Philips partners with C2FO to deliver low-cost early payment to suppliers of all sizes
Philips, the multinational health technology company, has the same forward-thinking approach to ESG initiatives as it does to its technological innovation. With the roll-out of a solution to support its suppliers’ cash needs that offers fair and affordable access to liquidity on demand, Philips stands proud with the Highly Commended accolade in the TMI 2021 Treasury4Good Award for Best Sustainable SCF Solution.
Best Sustainable SCF Solution
Dutch multinational health technology company Philips’ focus on its responsibility towards society drives its determination to embed sustainability in every aspect of its business. Its supplier sustainability programme has ambitious goals to see at least 50% of its suppliers committing to science-based targets for CO2 emissions reduction by 2025. This ambition is matched by an equally powerful sense of responsibility to consider the financial health of all of its suppliers.