What is Diversity?

What Diversity and Inclusion means to Philips

At Philips, the term Diversity symbolizes our recognition that our workplaces, marketplaces and communities are made up of individuals: men and women from different nations, cultures, ethnic groups, generations, backgrounds, skills, abilities and all the other unique characteristics that make each of us who we are. We can better understand our customers and better identify their needs when we have a diverse workforce that mirrors our worldwide customer base. The term Inclusion symbolizes an environment where everyone can fully participate in creating business success, and where each person is valued for his or her distinctive talents (skills, experiences, perspectives, etc) An inclusive working environment engages people, enhances decision making, and increases creativity and innovation in support of our vision and brand positioning.

Diversity and Inclusion approach

• Vision: One Philips, many different faces
• Mission: To embrace and contribute to an innovative culture by creating an inclusive working environment with diverse workforce. To help us build Diversity and Inclusion into competitive advantage.

Key enablers

• Building awareness of diversity and inclusion throughout Philips
• Linking and integrating Diversity & Inclusion to existing key processes

Approach: Focus on establishing Inclusive Leadership as part of the overall Leadership umbrella. Do so through established and sustained partnerships with all businesses/regions, focusing on behavioral change and activities that can be replicated in all businesses/regions