Philips

Philips Respironics, Magnavox, Saeco, Strand Lighting, Philips Records
The Netherlands
Health Care Equipment and Services, Pharmaceuticals Biotechnology and Life Sciences

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

Philips, a Dutch conglomerate company, has not publicly canceled customers, suppliers, or vendors based on views or beliefs, despite its pledge to vet vendors for LGBTQ policies. By complying with Human Rights Campaign’s controversial demands, Philips increases the risk of dividing employees, alienating customers and harming shareholders. The company covers transgender-related medical costs for its employees and their children and provides specific sexual orientation and gender identity-based benefits. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. Philips forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. Philips integrates ESG into its business practices and will not make donations to religious organizations. The company's CEO signed Catalyst's Champions for Change pledge. Philips is a member of the CEO Action Group and signed the Health Sector Climate Pledge, committing itself to achieve net zero emissions by 2050. For these reasons, Philips receives a High Risk rating.

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