Datasets:
WHATX
/
ESG_Report

Dataset card Data Studio Files
xet
 Community
text
stringlengths
0
7.73k
Our Consumer Business Group is.
Our business focus
Looking forward.
In 2021, we will continue to drive long-term growth and productivity by focusing on new growth opportunities, increasing our focus on personal safety, home improvement and cleanliness, auto electrification, and biopharma filtration.
We will continue executing on our four priorities: portfolio management, transformation, innovation, and people and culture, as discussed in the 3M Value Model and Our customers sections.
We will continue to drive long-term growth.
Feature stories Who we are How we work What we create About report 199 3M 2021 Sustainability Report | #improvinglives
Feature stories Who we are How we work What we create About report 200 3M 2021 Sustainability Report | #improvinglives.
About report, scope, and boundaries 201.
GRI and UNGC index 205.
SASB index 216.
Assurance statement 219.
Metric tables 222
About report, scope, and boundaries.
Report schedule and period.
Current issue: May 11, 2021.
Next issue: Scheduled for May 2022.
Previous issue: May 12, 2020.
Before 2010, the Sustainability Report was a fully integrated website. Therefore, copies before 2010 are not available.
This report provides a summary of the activities in fiscal year 2020 (January 1, 2020, to December 31, 2020).
Organizational boundaries.
This report covers 3M’s owned manufacturing facilities and leased facilities worldwide, including joint ventures (if greater than 50% 3M ownership) and partially owned subsidiaries (if greater than 50% 3M ownership) where 3M has full operational control. Acquisitions are included in data sets once legally owned and fully integrated onto 3M systems. All data included in the report is global data unless otherwise specified. Any significant organization changes are identified in the 2020 Annual Report and 2021 Proxy Statement.
Feature stories Who we are How we work What we create About report 201 3M 2021 Sustainability Report | #improvinglives
Forward-looking statement.
This Sustainability Report and information on 3M.com/sustainability contains forward-looking statements about 3M’s financial and non-financial results, estimates, and business prospects that involve substantial risks and uncertainties. You can identify forward-looking statements by the use of words such as “anticipate,” “estimate,” “expect,” “aim,” “project,” “intend,” “plan,” “believe,” “will,” “should,” “could,” “target,” “forecast,” and other words and terms of similar meaning in connection with any discussion of future operating, financial performance, or business plans or prospects. In particular, such statements may include but are not limited to: (1) statements which may relate to the purpose, ambitions, aims, commitments, targets, plans, and objectives of 3M; Sustainability Goal progress; the ambition to improve every life; (2) financial data or information derived from the Company’s filings with the U. S. Securities and Exchange Commission; (3) environmental, health, and safety (EHS) data as it relates to the environment, safety performance, management systems, implementation, and regulatory compliance, including data collection systems at applicable sites that track and collect EHS data through the corporate-wide EHS reporting systems; (4) social data as relates to employee metrics, social practices, and community engagement programs derived from various databases from within the Human Resources and 3M Foundation organizations; (5) responsible sourcing of materials and the related responsible sourcing systems and data; (6) acquisitions and investmentrelated data as integrated into 3M programs and reporting systems via a prioritized functional integration schedule over time; (7) the impact of acquisitions, strategic alliances, divestitures, and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; and (8) statements about actions of contractors and partners or our work with them.
Forward-looking statements are based on certain assumptions and expectations of future events and trends that are subject to risks and uncertainties. Actual future results and trends may differ materially from historical results or those reflected in any such forward-looking statements, depending on a variety of factors and circumstances, some of which are outside the control of the Company.
The Company assumes no obligation to update any forward-looking statements contained in this report as a result of new information or future events or developments.
The term “material” used in this report refers to the “material topic” definition of the Global Reporting Initiative. It is used to refer to relevant topics, which potentially merit inclusion in the report and that can reasonably be considered important for reflecting the organization’s economic, environmental, and social impacts, or influencing the decisions of stakeholders.
“Material” for the purposes of this report should not, therefore, be read as equating to any use of the word in other Company reporting or filings with the SEC. No part of this Sustainability Report or 3M.com/sustainability constitutes, or shall be taken to constitute, an invitation or inducement to invest in 3M or any other entity and must not be relied upon in any way in connection with any investment decisions.
A further description of risk factors affecting 3M is located in 3M’s Annual Report on Form 10-K under “Cautionary Note Concerning Factors That May Affect Future Results” and “Risk Factors” in Part I, Items 1 and 1A; and in 3M’s Quarterly Reports (Form 10-Q) in Part I, Item 2; and Part II, Item 1A, as updated by applicable Current Reports on Form 8-K.
Data collection, adjustments, and verification.
The data provided in this report through facts and figures is based on activities during 3M’s fiscal year 2020. For some performance indicators, the previous year’s data are provided to allow for annual comparisons.
Report data collection.
Due to the size and geographical extent of our operations, it is, at times, difficult to obtain all data points. Therefore, to the extent possible, limitations and assumptions are stated as information in the report. This report’s data has been reviewed for accuracy and completeness, including the reliability of the systems used to obtain the data.
Feature stories Who we are How we work What we create About report 202 3M 2021 Sustainability Report | #improvinglives
Unless noted below, corporate staff have also verified the implementation of policies and management systems through audits and self-reporting systems.
• Financial data. Financial information referenced in this report is collected and reported in accordance with the applicable requirements for the 2020 Annual Report on Form 10-K.
• Environmental, health, and safety (EHS) data. The EHS data in this report is related to the environment, safety performance, management systems, implementation, and regulatory compliance. Data collection systems are in place at applicable sites to track and collect environmental, health, and safety data through the corporate-wide EHS reporting systems (e.g., Environmental Targets Database, EHS 360, etc.).
• Social data. The data related to employee metrics, social practices, and community programs has been derived from various databases from within the Human Resources and 3M Foundation organizations. This data has been reviewed and verified by the departments responsible for maintaining the internal reporting systems.
• Responsible sourcing systems and data. The policies and management systems implementation in this area have been reviewed and verified by the departments responsible for maintaining the internal reporting systems.
Sites acquired by 3M are integrated into 3M programs and reporting systems via a prioritized functional integration schedule. Timeframe for integration varies depending on subject-matter reporting requirements and site systems before being acquired; however, on average, integration ranges from one to three years.
Base year and other adjustments 3M’s 2020 Annual Report and Investor Relations website document any changes to financial data. Several of 3M’s environmental goals are normalized per net sales. 3M does not adjust sales data for inflation.
3M generally does not adjust its base-year environmental metrics data to reflect changes in 3M’s organizational structure. As a result, 3M sets environmental targets that are normalized or indexed to production (tons emitted or net sales) to assure the environmental progress we report to the public is not unduly influenced by changes to our organizational structure. However, in the case of our greenhouse gas emissions data, 3M follows the World Resource Institute (WRI) and World Business Council for Sustainable Development (WBCSD) GHG Protocol. Consequently, we readjust our greenhouse gas emissions base-year data in the case of business acquisitions and divestitures.
Whenever feasible, 3M adjusts base-year and other years’ data if data collection methods change or data errors are identified. Any significant changes in the measurement methods and/or data values applied to key environmental metrics from previous years are disclosed in the report. Significant changes are defined by this Sustainability Report as changes greater than 5% of the original data point.
Between 2005 and 2010, 3M adopted a holistic definition of waste to drive the company’s waste reduction efforts toward more sustainable solutions, such as pollution prevention. 3M’s waste reduction goal and progress during this period included recycling. In 2011, 3M returned to a more conventional definition of waste that considered recycling as neutral (contributing neither toward total waste nor toward good output).
3M’s 2025 Sustainability Goals utilize 2015 as the base year. Starting in 2016, waste disposed and waste by disposal type do not include waste-to-energy. Total hazardous and total non-hazardous waste include waste-to-energy.
In 2018, we identified an opportunity for classification of our manufacturing sites for a portion of our greenhouse gas (GHG) emissions aligning to our 2002 inventory. This change impacted calculation methodologies for energy and waste GHG estimations therefore, limiting direct comparability of Scope 1, Scope 2, and Scope 3 Category 5 between reporting year 2017 and 2018.
For this reason, reporting years 2017 and 2018 Scope 1 and Scope 2 GHG emissions year-on-year comparison should be viewed as an estimate. The 2018 GHG inventory is fully comparable with baseline year 2002.
In 2020, Scope 3 Category 5 (waste generated in operations) values were calculated at a 28.1% reduction from 2019 to 2020. This decrease is the result of further optimizing our model by increasing representation of actual data by 36.4%. The previous year values overestimated waste. The methodology within the model remained the same year-over-year.
In 2019, the value of GHG Scope 3 Category 2 (capital goods) substantially increased due to updated emission factors and an increase in gross property, plant, and equipment put into service. This increase does not impact previously reported Scope 3 Category 2 values, and the 2019 Scope 3 Category 2 value is comparable with previous years.
At the beginning of 2020, 3M changed its business segment reporting in its continuing effort to improve the alignment of business around markets and customers. Additionally, 3M consolidated the way it presents geographical area data by providing an aggregate USAC geographic region (combining United States and Canada areas).
In 2020, to be consistent with global reporting standards and guidelines, we adjusted the energy metric units from MMBtu to MWh. Through 2020, we used 0.293071 as the conversion factor to adjust MMBtu to MWh. Starting in 2021, energy metrics will be collected in 3M’s energy database in MWh.
Feature stories Who we are How we work What we create About report 203 3M 2021 Sustainability Report | #improvinglives
Data verification.
Internal verification. 3M has conducted an internal verification of the information provided in this report. The objectives for our assurance process included: • Accuracy and completeness of data • Reliability of systems used to measure and record data • Reliability of ratios compiled from underlying data • Adherence to the GRI Standards • Implementation of internal policies and related management systems as reported • Presentation of a complete and fair picture in the report as a whole.
Third-party verification. APEX Companies, LLC [“Assurance Provider” or “APEX”] provided independent third-party assurance for this report covering activities January 1, 2020, to December 31, 2020. APEX provided moderate-level assurance in accordance with AA1000AS-2008, Type 2. APEX’s assurance letter can be found in the report under Assurance Statement.
Global principles and guidelines.
We continue to review global reporting frameworks and the evolving efforts of existing reporting frameworks to streamline reporting requirements. We’ve reviewed the “World Economic Forum’s Measuring Stakeholder Capitalism Towards Common Metrics and Consistent Reporting of Sustainable Value Creation” white paper released in September 2020.
Many of the material issues from the white paper have already been incorporated into this report based on our strategic reporting strategy and other existing frameworks.
Global Reporting Initiative.
The Global Reporting Initiative (GRI) is a network-based organization that includes representatives from business, government, labor, third-party advocacy groups, and academia. The GRI organization has developed a framework for sustainability reporting. Following the GRI sustainability framework advances two important objectives: transparency and the ability to compare results from one organization to another. 3M has developed this report using GRI Standards. The GRI index outlines where specific GRI reporting elements and indicators are addressed in the report or other reporting sources, including the 2020 Annual Report, 2021 Proxy Statement, and/or other noted sources on 3M’s Investor Relations website.
Our priority topic areas are identified in our sustainability priority matrix, the GRI index and reflected in our sustainability goals, aligned to the three pillars of our Strategic Sustainability Framework: Science for Circular, Science for Climate, and Science for Community. 3M self-declares this report has been prepared in accordance with the GRI Standards: comprehensive option.
TCFD 3M supports the Task Force on Climate-related Financial Disclosures’ (TCFD) recommendations for helping businesses disclose climate-related financial information. See the Climate and energy section for disclosures.
United Nations Global Compact (UNGC) Communication on Progress (COP)
The UNGC is a strategic policy initiative for businesses that are committed to aligning their operations and strategies with 10 universally accepted principles in the areas of human rights, labor, environment, and anti-corruption. In 2014, we became a United Nations Global Compact (UNGC) participant, thereby committing to align our operations and strategies with the UNGC principles on business and human rights. This report includes an index of our COP implementing the 10 principles as well as alignment with the United Nations 2030 Sustainable Development Goals (SDGs) within the content of this 2021 Sustainability Report.
Sustainability Accounting Standards Board (SASB)
For our Sustainability reporting strategy, we utilize multiple tools and frameworks to assure we are objective, transparent, and globally relevant in our public reporting process. This includes GRI, SASB, and the UN SDGs.
With corporate operations in over 70 countries and sales in nearly all countries, our strategy is designed to be holistic. GRI was selected as the primary source referenced due to the global reach of the standard.
For SASB, our diversity of operations would not be represented by their current industry standard classifications. Using our 51 Technology Platforms, our integrated team of scientists and researchers works with customers to create breakthroughs via our Consumer, Transportation & Electronics, Safety & Industrial, and Health Care business groups.
In this year’s report, we detail our efforts on our 2020 materiality assessment. Before conducting this assessment, we reviewed and integrated SASB’s approach to materiality and materiality map to help prioritize the most important focus areas.
UNGC Principles and 2030 SDGs.
Refer to the GRI index table for cross-references of content in this report with the 10 Principles of the UNGC and alignment with the 2030 SDGs.
Contact 3M.
It is through collaboration and partnerships that 3M can accelerate sustainability in our company to improve every life. You can contact 3M Sustainability at Sustainability@mmm.com.
Feature stories Who we are How we work What we create About report 204 3M 2021 Sustainability Report | #improvinglives
Disclosure number Description Cross-reference Page # Connections to United Nations Initiatives*
GRI 102: General disclosures, organization profile 102-1 Name of the organization 3M Company 102-2 Activities, brands, products, and services.
Our products Annual Report on Form 10-K, pages 4-5 194 102-3 Location of headquarters 3M Company 3M Center St. Paul, Minnesota, 55144-1000, United States 102-4 Location of operations Operations in 70-plus countries Innovation management Names of countries, 3M.com Annual Report on Form 10-K, page 15 184 102-5 Ownership and legal form Annual Report on Form 10-K, page 1 102-6 Markets served Our customers Our products 3M.com Annual Report on Form 10-K, page 5 178 194 102-7 Scale of the organization Employee programs Metric tables: 3M historical metrics; social performance, employee and financial performance Annual Report on Form 10-K, pages 4-5, 15 117 222 102-8 Information on employees and other workers.
Employee programs Metric tables: social performance, employees Annual Report on Form 10-K, page 6 117 222 UNGC Principle 6 SDG 8, 10.
GRI index.
Global Reporting Initiative (GRI) content index and UN Global Compact Communication on Progress.
Feature stories Who we are How we work What we create About report 205 3M 2021 Sustainability Report | #improvinglives
Disclosure number Description Cross-reference Page # Connections to United Nations Initiatives*
GRI 102: General disclosures, organization profile (Cont.) 102-9 Supply chain Suppliers 166 102-10 Significant changes to the organization and its supply chain Annual Report on Form 10-K, pages 4-5, 71-74 About report Suppliers 201 166 102-11 Precautionary Principle or approach Advancing impact Environmental, health, and safety management Innovation management 53 128 184 102-12 External initiatives 3M Value Model Advancing impact Human rights 41 53 105 102-13 Membership of associations 3M Value Model 41.