Royal Philips: A Sustainable Finance Case Study

Erasmus Platform for Sustainable Value Creation, 2018

31 Pages Posted: 19 Jan 2019 Last revised: 2 Jul 2019

See all articles by Willem Schramade

Willem Schramade

RSM Erasmus University; Sustainable Finance Factory

Dirk Schoenmaker

Rotterdam School of Management, Erasmus University; Erasmus Research Institute of Management (ERIM); Centre for Economic Policy Research (CEPR)

Date Written: January 10, 2019

Abstract

This case study offers a list of questions that allow analysts to integrate sustainability into investment analysis by connecting sustainability to business models, competitive position, strategy and value drivers. For illustrative purposes, the questions are answered for Royal Philips, an advanced company in terms of sustainability reporting and thinking. The case highlights the need for fundamental analysis (that is, going well beyond ESG ratings) to properly assess a company’s transition preparedness, which we deem the essence of corporate sustainability.

Keywords: Sustainable Finance, ESG Factors, Case Study

JEL Classification: G24, G32, G34

Suggested Citation

Schramade, Willem and Schoenmaker, Dirk, Royal Philips: A Sustainable Finance Case Study (January 10, 2019). Erasmus Platform for Sustainable Value Creation, 2018, Available at SSRN: https://ssrn.com/abstract=3313336

Willem Schramade

RSM Erasmus University ( email )

P.O. Box 1738
Room T09-53
3000 DR Rotterdam
Netherlands

Sustainable Finance Factory ( email )

18
Rotterdam, 3034 SG
0682011037 (Phone)

Dirk Schoenmaker (Contact Author)

Rotterdam School of Management, Erasmus University ( email )

P.O. Box 1738
Room T08-21
3000 DR Rotterdam
Netherlands

HOME PAGE: http://www.rsm.nl/people/dirk-schoenmaker/

Erasmus Research Institute of Management (ERIM) ( email )

P.O. Box 1738
3000 DR Rotterdam
Netherlands

Centre for Economic Policy Research (CEPR) ( email )

London
United Kingdom

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