DUBLIN, Oct. 14, 2020 /PRNewswire/ -- Medtronic plc
(NYSE:MDT), the global leader in medical technology, has been named
one of America's most JUST companies, ranking 29th overall on the
'Forbes JUST 100' list for 2021 and first in its industry
category of Healthcare Equipment and Services. This placement
recognizes companies doing right by all their stakeholders –
workers, customers, communities, the environment, and shareholders
– as defined by the American public.
Notable contributions that improved Medtronic's overall ranking
and outperformance against peers on the JUST 100 list include:
- The company's global response to COVID-19.
- The company's focus on putting employees first by advancing
inclusion, diversity and equity; paying a fair, livable wage;
investing in training and workforce safety; and upholding basic
human rights across its supply chain.
Meeting an Unprecedented Challenge with an Unprecedented
Response
Using its mission as a roadmap, Medtronic mobilized
to quickly respond to the pandemic with a focus on patients,
customers and employees. To increase global access to ventilators,
the company increased production fivefold and took the
unprecedented step of publishing open-source design specifications
for its portable, compact ventilator, in essence giving away the
designs for free. The company provided vital products and
therapies, turned competitors into collaborators, and kept
employees and frontline healthcare workers safe. Additionally,
Medtronic and the Medtronic Foundation giving in response to the
global pandemic totals more than $45M.
Recognizing the Personal Worth of All Employees
Medtronic aspires to create a truly inclusive, diverse, and
equitable workplace that fosters innovation and creativity, and
where every employee feels a sense of belonging and well-being. In
fiscal year 2020 the company reported achieving 100% gender pay
equity in many countries, including the U.S., and 99% gender pay
equity for employees globally – and is committed to closing all
remaining gaps. Diversity and community intersect in the company's
supply chain, where Medtronic spends billions of dollars with
historically underrepresented business owners. In fiscal year 2020
Medtronic directed about $627 million
of its U.S. supplier spend to diverse-owned companies, an increase
of more than 10% compared to the prior year. Read more in the
Medtronic 2020 Integrated Performance Report.
"Our deep commitment to global corporate citizenship drives
everything we do," said Geoff
Martha, Medtronic chief executive officer. "Medtronic has
never been more focused on our purpose or clearer on our role as a
responsible corporate citizen."
The annual JUST 100 rankings evaluate the 1,000 largest public
U.S. companies across 19 issues and reflect attitudes toward
responsible corporate behavior. This year's rankings also
incorporated corporate performance on key issues related to the
COVID-19 pandemic, such as providing hazard pay, paid sick leave,
and community support. Read more about the JUST 100
methodology.
Medtronic Ranks #13 on Fortune's 2020 'Change the World'
List
In September, Fortune announced that Medtronic had been
selected for the 2020 'Change the World' list of 53 global
companies. Fortune's annual list ranks companies on four criteria:
measurable social impact; business results; degree of innovation;
and corporate integration. The 2020 ranking for Medtronic is a
first, with Fortune noting Medtronic made the 2020 list because of
its swift efforts to mobilize its global supply of ventilators
during the COVID-19 pandemic. Read more about Fortune's Change the
World list methodology.
Learn more about Medtronic corporate citizenship at
www.Medtronic.com/citizenship.
About Medtronic
Medtronic plc (www.medtronic.com),
headquartered in Dublin, Ireland,
is among the world's largest medical technology, services and
solutions companies – alleviating pain, restoring health and
extending life for millions of people around the world. Medtronic
employs more than 90,000 people worldwide, serving physicians,
hospitals and patients in more than 150 countries. The company is
focused on collaborating with stakeholders around the world to take
healthcare Further, Together.
Contacts:
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Public
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SOURCE Medtronic plc