Medtronic Recognized as a Leader in Corporate Sustainability for 13th Consecutive Year

Strategic Insights -

Medtronic has been recognized as one of the world's leading companies for sustainability with its inclusion in the Dow Jones Sustainability North America Index (DJSI North America) for the 13th consecutive year. This prestigious ranking considers companies' performance across various sustainability criteria, including economic performance, environmental stewardship, social responsibility, and corporate governance. As a leader in medical technology, Medtronic's commitment to sustainability is focused on balancing long-term growth and profitability with creating value by working responsibly in all facets where its business intersects with society.

Key Takeaways:

  • Medtronic has been recognized as one of the world's leading companies for sustainability with its inclusion in the Dow Jones Sustainability North America Index (DJSI North America) for the 13th consecutive year.
  • The company's sustainability strategy focuses on balancing long-term growth and profitability with creating value by working responsibly in all facets where its business intersects with society.
  • Medtronic's sustainability performance areas include innovation and access to healthcare, product quality and patient safety, inclusion and diversity, ethical business practices, responsible supply management, employee engagement and development, human rights, and environmental stewardship.
  • The company has committed to being carbon neutral in its operations by fiscal year 2030, with an aggressive target to reduce greenhouse gas emissions by 50% by fiscal year 2025.
  • Medtronic has also committed to various new actions to advance its global inclusion, diversity, and equity work, including linking inclusion and diversity goals with compensation and advancement opportunities for all people managers in fiscal year 2022.
  • The company has been recognized for its initiatives for fostering a workplace in which women can advance, including being one of three recipients of the prestigious 2020 Catalyst Award.
  • Medtronic's sustainability priorities align to various tenets of the Medtronic Mission and contribute to the United Nations Sustainability Goals.

Statistics:

  • 100% gender pay equity in many countries, including the U.S. in fiscal year 2020
  • 99% gender pay equity for employees globally in fiscal year 2020
  • $12 million investment in renewable energy credits (RECs), carbon offsets, and virtual power purchase agreements (VPPAs) in 2020 to support the company's goal to be carbon neutral by 2030
  • 50% reduction in greenhouse gas emissions by fiscal year 2025 compared to fiscal year 2020

Sources:

  • Medtronic plc, press release, "Medtronic Recognized as a Leader in Corporate Sustainability for 13th Consecutive Year"
  • Dow Jones Sustainability Indices, website, "Dow Jones Sustainability Indices"
  • Medtronic plc, website, "2020 Integrated Performance Report"
  • FTSE, website, "FTSE4Good Index Series"
  • Catalyst, website, "2020 Catalyst Award Winners"