Stryker Corporation

2825 Airview Boulevard, Kalamazoo, MI 49002

3.5

BPI
Financial Rating

4.1

BPI Stakeholder Rating

3.5

BPI Social Responsibility Rating

Stryker Corporation is a medical technology company. It produces and markets implants for joint replacement and trauma surgeries, as well as a number of equipment and systems for surgery, endoscopy, emergencies and patient handling, neurosurgical, neurovascular, and spinal devices, and a number of other medical device products for various medical specialties.

3.7

Overall Excellence Rating

Industry

Healthcare

Category

Medical Instruments & Supplies

ESG/Ethical Impact

We are prioritizing areas where we can have the most immediate impact, including energy use and emissions from our operations. Already we’ve built significant momentum, achieving our interim goal of 20 percent emissions reduction, compared to a 2019 baseline, two years ahead of schedule. Reaching this goal is an important milestone in achieving carbon neutrality for our Scope 1 (direct site emissions) and Scope 2 (purchased electricity) greenhouse gas (GHG) emissions by 2030. This target aligns with the guidance of the Science Based Targets initiative (SBTi) to limit warming to 1.5 degrees above pre-industrial temperatures. Our pathway to carbon neutrality depends on transitioning from fossil fuel-based to renewable electricity. Currently, 18 Stryker sites are powered by renewable energy, covering 33 percent of our global electricity needs. In Europe, we procure 88 percent of our electricity from renewable sources. In 2022, we announced a new goal for our global sites to be powered by 100 percent renewable electricity by 2027. This electricity will come from a combination of wind, solar, hydroelectric and other sources.Stryker’s employees are united by a common mission to make healthcare better. We focus on developing exceptional talent by celebrating our strengths and collaborating to win. We build meaningful relationships by caring for—and believing in—one another. We create a culture of belonging by valuing and leveraging diverse perspectives which, in turn, drives innovation and growth. Stryker’s leaders regularly review diversity metrics and share global representation data with employees. Leaders have performance objectives tied to strengthening the diversity of our workforce and advancing a culture of inclusion and belonging, which leads to more diverse teams and an environment that embraces diverse viewpoints. Stryker adopts policies, procedures and guidelines, which we review periodically, in pursuit of ethical business standards. We also provide appropriate levels of oversight by our Board, senior leadership and other members of management. In 2022, we made slight changes to certain Board Committee charters and our bylaws to stay current with new regulations, market trends and investor expectations. We also updated our bylaws to comply with the new universal proxy access rule for shareholder director nominations adopted by the U.S. Securities and Exchange Commission (SEC). Stryker regularly engages with shareholders and considers their proposals. Proposals come to a vote at our annual meeting when common ground is not found. Corporate governance information, including our bylaws, charters, guidelines and policies, is available on stryker.com, and we include details about governance topics in our proxy statement. We also provide periodic disclosures in our SEC filings.Stryker is a global leader in medical technology, offering products in orthopedics, medical, and surgical specialties. The company’s diverse portfolio contributes to its financial sustainability, and its focus on innovation drives revenue growth. Stryker’s medical devices and technologies improve patient outcomes and enhance healthcare provider efficiency. Its products, such as joint replacements and surgical tools, contribute to better patient mobility and surgical precision.Stryker is guided by our values of integrity, accountability, people and performance. Our Global Compliance and Privacy (GCP) program is informed by these values, along with laws, regulations, industry standards and the needs of our organization. Our Code of Conduct, policies and standards help our employees conduct business the right way. In January 2023, Stryker launched a refreshed Code of Conduct that incorporated significant changes to underscore our expectations of all employees and business partners. The updated Code encourages employees to apply ethical decision- making principles, rather than remember a lengthy set of rules. Within the Code, each topic begins with a guiding principle setting out the expected behavior and an explanation of why the topic matters to Stryker’s continued success, followed by practical examples for how to do what’s right. Our Code also emphasizes the importance of managers’ creating a “speak up” culture and leading by example.

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Awards Received

2023

Revenues

$18,400,000,000.00

Website Traffic

Employee Rating

4.1

Customer Rating

3.8

Company Size

10000+

ESG Risk Rating

3

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