Medtronic Sets Goal of Carbon Neutrality by FY30
October 13 2020 - 12:35PM
Dow Jones News
By Stephen Nakrosis
Medtronic PLC on Tuesday said it has set a goal of being carbon
neutral in its operations by its fiscal year 2030.
The company released its fiscal year 2020 Integrated Performance
Report, which it said "shares the company's approach to its most
significant environmental, social, and governance issues across
four global corporate citizenship and sustainability pillars."
The medical technology company said to achieve its FY30 goal of
carbon neutrality, it "has set aggressive new targets to reduce
greenhouse gas emissions by 50% by FY25 and will increase use of
renewable and alternative energy by partnering in virtual power
purchase agreements and investing in renewable energy credits and
carbon offsets."
"We have a responsibility to take immediate action to create a
sustainable future for our business, our communities, and our
planet," said Chief Executive Geoff Martha. "Becoming carbon
neutral by FY30 is one way we are reducing our environmental
footprint."
The company also said it will continue to advance its global
inclusion, diversity and equity work for its workers and the
communities where it works adding "the company will establish a new
governance framework for inclusion and diversity where executive
leadership is directly responsible for its success." Medtronic will
also "create standards to measure the company's long-term progress,
which will be reported and overseen by the Medtronic board," the
company said.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
October 13, 2020 12:20 ET (16:20 GMT)
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