Setting an ambition to achieve net zero by fiscal year FY45
Climate science is complex, but the results are clear — the planet is changing with global consequences. Promising renewable energy opportunities require bold action, transparency, and accountability.
We know a healthy society depends on a healthy environment, and vice versa. By reducing our carbon footprint and collaborating within our industry, we are investing in the health of our company and people, the communities we serve, and the planet.
Solar panel at a solar field that helps power the Medtronic Mounds View campus in Minnesota.
We aim to achieve net carbon neutrality across our operations by FY30 by maximizing our use of renewable energy and minimizing our direct (our own buildings, transportation, and production-related activities) and indirect (purchased or consumed electricity or heat) carbon dioxide emissions.
Our goal is to eliminate our direct and indirect emissions (scopes 1, 2, and 3) across our operations and our entire value chain to zero by FY45.
Ten new electric air source heat pumps at the Medtronic Parkmore facility in Ireland.
We’re making our manufacturing and distribution sites more energy efficient by upgrading our equipment and improving our processes. This reduces our energy consumption and improves our operational efficiency. In FY24, we saved 18,000 MWh through more than 40 energy efficiency projects.
An example of this is our Medtronic Parkmore facility in Ireland, where we:
Ten new electric air source heat pumps at the Medtronic Parkmore facility in Ireland.
In addition to using less energy, we also reduced our fuel and natural gas use by transitioning to renewable electricity. We are producing our own on-site energy with 39 renewable (solar, wind, and aqua thermal) projects and 10 alternative energy (cogeneration, trigeneration and fuel cell) projects worldwide in FY24.
Our facility in Tolochenaz, Switzerland, launched its aquathermal renewable energy project in FY22, after 14 years of work. The project installed a series of underground pipes that pull water from nearby Lake Geneva to a nearby site where heat pumps convert energy from the water temperature to warm or cool the air in buildings across the campus. The water is then returned to the lake with no impact to the local ecosystem while simultaneously reducing CO2 emissions.
The result? We cut carbon emissions by 80% at our Switzerland campus — from 820 tons per year to approximately 150 tons per year.
