Medtronic
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OVERALL |
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Owned |
IRL |
Rating |
N/A |
Medical equipment
The world's largest medical device company. Operates primarily in the USA, but is headquartered in Ireland for tax purposes.
Medtronic plc | IRL | website |
Company Assessment
PRAISE | CRITICISM | INFORMATION | ||
Medtronic plc | ||||
JUST Capital polls Americans every year to identify the issues that matter most in defining just business behaviour. For their 2024 rankings the public identified 20 issues, which are organised under the headings Workers, Communities, Customers, Shareholders and Environment. JUST Capital then define metrics that map to those issues and track and analyse the largest, publicly traded U.S. companies. This analysis powers their rankings, in which this company ranked 40th of 937 companies, and 2nd of 52 Medical Equipment & Services companies.
Source: JUST Capital (2024)
This company is listed as having best practice on a report card on lesbian, gay, bisexual and transgender equality in corporate America.
Source: Human Rights Campaign (2021)
In 2023, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to manage and govern freshwater resources. Responding companies are scored on six key metrics: transparency; governance & strategy; measuring & monitoring; risk assessment; targets & goals; and value chain engagement. This company received a CDP Water Security score of B-.
Source: CDP (2023)
This company received an S&P Global ESG Score of 65/100 in the Health Care Equipment & Supplies category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 21 Oct 2022). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
Source: S&P Global (2022) |
In December 2018 this company entered into three separate legal resolutions with the US Justice Department, including a gullty plea and $50.9m in civil settlements. The three cases involved schemes to promote sales of medical devices made by subsidiaries ev3 and Covidien and occurred before they were acquired by Medtronic in 2016.
Source: Star Tribune (2018)
In December 2016 a Chinese regulator fined a local unit of this company 118.5 yuan ($17.2m) for price fixing. The National Development and Reform Commission (NDRC) announced the result after an investigation for monopolistic behaviour related to their cardiovascular and diabetes medical device products. The NDRC found monopolistic behaviour with the company's distributors and local partners to fix prices and set lower limits on the resale prices to hospitals.
Source: Reuters (2016) |
In 2022 the median pay for a worker at this company was US$78,244. The CEO was paid 215 times this amount. Exorbitant CEO pay is a major contributor to rising inequality. CEOs are getting more because of their power to set pay, not because they are increasing productivity or possess specific, high-demand skills. The economy would suffer no harm if CEOs were paid less (or taxed more). In contrast, the CEO-to-typical-worker compensation ratio was 20-to-1 in 1965 and 58-to-1 in 1989.
Source: AFL-CIO (2023)
As You Sow's 2021 report, 'The 100 Most Overpaid CEOs', reveals the 100 most overpaid CEOs from USA's 500 largest public companies (as determined by the S&P 500 list). This company's CEO, Omar Ishrak came in at number 96 on the list, having been paid US$17,796,325 in 2020. According to the report, "Most CEOs have come to be grossly overpaid, and that overpayment is harmful to the companies, the shareholders, the customers, the other employees, the economy, and society as a whole."
Source: As You Sow (2021)
This company is a member of the Responsible Minerals Initiative (formerly the Conflict-Free Sourcing Initiative), which helps companies address conflict minerals issues in their supply chains. The RMI provides information on conflict-free smelters and refiners, common tools to gather sourcing information, and forums for exchanging best practices on addressing conflict minerals. Membership is open to companies that use or transact in tantalum, tin, tungsten or gold (3TG). Founded in 2008 by members of the Electronic Industry Citizenship Coalition and the Global e-Sustainability Initiative.
Source: RMI (2019)
This company has global corporate citizenship claims on its website, including efforts in the areas of promoting environmental stewardship, and community support.
Source: company website (2020)
In 2023, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change score of C.
Source: CDP (2023)
As You Sow's 2019 report, Mining the Disclosures, is a deep analysis of 215 companies' human rights performance in relation to sourcing conflict minerals from the Democratic Republic of the Congo (DRC). This company's score was 58.7% (Adequate).
Source: As You Sow (2019)
This company received a score of 50/100 in the Newsweek Green Ranking 2017, which ranks the world's largest publicly traded companies on eight indicators covering energy, greenhouse gases, water, waste, fines and penalties, linking executive pay to sustainability targets, board-level committee oversight of environmental issues and third-party audits. Ranking methodology by Corporate Knights and HIP Investor.
Source: Newsweek (2017) |
Company Details
Type | Public company |
Founded | 1949 |
Contact Details
Address | Dublin, Ireland |
Website | medtronic.com |