Medtronic has been named one of America's most JUST companies, ranking 29th overall on the 'Forbes JUST 100' list and first in its industry category of Healthcare Equipment and Services.
This placement recognizes companies doing right by all their stakeholders – workers, customers, communities, the environment, and shareholders – as defined by the American public.
"Our deep commitment to global corporate citizenship drives everything we do," said Geoff Martha, Medtronic Chief Executive Officer. "Medtronic has never been more focused on our purpose or clearer on our role as a responsible corporate citizen."
Recognised for COVID-19 response and inclusion initiatives
Notable contributions that improved Medtronic's overall ranking and outperformance against peers on the JUST 100 list include the company's global response to COVID-19 and its focus on putting employees first by advancing inclusion, diversity and equity; paying a fair, livable wage; investing in training and workforce safety; and upholding basic human rights across its supply chain.
Mobilizing quickly to support patients, customers and employees
Using its mission as a roadmap, Medtronic mobilized to quickly respond to the pandemic with a focus on patients, customers and employees. To increase global access to ventilators, the company increased production fivefold and took the unprecedented step of publishing open-source design specifications for its portable, compact ventilator, in essence giving away the designs for free.
The company provided vital products and therapies, turned competitors into collaborators, and kept employees and frontline healthcare workers safe.
Additionally, Medtronic and the Medtronic Foundation giving in response to the global pandemic totals more than $45M.
Medtronic received further recognition for its COVID-19 response when Fortune announced that the company had been selected for the 'Change the World' list of 53 global companies.
Creating an inclusive, diverse and equal workplace for everyone
Medtronic aspires to create a truly inclusive, diverse, and equitable workplace that fosters innovation and creativity, and where every employee feels a sense of belonging and well-being.
In fiscal year 2020 the company reported achieving 100% gender pay equity in many countries, including the U.S., and 99% gender pay equity for employees globally – and is committed to closing all remaining gaps.
Diversity and community intersect in the company's supply chain, where Medtronic spends billions of dollars with historically underrepresented business owners.
In fiscal year 2020 Medtronic directed about $627 million of its U.S. supplier spend to diverse-owned companies, an increase of more than 10% compared to the prior year.
Work for a company committed to corporate citizenship
Medtronic alleviates pain, restores health and extends life for millions of people around the world - driving positive change on a global scale across the most critical environmental, social, and governance challenges its business - and the world - face today.
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Disclosure: Where Women Work researches and publishes insightful evidence about how its paid member organizations support women's equality.