Philips (NYSE: PHG) wants at least half of its supply purchasing to come from companies that commit to science-based targets to reduce carbon dioxide emissions by 2025.
The health technology company said yesterday that the initiative would be seven times more impactful than Philips’ own carbon dioxide emission reductions.
The move comes as medical device companies are increasingly aware of the risk climate change poses to their businesses, supply chains and the health and safety of their employees and patients.
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