Lima, PERU – At the World Economic Forum on Latin America 2013, Royal Philips Electronics (NYSE: PHG, AEX: PHIA) will offer perspectives on how innovation will transform the healthcare landscape, during the panel ‘A Demographic Advantage?,’ to take place on April 24th, in which the CEO for Philips Latin America, Henk de Jong, will participate.
Under the theme “Delivering Growth, Strengthening Societies” a number of global and regional leaders will come together at the event to discuss crucial opportunities and challenges faced by Latin America. With the participation of a delegation of senior leaders, Philips demonstrates its commitment to addressing some of Latin America’s most important issues. The delegation is composed of Henk de Jong, CEO for Philips Latin America; Vitor Rocha, CEO for Philips Healthcare Latin America, Harry Hendriks, Global Head of Public and Government Affairs, Philips international; and Pascoal Koutras, President of Philips North Latin America Cluster.
One of the avenues to improve lives in the region is by leveraging innovation, an area in which Philips places great focus. The company recently conducted a study which unveils worldwide innovation gaps—the Meaningful Innovation Index. This 5,000 person, multi-country survey looks at people’s needs, attitudes and expectations, regarding innovation. A look at people’s preferences across different age groups and life stages shows an “Innovation Gap,” indicating opportunities for innovation in areas such as: protecting the environment, stress relief, education, preventative care and medical treatment.
In addition, Philips is deeply engaged in developing creative and sustainable uses of resources, having recently announced that Green Product sales reached 45% of its total sales (EUR 11.3 billion). The company’s investment in Green Innovation reached EUR 569 million last year, and directly relates to one the World Economic Forum’s program themes “Building resilience for sustainable development.”
“With a fast growing middle class, combined with rapid economic growth, energy needs in Latin America will continue to climb fast,” said Henk de Jong, CEO for Philips Latin America. “For this reason, Philips is committed to helping bring meaningful innovation to ensure a more efficient use of energy-related resources to enable the region to continue on a path of sustainable growth without endangering the prospects of future generations,” he added.
One of those key innovations is LED lighting. Lighting accounts for more than 19% of the world’s total electricity consumption, mostly from traditional Lighting. Philips is leading the LED revolution by helping create concrete solutions, such as the recently announced world’s most energy-efficient warm white LED lamp, which will cut in half the energy use of current LED lamps.
“From healthcare innovations to address the challenges related to Latin America’s changing demographics, to solutions to help the region better manage natural resources and improve the well-being of its population, Philips can be a significant contributor to the World Economic Forum’s key debates, and help the region continue its economic momentum and achieve its full potential,” added de Jong.