Sustainability at Medtronic

Innovating for life.!

MEI Business and Environment Conference

Doug Fullen Director of Medtronic Environmental, Health and Safety

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Revenue $15 B Employees 38,000 Countries 120 Locations 270

Medtronic 2010 Overview

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Treating Many Chronic Conditions

Cardiac Rhythm Disorders

Cardiovascular Disease

Spinal Conditions and Musculoskeletal Trauma

Neurological Disorders

Urological and Digestive Disorders

Diabetes

Ear, Nose and Throat Conditions

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Medtronic Environmental Mgmt Journey

Business Opportunity

Value-Added

Compliance

Reactive

Unaware

COST

Governance/Systems

Infrastructure Development

HEART Implementation

Development of EHS Websites and Tools

Commitment to Investors

Mgmt System Standard

Corporate Audit Program

Environmental Sustainability Policy

Waste reduction, improved efficiency – receive sustainability awards

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Environmental Sustainability Policy •  Eliminating Waste •  Reusing and Recycling Materials •  Purchase Sustainable Products •  Conserving Natural Resources •  Promoting Energy Efficiency •  Enhancing New Building

Construction and Facility Modification

Bill Hawkins Medtronic Chairman and CEO

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Environmental Goals and Progress Assessing Our Progress Against our 2013 Goals

FY2010 % CHANGE FY2007 TO FY2010 REDUCTION STATUS

Non-Regulated Waste (Tonnes/$Billion Revenue) 768 -13% -5% ACHIEVED

Regulated Waste (Tonnes/$Billion Revenue) 86 -10% -5% ACHIEVED

Volatile Organic Compound Emissions (Tonnes/$Billion Revenue)

8.5 -38% -10% ACHIEVED

Energy Use (MWh/$Million Revenue) 30.4 -18% -10% ACHIEVED

CO2 Emissions (Tonnes/$Million Revenue) 14.3 -18% -10% ACHIEVED

Water Use (Cubic Meters/$Million Revenue) 76 -32% -10% ACHIEVED

•  Twin Cities facilities reduced energy use by 24% via conservation •  Galway, Ireland facility reduced VOC emissions by 3.5M pounds or 40% •  Tempe, AZ facility reduced water use by 50% or 46M gallons/year

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Medtronic has reduced millions of pounds of waste and saved $16M in the last two years

Medtronic Sustainability Award – Sponsored by Chairman & CEO

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“Go Green for Life”

Employee Website •  Provides visibility to all areas

of the company on sustainability successes

•  Supported by executive leaders

•  Company-wide approach

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Sustainability Helps Drive Growth and Innovation

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Questions?

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Global Leadership in Addressing

Chronic Disease

Collaborative Culture of Innovation

Total Employee Engagement

Progressive Environmental Stewardship

Progressive Environmental Stewardship is a Pillar of Our Corporate Citizenship Vision

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External Recognition and Awards

AWARD YEAR(s) DETAILS

Newsweek “Green Company” Rankings 2009 – 2010 Up from #66 in 2009 to #37 in 2010

Energy Star 2008 – 2010 Three locations in MN

Dow Jones Sustainability Index 2008 – 2010 Three consecutive years

MN Governor’s Environmental Award 2007 Reduced packaging and product literature by

500,000 pounds and saved $2.3M

Certification to ISO 14001 2005 – 2010 Six locations

FSTE4Good Index 2004 – 2010 Seven consecutive years