Company to highlight environmental, social, and governance (ESG) efforts in inaugural ESG Investor Briefing DUBLIN, Oct. 12, 2021 /PRNewswire/ -- Medtronic plc (NYSE:MDT) today released its fiscal...
Company to highlight environmental, social, and governance (ESG) efforts in inaugural ESG Investor Briefing
DUBLIN, Oct. 12, 2021 /PRNewswire/ -- Medtronic plc (NYSE:MDT) today released its fiscal year (FY) 2021 Integrated Performance Report: Engineering Impact and will share key updates at its inaugural ESG Investor Briefing, to be hosted on Oct. 13, 2021. The company also unveiled its refreshed brand with a new tagline, "Engineering the Extraordinary".
2021 Integrated Performance Report: Engineering Impact
The report shares Medtronic's approach and performance in key environmental, social, and governance (ESG) areas over the past year and announces new ESG performance targets for top sustainability focus areas, including:
Medtronic is also proactively addressing Product Stewardship through targets focused on packaging reductions:
"We see extraordinary possibilities to further increase our positive impact in the world," said Geoff Martha, Chairman and CEO, Medtronic. "Our environmental, social, and governance (ESG) efforts, combined with the passion of our 90,000-plus employees, drive better outcomes for our world through a healthier society and healthier planet. In FY21, we focused our ESG efforts to drive measurable impact on issues that accelerate access to healthcare technology, advance inclusion, diversity, and equity, and protect our planet."
Key ESG accomplishments in FY21
Accelerating access to healthcare technology: Medtronic remained steadfast in its ambition to accelerate access to healthcare technology through innovation:
To help reduce global health disparities, Medtronic:
Inclusion, diversity, and equity: Medtronic continued to drive ID&E through a refreshed ID&E strategy at the individual level, company level, and in the community:
Protecting the planet: Recognizing the connection between a healthy planet and human health, Medtronic continued to work toward its goal of achieving carbon neutral operations by FY30 and minimized its environmental footprint:
Inaugural 2021 ESG Investor Briefing
At Medtronic's first-ever ESG Investor Briefing, company leaders, including Chairman and CEO Geoff Martha and CFO Karen Parkhill, will highlight how the Medtronic sustainability strategy is strongly tied to the company's Mission and supports its long-term growth objectives of 5%+ organic revenue and 8%+ adjusted EPS. Presenters will discuss key ESG areas important to the company and its investors, including:
"Our ESG approach drives sustainable business performance, supporting achievement of our long-range strategies and financial objectives," said Karen Parkhill, Medtronic chief financial officer. "We closed fiscal year 2021 in April with notable progress on our ESG strategy. We're committed to delivering strong business results over the long-term, while boldly tackling the most challenging health problems facing humanity."
Refreshed Medtronic brand
As part of Medtronic's strategic plan for business success and societal impact, the company has revitalized its public-facing brand to effectively tell its story and engage stakeholders around the world.
"Medtronic's brand must be intentionally and thoughtfully tied to our business objectives and strategy. Our new brand reflects our goal to become the leading healthcare technology company and a cornerstone for societal change," said Torod Neptune, senior vice president and chief communications officer. "We'll think about healthcare differently and push that change forward by going beyond our medical devices that already serve millions. We will engineer extraordinary, next-generation healthcare technology – and enable access to that technology for populations all around the world."
To learn more about Medtronic progress on ESG priorities in its last fiscal year, download the full 2021 Integrated Performance Report: Engineering Impact and view these highlights. The company has also published an ESG Disclosure Index that references disclosures for the company's 14 material issues, aligning to reporting frameworks and standards from the Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB),Task Force on Climate-related Financial Disclosures (TCFD), and the World Economic Forum Stakeholder Capitalism Metrics.
The virtual Medtronic 2021 ESG Investor Briefing will begin at 11:30 a.m. CDT on Oct. 13, 2021, with company leadership making presentations and answering questions on its ESG program. Interested parties can access the live webcast by clicking on the Investor Events link at InvestorRelations.Medtronic.com. An archive of the event will be available on the same webpage later in the day.
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, cranial and spinal 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 all. 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.
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 plc