Circular Economy Snapshot: Philips Light as a Service
This brief case study from the National Zero Waste Council discusses how Philips, the Dutch lighting, healthcare, and customer life cycle company incorporated a circular economy business model by offering its product as a service. Phillips did this by offering a service to install LED lamp systems and implement smart energy meters and ultimately achieved 55% energy savings. Through the consistent improvement of their products and services, Philips has grown to be the world's largest lighting supplier.
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