taxonomy-eligible OPEX of EUR 1.92 billion, representing 85.7% of its total operating expenses (OPEX). Of this amount, EUR 0 of Koninklijke Philips's OPEX was classified as EU Taxonomy-aligned, indicating that 0% of the company's operating expenses were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).