3M Co
Consumer Goods Conglomerates
Company Summary
3M Company is a multinational corporation recognized for its innovation in materials science, sustainable products, and green technologies. The company has committed to carbon neutrality and reducing waste generation across its operations. Its ESG rating is supported by initiatives in energy efficiency and renewable energy, as well as efforts to reduce plastic waste and promote circular economy practices. However, 3M has faced scrutiny over the environmental impact of some of its products, including PFAS chemicals (often referred to as “forever chemicals”) that have raised concerns about water contamination. Despite these challenges, 3M continues to focus on environmental stewardship and innovative solutions for sustainable development. For further information, refer to the 3M ESG report.
ESG Rating Overview
Sustainalytics
Overall ESG Rating :
LSEG
Overall ESG Rating :
MSCI
Overall ESG Rating :
3M is a leader among 39 companies in the industrial conglomerates industry.
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News from 3M Co
3M Initiates Plans to Exit PFAS Manufacturing by 2025
The Flemish Government and 3M Belgium have reached an agreement to assist the people of Flanders
Malarkey Roofing Products shingles with 3M Smog-reducing Granules have a million trees' worth of smog-fighting potential
Scotch Cushion Lock Protective Wrap provides packing protection without plastic guilt
In Zwijndrecht, 3M promotes environmental stewardship initiatives
3M is ideally situated for long-term sustainable growth and value creation
FAQ
What is 3M's ESG rating?
3M has an ESG score of 72/100 (MSCI), demonstrating solid performance in environmental sustainability and corporate governance. The company is committed to reducing its carbon footprint but faces some scrutiny over its impact on public health due to concerns over certain chemicals.
How does 3M address environmental concerns?
3M is dedicated to achieving carbon neutrality by 2050 and reducing greenhouse gas emissions by 50% by 2030. The company has set a goal to achieve zero waste in its operations and is working on sustainable product innovations like biodegradable materials and recycling technologies. 3M’s Pollution Prevention Pays Program has saved millions of pounds of waste over the years.
What governance practices does 3M follow?
3M follows strong governance practices with a diverse board of directors and a commitment to transparency in its operations. The company upholds a Code of Conduct for ethical business behavior and has clear policies on anti-corruption, shareholder rights, and corporate responsibility.
