Established 1947. New business structure in 2015 concentrating on Car Electronics (both the consumer market and Original Equipment Manufacturing) and on OLED lighting, and medical and health care devices. AV and DJ equipment businesses sold to Onkyo and KKR in 2014 with Pioneer brand name continuing on products.
In 2018 Philips was fined US$11.9 million after being found guilty of intervening to prevent retailers in 12 European countries from selling its products below its recommended resale prices. Aside from price fixing, the company also rejected orders from retailers who wanted to sell across borders within the EU, thereby sustaining different pricing in different countries.
[Source 2018][More on Governance]
This company has corporate social responsibility claims on its website. The company's 2015 report includes policies, systems and actions in business activities, customer satisfaction, environmental activities, employee rights and social contribution.
[Source 2016][More on Sustainability Reporting]
In 2018, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change Score of C.
[Source 2018][More on Climate Change]
|Company Structure||Public company|
|Revenue||US$4.2 billion in 2015|
|# Employees||19,404 in 2015|
|Subsidiaries||Pioneer Electronics Australia Pty Ltd|