This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The Ellen MacArthur Foundation Announces Philips As A Global Partner At The Inaugural Circular Economy International Summit

LONDON, June 19, 2013 /PRNewswire/ --

The Ellen MacArthur Foundation today announced that Philips will become a partner for the next three years to help accelerate the transition to the circular economy.

Following the Foundation's successful founding partnerships with Renault, BT/Cisco (working together), Kingfisher and National Grid, Philips will join the ranks to trigger circular economy innovation within their own business and support the Foundation's work in education.

The announcement was made at the Foundation's Circular Economy 100 summit - the largest ever gathering of businesses, academics and entrepreneurs on the transition to the circular economy. As the Foundation and its founding partners work to build the new alliance of 100 corporations, emerging innovators and regions, news also came that Royal BAM, H&M, Unilever, Innoverne, and the Agency of Design are the latest members to join.

Dame Ellen MacArthur stated: " The circular economy provides a compelling framework for a regenerative economy, but the challenge still remains to transform the idea into action at scale. Philip ' s commitment both to support the Ellen MacArthur Foundation and focus internally on circular economy innovation will add considerable momentum to the transition " .

Frans Van Houten, CEO of Royal Philips explained ,  " At Philips we strive to make the world healthier and more sustainable through innovation. Our goal is to improve the lives of 3 billion people a year by 2025. For a sustainable world, the transition from a linear to a circular economy is a necessary boundary condition. A circular economy requires innovation in the areas of  material, component and product reuse, as well as related business models. By using materials more effectively economic growth will eventually be decoupled from the use of natural resources and ecosystems. In such an economy, the lower use of raw materials allows us to create more value. "

The summit hosted sessions from global leading business leaders and practitioners including Professor Dr. Michael Braungart & William McDonough (co-authors of Cradle to Cradle), Jeremy Oppenheim (Principal, McKinsey & Company), Walter Stahel (member of the Club of Rome and co-founder of Product life Institute) and Carlos Tavares (COO Renault Group).

About Royal Philips:

Royal Philips (NYSE: PHG, AEX: PHIA) is a diversified health and well-being company, focused on improving people's lives through meaningful innovation in the areas of Healthcare, Consumer Lifestyle and Lighting. Headquartered in the Netherlands, Philips posted 2012 sales of EUR 24.8 billion and employs approximately 116,000 employees with sales and services in more than 100 countries. The company is a leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as male shaving and grooming and oral healthcare. News from Philips is located at

SOURCE Ellen MacArthur Foundation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs