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Who we are 52 53 3M 2020 Sustainability Report #improvinglives 3M Value Model |
Membership and partnership. |
External engagements and collaboration efforts on priority focus areas help provide us with diverse viewpoints, a better understanding of the positions of our stakeholders, and a mechanism to learn from the successes and failures of our peers, all of which contribute to our commitment to a purpose-driven business. |
As part of GlobeScan’s 2018 interview process, stakeholders responded to a series of questions around the topic of engagement tactics. During these interviews, stakeholders mentioned a variety of groups to prioritize, including customers/consumers, local communities, investors, government agencies, and NGOs. In additio... |
Stakeholder engagement and collaboration efforts are core to how we are moving our strategies and actions within our Strategic Sustainability Framework. With that in mind, you will find examples of these efforts throughout this report. |
Stakeholders: |
Academic. |
Consultants. |
Customers. |
Government, regulatory. |
Group purchasing organizations. |
Non-governmental organizations. |
Other private sector. |
Trade organizations 3M retirees 3M employees. |
Climate change. |
Waste from manufacturing, operations. |
Excessive energy, declining energy Poor water quality. |
Shortages of available fresh water. |
Accumulation of toxic substances. |
Violations of human rights. |
Poor air quality. |
Scarcity of raw materials. |
Unemployment and under-employment. |
The world around us is changing fast. Waste and resource scarcity threaten our natural systems and every species. Climate change is accelerating and endangers everyone’s well-being. People around the world will need to come together to create a more positive future in which everyone can thrive. More than ever, we need ... |
We believe we can help. This is our purpose. That is why we are committed to three priority areas — Science for Circular, Science for Climate, and Science for Community — and it is why we are reinventing the products, processes, and systems that will improve every life. We are transforming our business and putting scie... |
In 2020, we will be conducting another materiality assessment to assist us in better understanding our stakeholders’ perspectives on key issues and assessing our corporate reputation and leadership opportunities. |
2019 stakeholder assessment key focus areas. |
Science for Circular. |
Science for Climate. |
Science for Community. |
Looking forward. |
Who we are 54 55 3M 2020 Sustainability Report #improvinglives 3M Value Model |
Our commitment. |
For more than 40 years, 3M has been a leader among global corporations in Sustainability actions and measures, beginning with the creation of our groundbreaking 3M Pollution Prevention Pays (3P) program in 1975. |
Our goals are becoming stronger and gaining momentum as we recognize how much needs to be done in order to make the world more sustainable for future generations. We are heading into a decade of action that will help accelerate solutions to the world’s biggest challenges. We are committed to doing much more than just f... |
Our stakeholders expect this of us, and we expect it of ourselves. In 2015, we launched our 2025 Sustainability Goals, expanding beyond 3M to include customers, suppliers, and social impact. The goals we are pursuing reflect a heightened commitment to going beyond compliance and thinking holistically about how our oper... |
We see the opportunity, in the next decade, to create systemic change within the three pillars of our Strategic Sustainability Framework. |
Our goals align with the United Nations 2030 agenda for Sustainable Development, which includes 17 Sustainable Development Goals (SDGs). Additional information on United Nations SDG alignment can be found in the About report section. |
Our Strategic Sustainability Framework helps us apply science to improve every life. |
It also guides our business decisions and strategy, as well as how we focus our efforts for local and global community impact. For that reason, we’ve reorganized our 2025 Sustainability Goals to fit within each pillar of our Strategic Sustainability Framework — Science for Circular, Science for Climate, and Science for... |
Advancing impact Accelerating efforts to help solve the world’s biggest challenges. |
• Help our customers reduce their GHGs by 250 million tons of CO₂ equivalent emissions through use of 3M products by 2025 • Improve energy efficiency indexed to net sales by 30% by 2025 • Ensure GHG emissions are at least 50% below our 2002 baseline by 2025, while growing our business • Increase renewable energy to 50%... |
Science for Circular. |
Science for Climate. |
Science for Community. |
United Nations SDGs • Require every new product that enters 3M’s new product commercialization process to have a Sustainability Value Commitment, demonstrating how it drives impact for the greater good starting in 2019 • Reduce manufacturing waste by an additional 10%, indexed to sales by 2025 • Achieve zero landfill s... |
Design solutions that do more with less material, advancing a global circular economy. |
Innovate to decarbonize industry, accelerate global climate solutions and improve our environmental footprint. |
Create a more positive world through science and inspire people to join us. |
Who we are 56 57 3M 2020 Sustainability Report #improvinglives Advancing impact |
Innovate to decarbonize industry, accelerate global climate solutions and improve our environmental footprint. |
• Improved energy efficiency by 3.2%, indexed to sales; behind goal of 30% improvement • Increased renewable energy footprint to 32.6%, total electricity use; working toward goal of 50% by 2025 and 100% by 2050 • Scope 1 and 2 emissions 68.1% below baseline; ahead of goal of 50% below baseline1 • Over 58.3 million metr... |
Our actions. |
In 2019, we strengthened our goal to invest to develop more sustainable materials and products to help our customers reach their environmental goals, by requiring that 100% of our products entering the new product commercialization process include a Sustainability Value Commitment. By embedding Sustainability into our ... |
And in 2019, we upped our renewable energy goal from 25% to 50% renewable electricity by 2025 and 100% by 2050. We also added a new Science for Community goal to donate 300,000 skills-based work hours across the globe by 2025. For more information, see our feature stories, “Flipping the switch on renewable energy” and ... |
Create a more positive world through science and inspire people to join us. |
• Provided 1.24 million training instances; toward goal of 5 million training instances • $73.3 million investment in total global giving; achieving goal of continuing to invest in global giving programs • More than 59% participation in employee development programs; toward goal of 100% participation • Increased pipeli... |
With our Strategic Sustainability Framework, we are cutting across industries and silos to collaborate with suppliers, customers, and communities by working together to build a more resilient world. We at 3M have the unique opportunity to apply our passion and collaboration to help the world prosper. Our Strategic Sust... |
Our customers, and the communities in which we operate, deserve it. Our people are motivated by it. Our future will be all the better for it. |
Looking forward. |
Science for Circular. |
Science for Climate. |
Science for Community. |
Who we are 58 59 3M 2020 Sustainability Report #improvinglives Advancing impact with 100% of communities areas; maintaining goal of engaging located in water stress/scarce • |
Engaged with 100% of sites (18 sites) toward goal of 10% reduction 5.76%, indexed to sales; working • |
Increased water efficiency by supplier performance assurance raw material traceability and. |
Sustainability through targeted commitment to drive supply chain assessments: maintaining our • |
Completed over 550 supplier 30% of manufacturing sites zero landfill; exceeding goal of |
• 35.4% (69 manufacturing sites) exceeding goal of 10% by 12.6%, indexed to sales; • |
Reduced manufacturing waste 2019; achieving our goal of 100% |
Commitment for new products in • |
Achieved 100% Sustainability Value circular economy. advancing a global more with less material, |
Design solutions that do |
Our commitment 3M and 3M Foundation help build sustainable communities through strategic investments and the thoughtful involvement of 3M businesses, sites, and employees worldwide who volunteer and leverage their skills and experience to make a difference in the world. |
3M maximizes social impact by combining 3M employee expertise with our products, technologies, and philanthropy. 3M and 3M Foundation develop and implement strategies and partnerships with leading community organizations that have a proven track record for delivering results. Governance is provided by the 3M Foundation... |
To assure that our support delivers the maximum benefit to the communities being served, 3M and 3M Foundation assess the impact of prospective grants and employee engagement initiatives and provide signature partners with financial support to help evaluate outcomes. |
3M continues to invest in science, technology, engineering, and mathematics (STEM) and business programs. 3M Foundation also serves the needs of our local communities through charitable investments. Additional 3M investments include accelerating global climate solutions and advancing a circular economy to foster sustai... |
Communities Creating a more positive world through science and inspiring others to join us. |
Since 1953, 3M and 3M Foundation have invested $1.72 billion in cash and product contributions in 3M communities. |
Goal: Invest cash and products for education, community, and environmental programs by 2025. |
Science for Community. |
Science for Community |
“Making an impact around the world.” |
Who we are 60 61 3M 2020 Sustainability Report #improvinglives Communities in our feature story or Science for Community. See more for Circular, Science for Climate, and/ advancing our commitments to Science Strategic Sustainability Framework, projects is designed to support 3M’s organizations in need, each one of thes... |
In 2019, the company announced it was by 2025. society’s toughest challenges to improve lives and help solve volunteerism by 3M employees work hours of skills-based. |
Goal: |
Provide 300,000 |
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