In addition, Philips was able to further reduce its operational carbon footprint by 5% compared to 2013.“Achieving our EUR 2 billion Green Innovation target ahead of time is a clear proof of accelerating sustainable business and value creation across the company.9 billion people, demonstrating solid progress towards our EcoVision commitments”, said Jim Andrew, Chairman of the Sustainability Board and Philips’ Chief Strategy Innovation Officer.Jim Andrew added: “We see that social and environmental considerations have become a crucial element in customers’ decisions and we believe that embedding circular economy principles into our businesses will offer us substantial new opportunities to accelerate our innovation and growth.\nFor example, in the city of Madrid, Spain, Philips will renew the city’s entire lighting system with 225,000 energy-efficient lights, making it the world’s largest street lighting upgrade to date.”.1 billion in 2014, representing a record level of 52% of total sales. Lighting increased its yearly investments, being the largest contributor to Green Innovation with EUR 255 million, mainly targeted at advancing Heating floor Suppliers the development of LED solutions. Another example is the new SENSEO® Up coffee machine, which effectively incorporates 13% of recycled plastics into its product design. In 2014, Philips invested EUR 463 million in Green Innovation and achieved its EUR 2 billion EcoVision program target a year ahead of time.The total product portfolio saw a slight increase of energy efficiency in 2014. In Healthcare, the Green Product portfolio expanded with seven new introductions to improve patient outcomes and access to care while reducing environmental impact.