The time to simply “address” racial and ethnic inequities has passed. Today, we partner to actively break down systemic inequities.
SOURCE: Medtronic
DESCRIPTION:
Deep-seated inequities affect millions of people every day. The problem is bigger than any one person, company, or movement can tackle alone. Nevertheless, our Mission motivates us to do our part to do more — to amplify our impact beyond the walls of our business and to create meaningful change.
Our unwavering commitment to inclusion, diversity, and equity at Medtronic means that we strive for zero barriers to equity. Through community partnerships, we build stronger solutions than we could build alone — solutions that promote long-term education, health, and economic opportunities for people of color, LGBTQ+ individuals, women, and other underrepresented groups.
Partnerships Advance Health Equity in Our Communities
The Medtronic Foundation, funded by Medtronic, focuses on improving lives for underserved communities and actively works with community partners to understand and address their needs. During COVID-19, the Medtronic Foundation asked what it could do to support our local communities and, specifically, ease disparities in care around the world.
Medtronic and the Medtronic Foundation donated $56 million during the pandemic, but our tailored, community-centered approaches extended our health equity impact beyond that obtainable through financial giving alone.
Working with established partners on the ground, such as AmeriCares and Direct Relief, the Medtronic Foundation supported temporary COVID-19 treatment sites and quarantine facilities, trained frontline health workers, and addressed vaccine hesitancy around the world.
In India and Brazil, the Medtronic Foundation combined financial support, donations of personal protective equipment (PPE), and employee volunteerism to help the underserved. Employees led a virtual volunteer “power hour,” during which they sent messages of support to colleagues in India and raised funds for India Association of Minnesota (IAM) and Goonj — two nonprofits working on relief efforts.
Partnerships Around the World
Our partner, Pavee Point, leveraged the Medtronic Foundation grant to support the Travellers, an indigenous, nomadic minority group in Ireland. Pavee Point gives the community access to health and financial services in hopes of driving more equitable change across the country.
Medtronic Australia is committed to reconciliation with Aboriginal and Torres Strait Island peoples, thus has implemented an official action plan to strengthen relations, respect, and health outcomes. In addition, our grants have supported native people’s organizations by providing self-contained, mobile dialysis units and increasing congenital rheumatic heart disease screenings for children.
Partnerships Diversify the Future of STEM
We strive to increase the number of women and Black and Indigenous people of color (BIPOC) in Science Technology Engineering and Math (STEM) educational programs to ensure diverse perspectives are represented in the healthcare technology industry’s future workforce.
The Medtronic Foundation recently collaborated with the Thurgood Marshall College Fund (TMCF) to create the Medtronic STEM Scholars Program. This scholarship program supports the next generation of doctors, engineers, and healthcare workers by offering scholarships to students at Historically Black Colleges and Universities (HBCUs) at the undergraduate and graduate levels. But the partnership is more than just money.
Medtronic employees go above and beyond to ensure that students have everything they need to earn and make the most of a STEM degree. Many of our employees have signed up to mentor TMCF scholars, create developmental curricula, and host career event showcases. In addition to supporting access to education through the Medtronic Foundation scholarships, Medtronic also has a partnership with TMCF for interns focused on creating an early career pipeline of diverse talent.
Partnerships to Break Down the Opportunity Gap
In places around the world, arbitrary circumstances based on race, ethnicity, zip code, and socioeconomic status can determine your opportunities in life. This is called “the opportunity gap.” Rather than all people having the chance to achieve to the best of their potential, the opportunity gap creates barrierswhen it comes to jobs, education, housing, and healthcare.
We know that to employ a diverse workforce, we must invest in access to education and think differently about the impact we can make through our hiring and our buying
As a founding member of OneTen, we’re working with other companies to hire one million Black Americans into skilled jobs with livable wages over 10 years. With this Multiple Pathways Initiative, we’re focused on emphasizing skills and experiences, as opposed to just academic credentials, in our recruiting.
And with Catalyst CEO Champions for Change partnership, we’re committed to advancing more women — particularly women of color — beyond entry-level and middle-management positions, into senior leadership positions, and onto boards.
Systemic Challenges, Long-term Solutions
Community partnerships help us turn intention into action. Rather than a one-time drop in the bucket, we are committed to partnering with others to create meaningful changes around the world. We know that for us to achieve our goals around equity, we must address systemic barriers. Our partnerships help reduce health disparities, increase diverse representation within STEM, and drive economic opportunities for underserved populations. We come together to create change — not just for today but for generations to come.
KEYWORDS: NYSE:MDT, Medtronic
