Climate change remains among the greatest challenges globally, and we must act with urgency to address it. We support the global consensus set forth in the 2015 Paris Agreement, and we’re integrating the latest findings of the Intergovernmental Panel on Climate Change (IPCC) into our goals, operations, and actions.
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 six areas of action:
Help our customers reduce their GHGs by 250 million tons of CO₂ equivalent emissions through the use of 3M products by 2025
Improve energy efficiency, indexed to net sales, by 30% by 2025
Reduce Scope 1 and 2 market-based GHG emissions by at least 50% by 2030, 80% by 2040, and achieve carbon neutrality in our operations by 20501
Increase renewable energy to 50% of total electricity use by 2025 and to 100% by 2050
3M partnered with the U.S. Department of Energy (DOE) on its Better Plants Challenge — part of the DOE’s Better Buildings initiative designed to drive leadership in energy innovation. We are a Better Plants Challenge Energy and Water Goal Achiever and participate in the Low Carbon Pilot. 3M is also involved in the Better Climate Challenge to reduce portfoliowide GHG emissions (Scope 1 and 2) by at least 50% within 10 years.
We’re one of more than 20 global companies in investing in TPG Rise Climate Fund, a multibillion-dollar climate impact investing fund that focuses on clean energy, enabling solutions, decarbonized transport, greening industrials, and agricultural and natural solutions.
3M continued to participate in the Global Alliance for Sustainable Energy, whose aim is to redefine “sustainable energy,” leading a transition away from fossil fuels in line with the 2030 agenda set out in the UN SDGs. 3M was a founding member along with our customer Enel Green Power and 15 other organizations.
At COP27 in November 2022, 3M and the United Nations Framework Convention on Climate Change (UNFCCC) continued a three-year collaboration to advance the Paris Agreement and UN SDGs — working to overcome the challenges faced by the private sector in achieving net zero.