Sustainable products account for 78% of sales from lighting company Philips, the company behind the Dubai Lamp.
The business aims to deliver 80% of its total revenues through sustainable products, systems and services by 2020.
Philips also allocated 80% of its R&D spend in sustainable innovation.
One result of this was the Dubai Lamp, the world’s most energy-efficient commercially available LED lamp, which Philips Lighting developed together with the Dubai Municipality.
By replacing conventional lamps with the Dubai Lamp, electricity used for lighting can be reduced by up to 90%.