02 Mar '12, 2am

Philips Churns Out Efficient Lighting, But People Keep Buying Old Bulbs

Philips Churns Out Efficient Lighting, But People Keep Buying Old Bulbs

In the last year, Philips surpassed a goal to sell more of what it calls "green products," introducing a whopping 4,000 new and efficient lighting products. But its plans to increase the efficiency of its overall portfolio remain hampered by strong demand for traditional lighting. Philips details its environmental performance and progress on sustainability goals in its 2011 annual report , which marks the first time the company combined sustainability details with the rest of its financials and corporate information. By 2015, Philips aims to increase the total energy efficiency of its products by 50 percent while also getting 50 percent of its sales from green products. Philips classifies goods as green products if they demonstrate at least a 10 percent improvement over their predecessor -- or a competing product -- in terms of energy efficiency, packaging, weight, recycli...

Full article: http://www.greenbiz.com/blog/2012/03/01/philips-churns-ou...

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