Royal Philips of the Netherlands is a diversified technology company focused on improving people's lives through meaningful innovation in the areas of healthcare, consumer lifestyle and lighting. Headquartered in the Netherlands, Philips employs approximately 114,000 employees with sales and services in more than 100 countries. The company was established in 1891 and is today a leader in cardiac care, acute care and home healthcare, energy-efficient lighting solutions and new lighting applications, as well as male shaving and grooming and oral healthcare. With a yearly spend of EUR 1.8 billion in R&D, Philips manages a dynamic portfolio of more than 40 businesses with 59,000 patents. Philips is recognized as a leader in the Carbon Disclosure Project Global 500 Carbon Leadership Index 2013 and as a Top 50 Best Global Green Brand by Interbrand in 2013.