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Our product development teams strive to design products using less material when they can, with an eye on reducing waste. Examples include the reusable Post-it® Pop-up Note Dispenser, which is made with less plastic than other Post-it dispensers; abrasives that cut faster and last longer, increasing efficiency with les... |
For more examples, see the Our products section. |
Feature stories Who we are How we work What we create About report 147 3M 2021 Sustainability Report | #improvinglives |
Sustainable Growth Coalition. |
We are one of 30 businesses and organizations that formed the Sustainable Growth Coalition (formerly the Minnesota Sustainable Growth Coalition). The Coalition’s Circularity Guiding Principles advanced in 2020. These principles center on rebuilding a stronger, more resilient economy as we look to recover from the pande... |
The Recycling Partnership. |
The Recycling Partnership is driving systemic change in the U.S.’s recycling system. They operate at every level of the recycling value chain and use a public-private partnership model to help communities create more efficient recycling programs, companies reach their sustainability goals, and advance a recycling polic... |
Based on 2020 impact metrics, 3M’s continued support of The Recycling Partnership’s mission and work to transform the U.S. recycling system has contributed to a cumulative impact of 1,866 communities being supported with tools and resources to help drive local change; 88 million households reached; |
Closed Loop Partners 3M initiated a relationship with Closed Loop Partners in 2014 through a $5 million commitment to invest in the collaborative social impact fund that gives cities access to the capital needed to build comprehensive recycling programs and to build access to recycled materials for use in packaging. |
In 2020, 3M sponsored Closed Loop Partners’ Advanced Recycling Investor Roadmap Project. The 3M grant allowed Closed Loop Partners to expand its project scope and include an evaluation of plastic feedstock in the U.S. and Canada for advanced recycling technology companies. In November 2020, Closed Loop Partners release... |
to improve access for families; and 348 million pounds of recyclables diverted, thereby avoiding 382,000 metrics tons of GHG, cumulatively. Many projects were delayed in 2020 due to the COVID-19 pandemic; however, they are anticipated to launch in 2021. The Partnership expects a highly impactful year of work in 2021, w... |
The Recycling Inclusion Fund. |
In 2020, 3M provided the initial investment of $100,000 to the Recycling Partnership’s Recycling Inclusion Fund, which will direct grant dollars toward investment in recycling infrastructure and education, training, and leadership modules for communities, and research into the challenges that prevent a more equitable r... |
920K recycling carts put into service 3M’s support of the project has also enabled Closed Loop Partners to evaluate additional technology companies as part of this project, increasing the number of technology processes evaluated from six to 10. This has allowed Closed Loop Partners to evaluate a broader range of techno... |
The Recycling Partnership is driving systemic change in our nation’s recycling system. |
1The Recycling Partnership https://recyclingpartnership.org/circularity. |
Feature stories Who we are How we work What we create About report 148 3M 2021 Sustainability Report | #improvinglives |
Water conservation and quality in our communities. |
In our communities, our sites aim to conserve water. For example, the San Luis Potosí site captures and filters rainwater for some of their on-site services. In 2016, the 3M site in Juarez, Mexico, worked with the Juarez City Water Department to receive treated wastewater for on-site services. |
Packaging in our communities. |
Sustainable Packaging Coalition® |
The Sustainable Packaging Coalition (SPC) is a membership-based collaborative led by an independent nonprofit organization that believes in the power of industry to make packaging more sustainable. 3M’s commitment to the SPC mission includes representation on the executive committee. The executive committee provides pe... |
Sharing knowledge. |
Collaboration has many forms. Our packaging team is committed to sharing its knowledge with the external community to create a collaborative network that will accelerate packaging circularity. This is demonstrated by engaging and participating in industry panels as well as guest lectures at universities and colleges. I... |
Waste reduction in our communities 3M Impact 3M Impact is a skills-based service program where employees lend their business skills, experience, and energy to make a difference in global communities, while also developing leadership, problem-solving, and interpersonal communication skills. Every 3M Impact project align... |
In 2020, prior to the global spread of the COVID-19 virus, a 3M Impact team worked with Mexico Recicla, the largest solid waste management organization in Mexico City. Mexico Recicla delivers comprehensive and strategic solutions that advance the circular economy and create economic, environmental, and social impact in... |
To learn more about 3M Impact, see the Communities section. |
By 2017, nearly 80% of total water consumed in three out of five buildings was treated or recycled water. |
In 2020, the site completed the remaining two buildings and expects to save 10 million liters (2.6 million gallons) of water. |
See additional information in the San Luis Potosí site spotlight. |
Feature stories Who we are How we work What we create About report 149 3M 2021 Sustainability Report | #improvinglives |
Looking forward. |
We will continue applying our scientific expertise to improve the lives of our employees, our customers, and people throughout the world. Our Strategic Sustainability Framework directs our efforts to areas where we can make the biggest impact. |
Within the Science for Circular pillar of this framework, we will continue to focus on initiatives that will create a more circular economy, driving solutions in our operations, in our products, and in communities everywhere. |
In our operations, 3M will continue to mitigate waste to landfill through the reduction, reuse, and recycling of our surplus materials; act on key projects to increase global water quality and efficiency, aligned to our 2021 commitments; and work with suppliers to reduce or reuse surplus materials from packaging of our... |
For our customers, we will develop and launch products that will help them reach their sustainability goals by increasing our use of recycled raw materials. We will create reusable, renewable, and/or recyclable products and packaging, aligned to our 2021 commitment. We will continue to implement our packaging roadmap t... |
We will continue to adapt our Packaging Sustainability Roadmap to support emerging global policies and regulations, such as single-use plastics and Extended Producer Responsibility (EPR) as it relates to packaging. EPR is an environmental policy approach in which a producer’s responsibility for a product or package is ... |
Within our communities, we will continue to focus on advocacy, support, and collaborations in our efforts to fuel a global circular economy. 3M will continue to focus efforts on improving water availability and quality through collaboration with water leaders in communities where 3M operates. |
Get updates and learn more about our ongoing work aligning to the 3M Strategic Sustainability Framework. |
We will continue to adapt our Packaging Sustainability Roadmap. |
Feature stories Who we are How we work What we create About report 150 3M 2021 Sustainability Report | #improvinglives |
Our commitment 3M has long been a leader in addressing both challenges and opportunities presented by climate change and energy conservation. |
Our proactive leadership is best defined by five areas of action: • Executive-level commitment to these important topics and our related principles, policies, commitments, and risk-mitigation planning efforts, including membership in RE100, the global corporate initiative committed to 100% renewable electricity by 2050... |
Climate and energy. |
Science-based innovation to address climate change and conserve energy • Industry-leading efforts to measure and reduce our own greenhouse gas (GHG) emissions • Extensive public policy engagement on both climate change and energy conservation • A decades-long track record of improving energy efficiency at our sites • S... |
Executive-level commitment. |
We are committed to innovate to decarbonize industry, accelerate climate solutions, and improve our environmental footprint. This commitment is part of the Science for Climate pillar of our Strategic Sustainability Framework. |
As a science-based company, 3M uses the World Resources Institute (WRI)/World Business Council for Sustainable Development (WBCSD) GHG Protocol Corporate Accounting and Reporting Standard to set GHG emission reduction targets. For this reason, we are acting on the findings of the Intergovernmental Panel on Climate Chan... |
Feature stories Who we are How we work What we create About report 151 3M 2021 Sustainability Report | #improvinglives |
Public policy engagement 3M supports the Task Force on Climate-related Financial Disclosures (TCFD) recommendations for helping businesses disclose climate-related financial information. We recognize the need for increased focus on and transparency of financial risks related to climate change. Our climate risk process,... |
3M endorses voluntary approaches to GHG emissions management. Any mandatory GHG emission reductions should be developed through international negotiations and follow these policy principles: • Apply broadly to countries or groups of countries and GHG emission sources • Be guided by science-based decision-making • Utili... |
Risk-mitigation planning. |
Severe weather and long-term trends could affect 3M’s operations and supply chain. To address these and other risks, 3M maintains a formal Enterprise Risk Management Analysis to review enterprise-level risk. Additionally, 3M has a Business Continuity and Planning Process as well as a Corporate Crisis Management Program... |
3M is actively engaged in public policy development to address climate change concerns. |
Corporate and local plans consider the risk of natural disasters, infectious disease, employee safety, protection of assets, customer service, and other business continuity requirements. See 3M’s Annual Report on Form 10-K, Item 1A for risk factors applicable to the company. Additional details on our climate risk proce... |
Photo credit: ©FAO/Alessia Pierdomenico. |
Feature stories Who we are How we work What we create About report 152 3M 2021 Sustainability Report | #improvinglives |
Climate risk process. |
Governance The highest level of climate risk governance is the responsibility of the 3M Science, Technology & Sustainability Committee of the Board of Directors. The committee oversees the twin demands of developing products to meet the ever-changing needs of our customers while ensuring that those products cause no ha... |
Specific to enterprise risk, the 3M Audit Committee of the Board of Directors has the responsibility to discuss policies and procedures with respect to risk assessment and risk management, the company’s major risk exposures, and the steps management has taken to monitor and mitigate such exposures. For the purpose of d... |
Integration into enterprise risk 3M operates in more than 70 countries and derives approximately 60% of its revenues from outside the United States. Our company’s results are impacted by the effects of, and changes in, worldwide economic, political, regulatory, international trade, and other external conditions. |
Climate change, as well as related environmental and social regulations, may negatively impact 3M or its customers and suppliers in terms of availability and cost of natural resources, sources and supply of energy, product demand and manufacturing, and the health and well-being of individuals and communities in which w... |
Additional details on our enterprise risk assessments can be found in the Enterprise risk and 3M Value Model sections of this report and in our Annual Report on Form 10-K, Item 1A. |
Timeframes Short-term, 0–1 years Medium-term, 1–5 years Long-term, 5+ years. |
Board oversight 3M’s Science, Technology & Sustainability Committee of the Board of Directors assesses and advances strategic growth areas, long-term investments, and inspired innovation opportunities. |
The 3M Audit Committee of the Board of Directors discusses policies and procedures with respect to risk assessment and risk management, the company’s major risk exposures, and the steps management has taken to monitor and mitigate such exposures. |
Frequency on Board’s agenda 3M’s Science, Technology & Sustainability Committee of the Board of Directors meets with the frequency, and at intervals, it determines necessary to carry out its duties and responsibilities, but in any case, not less than three times a year. |
The Audit Committee of the Board of Directors meets with the frequency, and at intervals, it determines necessary to carry out its duties and responsibilities, but in any case, not less than four times a year. |
Corporate officer’s oversight In addition to the members of the 3M’s Science, Technology & Sustainability Committee of the Board of Directors, the 3M CEO has the highest level of direct responsibility for assessing and managing climate-related issues. The CEO carries on the company’s history of proactive leadership in ... |
Feature stories Who we are How we work What we create About report 153 3M 2021 Sustainability Report | #improvinglives |
Climate risk process. |
Identification and assessment Managing risk requires integrating a multidisciplinary, company-wide risk identification, assessment, and management process. The vice president and general auditor, Corporate Auditing, whose appointment and performance is reviewed and evaluated by the Audit Committee of the Board of Direc... |
Climate-related risk is also assessed as part of our analysis of physical risk to our manufacturing sites. For example, our analysis of physical risk to our manufacturing sites from sea level rise is based on modeling for 1.5°, 2°, and 4°C temperature increases. Based on our analysis of physical risks to individual 3M ... |
Frequency of monitoring 3M continually evaluates aspects of risk. The vice president, general auditor, consulting with the company’s senior management, annually assesses the major risks facing the company and works with those executives responsible for managing each specific risk. The vice president, general auditor pe... |
3M will assess climate-related risks as a part of our analysis of physical risk to our manufacturing as climate modeling advances and as acquisitions or divestitures require. 3M’s business continuity planning process and our Corporate Crisis Management Program review and help manage risks facing the company’s physical ... |
In addition to our Board of Directors’ Committees, climate risk is reviewed throughout the year within our executive-level Innovation Steering Committee and our Science for Climate Leadership Team. |
Risk factors Regulatory 3M continually evaluates aspects of regulatory risk during regular business interactions, including new product development and continuous business improvement. 3M’s operations are affected by national, state, and local laws around the world. 3M has made (and plans to continue making) necessary ... |
Technology 3M’s four business groups bring together common or related 3M technologies, enhancing the development of innovative products and services and providing for efficient sharing of business resources. We have operations in over 70 countries, bringing together a combination of our 51 unique Technology Platforms t... |
This product diversity enables 3M to identify unique solutions to help solve our customers’ challenges. In 2020, 3M invested $1.88 billion in research and development to build upon our existing technologies to find innovative solutions to our customers’ challenges. This unique combination of diversity and investment en... |
Feature stories Who we are How we work What we create About report 154 3M 2021 Sustainability Report | #improvinglives |
Climate risk process. |
Risk factors (Cont.) Legal The company’s future results may be affected by various legal and regulatory proceedings and legal compliance risks, including those involving product liability, antitrust, intellectual property, environmental, the U.S. Foreign Corrupt Practices Act and other anti-bribery and anti-corruption ... |
Market Results are impacted by the effects of, and changes in, worldwide economic, political, regulatory, international trade, and other external conditions. 3M operates in more than 70 countries and derives approximately 60% of its revenues from outside the United States. The company’s business is subject to global co... |
Reputation Around the world, customers rely on 3M to provide innovative solutions to advance companies, enhance homes, and improve lives. We are defined by more than just what we make — we are defined by how we do business: the 3M Way, always striving to make the right choices for our company and our customers and prot... |
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