DUBLIN, Nov. 15, 2021 /CNW/ -- Medtronic plc
(NYSE:MDT), a global leader in healthcare technology, today
announced its inclusion in the Dow Jones® Sustainability World
Index (DJSI World) as one of the world's leading companies for
sustainability. The DJSI World Index includes a select group of
companies based on their performance across a variety of
sustainability criteria, including economic performance,
environmental stewardship, social responsibility, and corporate
governance.
"As a mission-driven leader in healthcare technology, we see
extraordinary possibilities to further increase our positive
impact," said Geoff Martha,
Medtronic chairman and chief executive officer. "Our environmental,
social, and governance (ESG) efforts drive measurable impact on
issues that accelerate access to healthcare technology, advance
inclusion, diversity, and equity, and protect our planet."
"We congratulate Medtronic for being included in the Dow Jones
Sustainability Index (DJSI) for DJSI World and DJSI North America.
A DJSI distinction is a reflection of being a sustainability leader
in your industry. The record number of companies participating in
the 2021 S&P Global Corporate Sustainability Assessment is
testament to the growing movement for ESG disclosure and
transparency," said Manjit Jus,
global head of ESG Research, S&P Global.
ESG performance targets
This fiscal year (FY),
Medtronic has unveiled new ESG performance targets across its top
sustainability focus areas.
- Access and innovation: Medtronic set a vitality index
goal that by FY25, 20% of Medtronic revenue will flow from products
and therapies released in the prior 36 months. In addition, the
company has set a goal to accelerate access to healthcare by
serving 85 million patients annually by FY25.
- Inclusion, diversity and equity (ID&E): Medtronic
aims to have 45% of global management positions held by women and
30% of U.S. management positions held by ethnically diverse talent
by FY26.
- Product stewardship: By FY25, Medtronic targets to
reduce packaging waste for targeted high-volume products by 25%,
compared to a FY21 baseline. Additionally, by FY27, it aims to
minimize the impact of Instructions for Use (IFUs) through a 35%
paper reduction, compared to a FY21 baseline.
- Net zero carbon emissions: Last week, Medtronic
announced its ambition to achieve net zero carbon emissions within
its operations and across its value chain (scopes 1, 2, & 3) by
FY45, building upon its existing goal of reaching carbon neutrality
in its operations by FY30.
- Patient safety and product quality: Medtronic will
enhance product quality and patient experience by achieving a 10%
reduction in aggregate product complaint rate for identified
product families by FY25, compared to FY20.
Last month, Medtronic hosted its inaugural ESG investor
briefing, where company leaders highlighted how the Medtronic
sustainability strategy is strongly tied to the company's
Mission and supports its long-term growth objectives. A replay of
the event can be viewed on the company's website.
In addition to the Dow Jones Sustainability Index, Medtronic
also continues to be included in the FTSE4Good Index Series.
Companies in the FTSE4Good Index Series have met stringent
environmental, social and governance criteria, and are positioned
to capitalize on the benefits of responsible business practices.
More information can be found at
https://www.ftse.com/products/indices/FTSE4Good.
More information about Medtronic's comprehensive sustainability
efforts can be found in the 2021 Integrated Performance
Report and by visiting
https://www.medtronic.com/ourimpact.
About the Dow Jones Sustainability Indices
The Dow
Jones Sustainability Indices are a family of best-in-class
benchmarks for investors who have recognized that sustainable
business practices are critical to generating long-term shareholder
value and who wish to reflect their sustainability convictions in
their investment portfolios. The family was launched in 1999 as the
first global sustainability benchmark and tracks the stock
performance of the world's leading companies in terms of economic,
environmental and social criteria.
Created jointly by S&P Dow Jones Indices and SAM, the DJSI
combine the experience of an established index provider with the
expertise of a specialist in Sustainable Investing to select the
most sustainable companies from across 61 industries. More
information about the DJSI can be found at
https://www.spglobal.com/esg/performance/indices/djsi-index-family.
About Medtronic
Bold thinking. Bolder actions. We are
Medtronic. Medtronic plc, headquartered in Dublin, Ireland, is the leading global
healthcare technology company that boldly attacks the most
challenging health problems facing humanity by searching out and
finding solutions. Our Mission — to alleviate pain, restore health,
and extend life — unites a global team of 90,000+ passionate people
across 150 countries. Our technologies and therapies treat 70
health conditions and include cardiac devices, surgical robotics,
insulin pumps, surgical tools, patient monitoring systems, and
more. Powered by our diverse knowledge, insatiable curiosity, and
desire to help all those who need it, we deliver innovative
technologies that transform the lives of two people every second,
every hour, every day. Expect more from us as we empower
insight-driven care, experiences that put people first, and better
outcomes for our world. In everything we do, we are engineering the
extraordinary. For more information on Medtronic (NYSE:MDT), visit
www.Medtronic.com and follow @Medtronic on Twitter and
LinkedIn.
Dow Jones® is a registered trademark of Dow Jones Trademark
Holdings LLC
Any forward-looking statements are subject to risks and
uncertainties such as those described in Medtronic's periodic
reports on file with the Securities and Exchange Commission. Actual
results may differ materially from anticipated results.
Contacts:
|
|
|
|
Erika
Winkels
|
Ryan
Weispfenning
|
Public
Relations
|
Investor
Relations
|
+1-763-526-8478
|
+1-763-505-4626
|
View original content to download
multimedia:https://www.prnewswire.com/news-releases/medtronic-named-to-the-dow-jones-sustainability-world-index-301423570.html
SOURCE Medtronic plc