MINNEAPOLIS, Sep 08, 2011 (BUSINESS WIRE) --
Recognizing its leadership in meeting the needs of economic, environmental, and social stakeholders, Medtronic, Inc. (NYSE: MDT) has been named a member company in the Dow Jones Sustainability World Index (DJSI World) and the FTSE4Good Index Series. The DJSI World represents the top 10 percent of the largest 2,500 companies in the Dow Jones Global Total Stock Market. Medtronic was the largest addition to this year's DJSI World index as measured by market capitalization. All changes to the DJSI World will become effective with the open of the stock markets on September 19, 2011.
"Medtronic's inclusion on the DJSI World and FTSE4Good indices is an acknowledgment of the company's exemplary sustainability practices," said Omar Ishrak, Medtronic chairman and CEO. "Through our initiatives that address environmental stewardship, chronic disease and other issues, Medtronic is helping society while creating long-term sustainable value for all of our stakeholders."
An example of one of Medtronic's environmental policy successes is the company's Global Print Policy. This program made a positive environmental impact and saved the company almost $18,000 a month at its Twin Cities, Minneapolis locations. Global implementation is expected to yield over $6 million in annual savings when it's completed in 2011. For more information about the company's programs, access the 2011 Medtronic Corporate Citizenship Update at http://www.medtronic.com/2011CitizenshipUpdate/index.html.
Launched in 1999, the DJSI are the first global indexes tracking the financial performance of the leading sustainability-driven companies worldwide. Today, the index family has approximately USD 8 billion in assets under management in a variety of financial products including mutual funds, separate accounts, notes and exchange-traded funds (ETFs). With approximately 60 licenses, the DJSI have been linked to financial products in 16 countries, an indication of investors' increasing appetite to utilize the index as a means to reflect their sustainability convictions within their portfolios. For more information about the DJSI, visit http://www.sustainability-indexes.com.
The FTSE4Good Index Series measures the performance of companies that meet globally recognized corporate responsibility standards, and facilitates the investment in those companies. It is calculated by the global index provider FTSE Group. For more information about the FTSE4Good Index Series, visit http://www.ftse.com/ftse4good.
ABOUT MEDTRONIC
Medtronic, Inc. (www.medtronic.com), headquartered in Minneapolis, is the global leader in medical technology--alleviating pain, restoring health, and extending life for millions of people around the world.
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.
SOURCE: Medtronic, Inc.
Medtronic, Inc. Steve Cragle, 763-505-2345 Public Relations or Jeff Warren, 763-505-2696 Investor Relations