5/19/2023 0 Comments Healthier together medtronicMedtronic partnerships with organizations such as OneTen, Multiple Pathways Initiative, Disability: IN, and Catalyst CEO Champions for Change helped address systemic inequities.Medtronic achieved 100% ethnically diverse pay equity in the United States, maintained 100% gender pay equity in the United States and many other countries, and achieved 99% gender equity for employees globally.people managers underwent training to recognize and mitigate unconscious bias. Beginning in FY22, ID&E performance will also be directly tied to the annual incentive plans for executive leadership. To create accountability, every Medtronic employee must set ID&E goals that are assessed during annual performance reviews. Medtronic is committed to ID&E, creating a culture with zero barriers to opportunity, where all employees belong, are respected, and feel valued for who they are and the life experiences they contribute. nonprofits focused on health and STEM education to address racial disparities and advance social justice in Black communities in the United States.Īdvancing inclusion, diversity, and equity The Medtronic Foundation committed $16 million to partnerships with U.S. In FY21, Medtronic launched new health equity strategies to reduce inequities in the utilization of healthcare technology by Hispanic Latino and Black communities, including partnerships with the American Diabetes Association and T1D Exchange to increase access to diabetes therapies. Medtronic set new ESG targets to push the boundaries of healthcare technology and improve the lives of 85 million patients annually by FY25.The company also invested nearly $70 million in global healthcare capacity training, reaching almost one million medical professionals.Medtronic invested $2.5 billion in research and development – the largest in company history – with a planned 10% increase in FY22 to bring new solutions to market that solve unmet healthcare needs.Medtronic engineers breakthrough healthcare technologies, while simultaneously developing new ways for the world to access them. The report details the company’s impact, shares new ESG targets, and reports on COVID-19 relief efforts.Īccelerating access to healthcare technology Medtronic focuses its ESG approach on driving demonstrable change on critical global issues, including accelerating access to healthcare technology, advancing inclusion, diversity, and equity (ID&E), and protecting the planet. With a focus on better outcomes for the world, Medtronic shares performance in key environmental, social, and governance (ESG) areas in the release of its fiscal year (FY) 2021 Integrated Performance Report: Engineering Impact. With 90,000+ employees in more than 150 countries, Medtronic is committed to further increasing its positive impact on some of society’s biggest challenges. The company delivers innovative healthcare technology, products, and services that improve the lives of two people every second. Medtronic, a global leader in healthcare technology, was founded with a mission designed to serve patients, healthcare partners, its employees, and its communities.
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