ETHICAL SUPPLY MANAGEMENT CITIZENSHIP

SHARING VALUES — EXTENDING OUR MISSION

 Two men dressed in business casual have a conversation in a laboratory while looking at a tablet.

Our suppliers are critical to our Mission. They enable us to create and deliver products and services that improve the lives of millions of people every year. It is important to us that the companies in our supply chain share our values — including our focus on quality, responsible business ethics practices, and corporate sustainability. Together we can make a lasting, positive difference to patients and to the communities and environment in which we operate.

Working together with more than 48,000 suppliers across 135 countries, we help uphold human rights, environmental stewardship, social responsibility, and product quality in several ways:

  • We provide a suite of protocols, tools, training, and support to help suppliers meet our stringent quality standards. 
  • Our Supplier Diversity Policy recognizes ten diverse supplier types, including small businesses and those owned by women, minorities, disabled, LGBTQ+ individuals, and veterans.
  • Our Global Supplier Standards describe the minimum social, ethical, and environmental requirements and expectations of our suppliers. We incorporate these standards into supplier selection and management processes, supplier agreements, and purchase order terms and conditions. 

RESPONSIBLE SUPPLY MANAGEMENT — Fiscal Year 2019 (FY19) HIGHLIGHTS

Our $11.5 billion supply chain is central to our ability to provide high-quality, life-improving products and services. In FY19 Medtronic:  

  • Directed 24% of United States supplier spend to small and diverse companies. Based on our FY18 investment of $1.7 billion in purchases from small and diverse businesses in the United States and Puerto Rico, we assessed our economic impact and found our partnerships helped support:   
    • $3 billion+ economic production activity 
    • 17,500+ jobs in the United States at small and diverse suppliers, lower-tier suppliers, and community businesses 
    • $1 billion+ wages and benefits earned through jobs supported by these businesses   
    • $943 million United States federal, state, and local taxes generated 
  • Delivered comprehensive responsible supply management training to employees in procurement and sourcing roles focused on labor and human rights issues — including human trafficking and slavery. 

Read a summary of our 2019 corporate citizenship progress
The Power of Purpose — Working Responsibly

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