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INCLUSION, DIVERSITY, AND EQUITY CITIZENSHIP

DRIVING DIVERSITY THROUGH INCLUSION

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Inclusion, diversity and equity powers the potential of our people. It’s ingrained into how we operate—with every part of our organization contributing to its success and accelerating its progress.

We strengthen Medtronic by hiring and developing diverse talent, creating a culture of inclusivity, measuring our performance, and being transparent about our progress. Everyone contributes knowing they are making us more competitive as a company, which improves health for a greater number of patients in our global communities.

At the same time, to deliver equity, we recognize that we must move from offering the same to everyone (equality) and instead remove barriers by providing the right support for everyone to have the same opportunities (equity). We actively listen, learn, and advocate for dignity, creating a level playing field with broad opportunities for employees throughout Medtronic’s global footprint.

We lead the way from a strong foundation built on systems of accountability at every level. This includes inclusive hiring practices, robust career development and education, data analytics, quarterly diversity reviews and active, strong Diversity Networks and Employee Resource Groups.

As we look to the future, we seek ways to amplify our impact beyond our walls and get to the root cause behind lingering inequities. For example, we recently launched partnerships to address barriers in hiring and talent management processes - OneTen is focused on closing the “opportunity gap” that millions of Black Americans face, the Business Roundtable’s Multiple Pathways Initiative is looking at emphasizing skills and experiences in hiring talent management practices, and a partnership with the Thurgood Marshall Scholarship Fund is helping us foster stronger relationships with Historically Black Colleges and Universities.

Our performance in the social arena, including the environment we create for employees and our engagement with community partners, is at the core of our environmental, social, and governance (ESG) strategy and will remain a focus as we evolve and grow.

INCLUSION, DIVERSITY, AND EQUITY — FISCAL YEAR (FY20) 2020 HIGHLIGHTS

We continue to make strides in building an inclusive, diverse, and equitable workplace. In 2020 Medtronic:

  • Achieved 100% gender pay equity in a number of countries, including the United States and 99% gender pay equity globally. In the United States we also achieved 99% ethnicity pay equity and we are committed to closing all pay equity gaps
  • Earned the prestigious Catalyst award for our robust approach to supporting and accelerating progress for women in the workplace
  • Continued to evolve our development programs, expanding to include more styles of learning and stages of careers
  • Supported 22,000+ employees involved in 12 employee resource groups.
    • Our five Diversity Networks are focused globally on advancing the careers of women, LGBTQ+ and on ethnically diverse talent in the United States. Each Network is led by a member of the Executive Committee and has strategic goals aligned to business objectives.
  • Accelerated progress toward diverse representation:
    • Ethnically diverse talent held 23% of U.S. management and above positions at Medtronic
    • Globally, women represented 50% of our workforce, 39% of our management positions, and 32% of revenue-generating management functions

Read a summary of our 2020 corporate citizenship progress
Putting Purpose into Action — Supporting a Global Workforce

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