Overview and approach

Our mission
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Together with our customers, we are driven to make healthcare better.

Stryker is one of the world’s leading medical technology companies and, together with our customers, is driven to make healthcare better. We offer innovative products and services in Orthopaedics, Medical and Surgical, and Neurotechnology and Spine that help improve patient and hospital outcomes.


 

A message from our Chairman and CEO,
Kevin Lobo

 

2020 has been a year like no other. Keeping the fabric of Stryker’s unique company culture strong in this time of crisis has been our primary focus, and we remain driven by our mission and values.

Together we have evolved to face the challenges of COVID-19 and address the calls to action around diversity, equity and inclusion. Amidst these unprecedented drivers of change, we are mindful of the purpose of a corporation, as redefined by the Business Roundtable. Recognizing this purpose, we have turned to our Corporate Responsibility (CR) and Sustainability objective: to positively impact people and our planet through responsible, sustainable practices that create a better, healthier world.

We are pleased to share in this update a glimpse into our efforts, and we look forward to unveiling a comprehensive report, informed by the Sustainability Accounting Standards Board and Global Reporting Initiative, in spring 2021.

Our response to COVID-19

COVID-19 is a reminder that the heart of healthcare isn’t rooted in buildings and equipment. It’s about people. It’s about healthcare professionals and countless others who weren’t expecting a pandemic but whose character was always prepared. At Stryker, we have focused our efforts on the safety of our employees and their families, positively impacting our communities and meeting our customers’ needs when responding. Our actions have included:

  • We moved quickly to keep our employees and their families safe by restricting travel, issuing work from home guidance and establishing protocols to better protect employees in the field, our manufacturing plants and distribution centers.

  • We adapted to our customers’ needs, increasing production and innovation and leveraging in-house research and development experts to deliver products essential for the COVID-19 response.

  • We worked with our industry trade association and regulatory bodies to accelerate the authorization and approvals for personal protective equipment.

  • We changed the way we work, providing virtual medical education and engagement opportunities. 

Our culture of inclusivity

The social unrest and continued protests initiated in the United States and expanding around the globe remind us that racial inequities still afflict our world. We strive to foster a culture where all employees feel safe and included. We encourage and value differences inside and outside of our work environment. 

Leadership is ultimately accountable for diversity, equity and inclusion (DE&I) in the workplace. At Stryker, our senior leadership team is committed to programs and initiatives that support DE&I. That is why I signed the CEO Action for Diversity & Inclusion™ pledge in 2019, the largest CEO-driven business commitment to advance diversity, equity and inclusion. And, as Chairman of the AdvaMed Board of Directors, I will continue to drive the promotion of DE&I in the medical technology industry.

Within Stryker, we attract and develop diverse talent and maintain inclusive policies and practices. In this summary, you will read about our unconscious bias training and how we are turning to our employee resource groups to listen, and together strengthen our DE&I commitment. 

In this update, you will also read about our efforts related to climate and the environment, and giving and volunteering.

Together we will overcome the challenges of this year. These challenges have strengthened our commitment to our employees and customers and sharpened our focus on CR and Sustainability. We know we will emerge stronger than we were a year ago, and our efforts to positively impact people and the planet will help to create a better, healthier world.

We look forward to the journey ahead and to sharing more with you in our 2020 comprehensive report.

Kevin A. Lobo
Chairman and
Chief Executive Officer




 


2020 highlights
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This year, Stryker is making notable progress in building upon our Corporate Responsibility (CR) and Sustainability strategy and creating the infrastructure and processes to support external goals. We are working to improve healthcare responsibly and sustainably because we believe the health of the world is as important as the people who live in it. The global COVID-19 pandemic and the overdue call to action around equity largely shaped our efforts focused on positively impacting people and the planet.

Governance
At Stryker, we are committed to doing what’s right and staying true to our Corporate Responsibility (CR) and Sustainability objective of positively impacting people and our planet through responsible, sustainable practices that create a better, healthier world. This year we expanded our Corporate Responsibility and Sustainability Steering Committee, which includes three members of our leadership team, and developed a charter to instill accountability.
 

Strategy
We are implementing our updated CR and Sustainability strategy, which includes a mission and values-based approach to our environmental, social and governance (ESG) initiatives. This strategy will inform our goals and drive our ESG performance expectations going forward, including through enhanced communications and reporting.



 

Aligning our values and reporting
Our core values of Integrity, Accountability, People, and Performance provide the lens through which we assess our actions and behaviors. Accordingly, we will report our CR and Sustainability performance through this same lens. One example, Integrity – we do what’s right, applies to the design and manufacture of our products as well as the management of our operations.


 

Reporting developments
The Sustainability Accounting Standards Board (SASB) and the Global Reporting Initiative (GRI) will inform our forthcoming 2020 report in the spring of 2021 and it will include relevant metrics. We are also reviewing options to report progress against elements of the Task Force on Climate-related Financial Disclosures (TCFD).



 

Goal setting
To implement our new CR and Sustainability strategy, in 2020, we are working to establish goals in two areas: carbon emissions/energy use and diversity, equity and inclusion. We will continue to explore commitments in other areas, including waste reduction, responsible procurement, medical education and volunteering. We look forward to communicating additional goals once we complete the requisite diligence, including alignment with our company strategy, mission and values.
 

Commitment to transparency
As we seek to achieve our goals, we will be transparent about where we are, our destination and the challenges we face. We are committed to providing a balanced view of both our successes and opportunities and sharing those with our stakeholders.