MINNEAPOLIS--([ BUSINESS WIRE ])--Medtronic, Inc. (NYSE:MDT) has released aInnovating for a Better World,a the companya™s 2010 Corporate Citizenship Report. The online report, which references Global Reporting Initiative (GRI) G3 Sustainability Reporting Guidelines, is available at [ www.medtronic.com/2010CitizenshipReport ] and provides a comprehensive review of the companya™s commitment to global economic, social, and environmental stewardship.
The report introduces four citizenship pillars -- Global Leadership in Addressing Chronic Disease, Collaborative Culture of Innovation, Total Employee Engagement, and Progressive Environmental Stewardship -- that define and guide Medtronica™s activities to achieve the greatest social and business impact.
Key fiscal year 2010 citizenship initiatives and accomplishments include:
Global Leadership in Addressing Chronic Disease
- Launch of pilot programs to expand access to cardiac therapy to patients in India.
- Launch of the Every Patient First initiative to eliminate healthcare disparity impacts in the United States.
- Total philanthropic contributions of $75.6 million to support health, education and community initiatives that address noncommunicable, chronic disease around the world.
Collaborative Culture of Innovation
- Launch of a Physician Registry, which voluntarily discloses payments made to healthcare professionals for royalties and consulting services.
- Spending $1.5 billion in research and development, with about 20 percent of that designated for new patient populations.
Total Employee Engagement
- Launch of Medtronic University, which provides learning resources to employees worldwide through an online education portal.
- Measurable reductions in the number of employees who smoke or are at-risk for cholesterol or glucose since the launch of our Total Health program.
Progressive Environmental Stewardship
- Reductions in air emissions, regulated waste, volatile organic compound emissions, energy use, CO2 emissions, and water use (normalized to revenue) compared to 2009.
- Launch of a Global Print Policy that reduced paper consumption at our Twin Cities, Minnesota, USA locations by 37 metric tonnes and is expected to yield $6.5 million in annual savings when completed in 2011.
About Medtronic
Medtronic, Inc. ([ www.medtronic.com ]), headquartered in Minneapolis, is the worlda™s leading medical technology company, alleviating pain, restoring health, and extending life for people with chronic disease.