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Medtronic Releases 2010 Corporate Citizenship Report

^{Published on 2010-09-10 08:10:44 - Market Wire}
 

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.