Philips, a global leader in medical devices and diagnostics, has been making the world healthier and more sustainable through innovation for over a century. It aims to improve the lives of 3 billion people by 2025. How? Building on its innovative healthcare products and services, Philips is also innovating new financial solutions by focusing on circular economy ideas and leveraging its strong collaboration with financial partner DLL.
Philips and DLL have built a healthy synergy that spans several decades (see sidebar). They share many core values, including a strong commitment to the circular economy – developing sustainable models, like service based models and refurbished equipment that combine profitability with social benefits – and ultimately meet the needs of end customers.