3M creates
achievable climate goals and builds industry collaborations that
will have an impact and improve the lives of people around the
world
ST.
PAUL, Minn., Nov. 3, 2022
/PRNewswire/ -- 3M is joining other
global corporations, governments and non-governmental organizations
at the 27th Conference of the Parties (COP27) in Sharm El
Sheikh, Egypt to further
the dialogue and plans for combating climate change. As a globally
diverse materials science company, operating across many global
industries, 3M is at the heart of
global action to help reduce CO2 emissions.
3M is
uniquely positioned to bring our full capabilities to advance
meaningful climate-focused impact across the globe.
The company offers solutions that contribute to climate change
mitigation and adaption and provides scientific expertise to help
customers achieve their own sustainability goals, all of which was
at display at Climate Week 2022. This provides 3M the opportunity to collaborate with others to
drive scalable impact – and our purpose, promise, and passion make
us committed to leveraging COP27 to
do so.
"Science is part of our DNA, so we are thrilled that it is a key
focus of COP27. While climate change
requires a multi-faceted approach, we firmly believe that science
underpins many solutions for achieving a decarbonized world," said
Gayle Schueller, 3M senior vice president and chief sustainability
officer. "3M is dedicated to
delivering climate-focused solutions and is uniquely positioned to
bring our full capabilities to advance meaningful impact across the
globe."
3M strategic focus areas at
COP27:
Responding with urgency
3M knows the world needs to act quickly, and it
is following suit. The company has been focused on reducing its
climate impact for decades. It will achieve carbon neutrality in
its operations by 2050 and has achieved many substantial short-term
goals, including reducing its Scope 1 and 2 emissions by 75% since
2002, which includes a 26.1% reduction since 2019 and surpassing
its 50% milestone of renewable electricity by 2025, with more to
come in the next three years.
Recognizing the global energy crisis, both in developing
countries and the emerging energy impacts during the northern
hemisphere winter, there is a need to elevate the technologies
needed and policies required to ensure energy security for all, now
and in the future. In an open conversation at COP27 during "Energy" day on Nov. 15, 3M is
hosting an event in which members of the Global Alliance for
Sustainable Energy will share their expectations and vision for a
secure energy future.
Leadership and collaboration
3M has demonstrated substantial progress against
its near term and long-term goals and is committed to reaching
Scope 1 & 2 carbon neutrality in its operations by 2050. For a
global science and technology company with a manufacturing
footprint of such size and complexity this is an enormous
challenge. That's why 3M is investing
brainpower, resources and passion into reducing its own carbon
footprint through innovation. It is also collaborating with
customers to lower the carbon footprint of their products and
operations to support them on their own sustainability
journeys.
The company also prioritizes partnerships to learn, collaborate
and scale impact by joining initiatives like the United Nations
Water Resilience Coalition, where 3M
is a member of the leadership committee, and the Business Coalition
for Global Plastics Treaty convened by Ellen MacArthur Foundation
and WWF that was announced at Climate Week NYC 2022.
At COP27 as part of "Solutions"
day on Nov. 17, 3M is hosting a session on accelerating
collaborations to combat climate change. In a direct conversation
between senior private sector executives, the European Commission
and the United Nations Global Compact, panelists will share the
opportunities and barriers to partnership and discuss a model for
how organizations can connect to innovate for climate.
Progress through science and technology
3M is dedicated to progress through science using
its 51 technologies to develop sustainable products, while also
implementing other leading technologies like thermal oxidation and
reverse osmosis to implement carbon emissions and water reduction
in our own operations. Since 2019, every new product that enters
the 3M commercialization process is
required to have a Sustainability Value Commitment, demonstrating
how it impacts social equality, circularity or climate efforts.
Action via solutions
As the world continues to
experience the widespread impact of climate change, 3M is providing solutions to help its customers
drive the systemic change needed to advance climate solutions and
adapt to a changing environment. For example, the company has
expanded its R&D focused climate resilience innovation through
carbon emissions mitigation, including a focus on automotive
electrification heat removal through new cooling filters.
The company also recently announced a new technology that could
make the production of green hydrogen more cost-effective and
efficient. Leveraging support from the U.S. Department of Energy
(DOE), 3M is developing a catalyst technology used in
water electrolysis, which is the primary means of green hydrogen
production.
For more information on 3M's ongoing efforts to improve the
environment, visit 3M.com/GlobalImpact.
About 3M
3M (NYSE: MMM) believes science helps
create a brighter world for everyone. By unlocking the power of
people, ideas and science to reimagine what's possible, our global
team uniquely addresses the opportunities and challenges of our
customers, communities, and planet. Learn how we're working to
improve lives and make what's next at 3M.com/news or on Twitter at @3M or
@3MNews.
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