Overall impact
B (64)

Commentary

Medtronic is a strong overall performer. With a 'B' rating of 63.7 for overall impact (71st percentile compared to all companies), Medtronic ranks 115th out of 194 industry peers, behind ConTIPI, Restoration Robotics, Corindus Vascular Robotics and 111 others, and ahead of Axonics Modulation Technologies, Star Equity Holdings, Bionik Laboratories and 76 others. On top material causes for Medtronic's industry (Health Care Equipment & Supplies), Medtronic performs well in Disease Eradication (81.6 score), Decent, Safe Work Opportunities (82.7), Decent, Safe Work Opportunities (82.7) and 16 other causes where it received an 'A' score and performs poorly in Accountable Institutions (24.8 score), Accountable Institutions (34.3), Child and Maternal Health (21.7) and 30 other causes where it received a 'D' or 'F' score.
Impact
Cause MDT
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Overall impact

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Company
Founded
1949
Employees
95,000
Sector
Health Care
Industry
Health Care Equipment & Supplies
Sub-industry
Health Care Equipment
SASB industry
Medical Equipment & Supplies
Headquarters
Mn, Ireland
Share classes
MDT
Mission
To contribute to human welfare by application of biomedical engineering in the research, design, manufacture, and sale of instruments or appliances that alleviate pain, restore health, and extend life.
Description
Medtronic plc develops, manufactures, and sells device-based medical therapies to healthcare systems, physicians, clinicians, and patients worldwide. The Cardiovascular Portfolio segment offers implantable cardiac pacemakers, cardioverter defibrillators, and cardiac resynchronization therapy devices; cardiac ablation products; insertable cardiac monitor systems; TYRX products; and remote monitoring and patient-centered software. It also provides aortic valves, surgical valve replacement and repair products, endovascular stent grafts and accessories, and transcatheter pulmonary valves; and percutaneous coronary intervention products, percutaneous angioplasty balloons, and other products. The Neuroscience Portfolio segment offers medical devices and implants, biologic solutions, spinal cord stimulation and brain modulation systems, implantable drug infusion systems, and interventional products, as well as nerve ablation systems under the Accurian name. The segment offers its products for spinal surgeons, neurosurgeons, neurologists, pain management specialists, anesthesiologists, orthopedic surgeons, urologists, urogynecologists, and interventional radiologists, as well as ear, nose, and throat specialists; and energy surgical instruments. The Medical Surgical Portfolio segment offers surgical stapling devices, vessel sealing instruments, wound closure and electrosurgery products, an AI-powered surgical video and analytics platform, robotic-assisted surgery products, hernia mechanical devices, mesh implants, gynecology products, gastrointestinal and hepatologic diagnostics and therapies, and therapies to treat other non-exclusive diseases and conditions; and patient monitoring and airway management products. The Diabetes Operating Unit segment provides insulin pumps and consumables, continuous glucose monitoring systems, and InPen, a smart insulin pen system. The company was founded in 1949 and is headquartered in Galway, Ireland.
Material causes
Ethos considers the following causes material for Medtronic, based on its industry sub-industry Health Care Equipment. Learn more about material causes in our methodology overview.

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