Philips is a diversified and multinational corporation. As a world leader in healthcare, lifestyle and lighting, Philips integrates technologies and design into people-centric solutions, based on fundamental customer insights and the brand promise of “sense and simplicity”. The company was founded in Holland in 1891, and has since patented more than 80,000 technologies on its way to becoming one of the best valued companies in the world. Now a Fortune 500 company, Philips also supports movements for environmental protection. For example, Philips has created a roadmap to incrementally reduce the use of harmful chemical elements in their product packaging and production processes.