On October 11, at the Human Capital Summit 2018 Philips CEO Frans van Houten co-signed an open letter, to the world community highlighting the need for greater investment in human capital – the knowledge, skills, and health that people accumulate throughout their lives – through better nutrition, health care, education, jobs and skills. The publication of the open letter coincided with the launch of the World Bank Group’s Human Capital Index – a simple but effective metric for human capital outcomes such as child survival, early hard wiring of children for success, student learning, and adult health. Philips has made a commitment to improve the lives of 3 billion people by 2030. We are working with the World Bank Group (among others) to reach this goal.

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