Philips confirmed it had delivered on its carbon neutral ambition at the beginning of 2021. It has developed a programme that links to its full value chain, ranging from EcoDesign to energy-efficiency improvement measures especially in the use phase of products, on-site renewables, green electricity sourcing to green logistics. One lighthouse project that Philips worked on related to the sourcing of green electricity through so-called Power Purchase Agreements. Together with DSM, Google and Nouryon (formerly AkzoNobel Specialty Chemicals) it founded the Dutch Wind Consortium. Subsequently, the Consortium closed two Power Purchase Agreements in the Netherlands, with the Krammer and Bouwdokken windfarms in the Zeeland province. A case study on this unique consortium has been written by the Business Renewable Centre and the Rocky Mountain Institute.
In addition, Philips, Heineken, Nouryon and Signify formed the first consortium to sign a Pan-European green energy deal in 2020, securing additional renewable electricity for Europe. The four companies have a shared vision to further reduce CO2 emissions in support of the UN Paris Agreement and the European Green Deal objectives. The companies joined forces to support the development of 35 wind turbines in the Mutkalampi municipality in Finland, which is scheduled for completion in 2023. As part of the consortium, Philips secures renewable electricity supply to power its European operations for a 10-year period.