Medtronic: Helping Lead the Way in Packaging Waste Reduction

November 04, 2023 03:10 AM AEDT | By 3BL

Google News:

Medtronic: Helping Lead the Way in Packaging Waste Reduction — Image source: Kalkine Media

Recent News

AEG Celebrates the LGBTQIA + Community at the 2025 LA Pride Parade

What happens if AI can do everything better than humans?

Brookfield Infrastructure reportedly acquiring Hotwire for $7 billion

Nvidia GTC Paris is ’another bullish proof point’ long term - Morgan S...

As part of our commitment to operate sustainably, Medtronic is working to set an example for how our industry can reduce waste generated from the packaging of medical devices. And one way we do that is by making intentional design choices that optimize our use of packaging materials to avoid the unnecessary generation of waste.

The Medtronic Sustainability Development Center (SDC) continuously develops and introduces innovative and sustainable products and packaging. The team’s goal is to improve patient and community health and reduce life-cycle environmental impact. The SDC applies concepts like eco-friendly design, product circularity, and recyclability to meet and anticipate emerging regulatory requirements and to support customer requests.

By the end of our 2025 fiscal year, our ambition is to reduce packaging waste on select product linesⁱⁱ by 25%. While seemingly straightforward, reducing packaging waste in a highly regulated industry is anything but. Required information and packaging alone make this challenging. Let’s put the potential impact into context.

How much is 25% of packaging waste, really?

Small changes lead to a big impact. Executing on this goal is projected to lead to a reduction of approximately 130 tons of packaging material.

This amount is roughly equivalent to the weight of more than 60 cars, 400 suitcases (before they’re packed!), or about 2,000 iPads.

And we’re just getting started. The next step in this waste reduction journey is looking further into product circularity and life cycle design. This could be keeping product packaging in use for as long as possible or recovering packaging materials to make new packaging.

And when it comes to sustainability commitments, packaging waste is just one piece of the puzzle. There are a number of ways we’re working to influence sustainability in our industry and reduce our environmental impact. You can learn more about our commitments to the planet here and in our 2023 Sustainability Report.

*Internal Medtronic data
ⁱⁱ The product lines include: Tri-Staple; Polysorb; Absorbatack; Spinal Implants; and Pulse Oximeter

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.