3M Co - ESG Rating & Company Profile powered by AI

Industry Group:Consumer Goods Conglomerates

Detailed ESG analysis of 3M Co can be reached by logging in. The page contains a free Sustainability report for 3M Co. The analysis of 3M Co employs data points from across the web as well as from public documents by 3M Co.

3M Co in the Consumer Goods Conglomerates industry gained a UN SDG ESG Transparency Score of 9.0; made up of an environmental score of 8.0, social score of 8.0 and governance score of 8.0.

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SDG Transparency Score for 3M Co 
Low
0 - 3
Medium
4 - 6

9.0

High Impact
7 - 10
Last Score Update: 2022-07-01
What drives the score for 3M Co 
8.0

Environmental

8.0

Social

8.0

Governance

Detailed ESG Breakdown
SEVVA Platform offers unique drill down to the underlying sources powering the ratings. Break down your ESG analysis by 17 UN SDGs and 8 additional governance factors.

Peer Group Comparison

RankCompanySDG Transparency Score Performance
13M Co
9.0
High
2Aboitiz Equity Ventures Inc
8.8
High
3Toshiba Corp
8.6
High
.........
112Tropea Holding SA
0.0
Low
112Zlaten Lev Holding AD
0.0
Low
.........
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Frequently Asked Questions

Does 3M Co reference operational or capital allocation in relation to climate change?Yes
company-nameESG Disclosurefiling2021-05-02
Environmental investments In 2020, 3M expended approximately $55 million for capital projects for environmental purposes. Capital projects for environmental purposes include waste reduction and pollution control programs, such as water usage reduction and water quality improvement equipment, scrubbers, containment structures, solvent recovery units, and thermal oxidizers. Capital expenditures for similar projects are presently expected to approach approximately $400 million for 2021 and 2022 in aggregate. Environmental expenditures relating to existing conditions caused by past operations that do not contribute to current or future revenues are expensed.
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company-nameAnnualfiling2021-02-04
Although an estimate of certain nearer-term capital expenditures is provided above, 3M cannot predict with certainty whether future costs of compliancewith government regulations (including environmental regulations) will have a material effect on its capital expenditures, earnings or competitive position.
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company-nameInterimfiling2021-07-27
Under the interim Consent Order, the Company's principal obligations include commitments related to (i) future ongoing site operations such as (a) providing certain notices or reports and performing various analytical and characterization studies and (b) future capital improvements; and (ii) remediation activities, including certain on-site and off-site investigations and studies. Obligations related to ongoing future site operations under the Consent Order will involve additional operating costs and capital expenditures over multiple years. The Company does not expect them to have a material impact on its consolidated results of operations or financial position. With respect to remediation activities, financial obligations related to certain activities under the Consent Order are probable and reasonably estimable, and are included in the Company's accruals for "other environmental liabilities" as described in the "Environmental Liabilities and Insurance Receivables" section below. ...
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Is Capital Expenditure linked to emissions reduction?

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Does the Board describe its role in the oversight of climate-related risks and opportunities?Yes
company-nameESG Disclosurefiling2021-05-02
3M continually evaluates aspects of risk. The vice president, general auditor, consulting with the company's senior management, annually assesses the major risks facing the company and works with those executives responsible for managing each specific risk. The vice president, general auditor periodically reviews with the Audit Committee of the Board of Directors the major risks facing the company and the steps management has taken to monitor and mitigate those risks. The Audit Committee of the Board of Directors meets not less than four times a year. 3M will assess climate-related risks as a part of our analysis of physical risk to our manufacturing as climate modeling advances and as acquisitions or divestitures require. 3M's business continuity planning process and our Corporate Crisis Management Program review and help manage risks facing the company's physical operations and supply chains. Programs are reviewed at least annually. In addition, the 3M Science, Technology & Sustai...
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company-nameESG Disclosurefiling2021-05-02
Corporate officer's oversight In addition to the members of the 3M's Science, Technology & Sustainability Committee of the Board of Directors, the 3M CEO has the highest level of direct responsibility for assessing and managing climate-related issues. The CEO carries on the company's history of proactive leadership in addressing both the challenges and the opportunities presented by climate change and energy conservation.
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company-nameESG Disclosurefiling2021-05-02
3M 2021 Sustainability Report #improvinglives Climate risk processFinancial risks At 3M, we continually evaluate our approach to opportunity and risk. We believe the concept of risk appetite and tolerance is an essential component of strategic planning. This includes broad risk oversight by the 3M Board of Directors and its committees, with committee-level risk analyses reported to the full Board and executive-level internal vice president, general auditor and chief ethics & compliance officer appointed by and reporting directly to the Audit Committee of the Board of Directors. 3M has operations in over 70 countries, with regionalized supply chains that enable more localized and diversified production of our products. This helps reduce our risk from local climate impacts on our operations. 3M's four business groups bring together common or related 3M technologies, enhancing the development of innovative products and services and providing for efficient sharing of business resources....
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Has 3M Co submitted or committed to submit to a shareholder vote (say-on-climate) its climate strategy?

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Does 3M Co disclose current and historical air emissions?

Does 3M Co disclose current and / or historical ozone-depleting emissions?

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Does 3M Co disclose current and / or historical scope 1 emissions?
Does 3M Co disclose current and / or historical scope 2 emissions?

Does 3M Co disclose current and / or historical scope 3 emissions?

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Does 3M Co disclose current and / or historical emissions broken down by scope?

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Does 3M Co disclose GHG and Air Emissions intensity?

Does 3M Co disclose GHG Targets?

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Does 3M Co disclose data for NOx, SOx and VOCs emissions?

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Does 3M Co disclose its Scope Emissions targets?

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Does 3M Co disclose current and historical energy intensity?

Does 3M Co disclose its current and / or historical energy use?

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Does 3M Co disclose energy use targets?

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Does 3M Co disclose its Renewable Energy targets?

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Does 3M Co disclose its biodiversity policy?

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Does 3M Co disclose its forestry policy?

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Does 3M Co disclose its internal carbon price?

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Does 3M Co disclose long-term targets (>5 years) for reducing its GHG emissions?

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Does 3M Co disclose Scope 3 emissions from use of sold products?

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Does 3M Co disclose current and historical material use?

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Are Operating Expesnses linked to emissions reduction?
Does 3M Co disclose climate scenario or pathway analysis?
Does 3M Co reflect climate-related risks in its financial statements?

Does 3M Co disclose the number and percentage of companies screened by environmental and social criteria?

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Are emissions metrics verified by CDP?

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Are emissions metrics verified by STBi?

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Does 3M Co report according to TCFD requirements?

Does 3M Co disclose current and historical waste generation?

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Does 3M Co disclose current and / or historical waste management?

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Does 3M Co disclose waste targets?

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Has 3M Co published clear targets on waste management?

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Does 3M Co disclose current and / or historical water consumption?

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Does 3M Co disclose its waste policy?
Does 3M Co disclose water use targets?
Does 3M Co condunt supply chain audits?

Does 3M Co engage third parties to conduct supply chain audit?

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Does 3M Co disclose board meeting attendance?

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Are there worker representatives on the board?

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Does 3M Co disclose long term financial targets?

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Does 3M Co report NPS (customer loyalty, customer churn or satisfaction surveys) ?

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Does 3M Co report customer churn rates?

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Does 3M Co have a policy relating to cyber security?

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Does 3M Co disclose cybersecurity risks?

Does 3M Co adhere to ISO 27001 / ISO 27002 standards or the NIST cybersecurity framework?

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Does 3M Co conduct cybersecurity training?

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Does 3M Co disclose the individual responsible for D&I?
Does 3M Co conduct 360 degree staff reviews?

Does 3M Co have engagement surveys, a culture survey, a pulse survey?

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Does 3M Co have a long term incentive (LTI) executive compensation plan based on a measure of return on capital?

Does 3M Co disclose the vesting percentage required for performance threshold in the LTIP?

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Has 3M Co issued a profit warning in the past 24 months?
Does 3M Co report the average age of the workforce?

Does 3M Co report internal employee trust metrics such as ENPS?

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Does 3M Co permit its workforce to engage in collective bargaining?

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Does 3M Co disclose average employee tenure?

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Does 3M Co refer to human capital or people risk in its risk disclosures?

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Does 3M Co promote decent work conditions in relation to its supply chain?

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Does 3M Co allow for Work Councils/Collective Agreements to be formed?

Does 3M Co report the number of strikes or work related stoppages?

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Does 3M Co have an accelerator or VC vehicle to help deliver innovation?

Does 3M Co have a chief innovation officer?

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Does 3M Co disclose the ratio of CEO total compensation relative to average employee compensation ?

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Does 3M Co disclose its gender pay gap?

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Does 3M Co disclose its ethnicity pay gap?
Does 3M Co disclose the number of employees in R&D functions?

Does 3M Co engage in animal testing?

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Does 3M Co engage in stem cell research?

Does 3M Co have a commitment to a living wage?

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Does 3M Co disclose the vesting schedule of its equity compensation plan?

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Is executive remuneration linked to climate performance?
Does 3M Co offer flexible work?

Does 3M Co disclose employee diversity metrics?

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Does 3M Co disclose employee gender diversity metrics?

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Does 3M Co disclose the pay ratio of women to men?
Does 3M Co disclose incidents of non-compliance in relation to the health and safety impacts of products and services?

Does 3M Co disclose information on fatalities and accidents in the workplace

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Does 3M Co report instances of occupational ill health, injury and fatality?

Does 3M Co disclose reportable workplace incidents?

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Does 3M Co disclose the number of employees, new hires and turnover metrics?

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Does 3M Co disclose parental leave metrics?

Does 3M Co disclose employee training metrics?

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Does 3M Co disclose the number of operations that have been subject to human rights reviews or human rights impact assessments?
Does 3M Co disclose its policies for bribery, corruption, whistle-blower, conflict of interest?

Does 3M Co disclose the number of customer privacy complaints?

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Does 3M Co disclose incidents of discrimination?

Does 3M Co disclose incidents relating human rights, child labour and forced labour?

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Does 3M Co disclose incidents of corruption?

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Does 3M Co disclose the number of incidents involving the rights of indigenous peoples?

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Does 3M Co disclose incidents of non-compliance in relation to product and service information/labelling or marketing communications?

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Did 3M Co have a product recall in the last two years?
Does 3M Co support suppliers with sustainability related research and development?
Does 3M Co have careers partnerships with academic institutions?
Is 3M Co involved in embryonic stem cell research?

Does 3M Co avoid gender bias in its hiring?

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Does 3M Co disclose the number of hours and/or employees/security personnel trained on human rights policies or procedures?

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Potential Risks for 3M Co
These potential risks are based on the size, segment and geographies of the company.

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3M Company operates as a diversified technology company worldwide. It operates through four segments: Safety and Industrial; Transportation and Electronics; Health Care; and Consumer. The Safety and Industrial segment offers industrial abrasives and finishing for metalworking applications; autobody repair solutions; closure systems for personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles. The Transportation and Electronics segment provides ceramic solutions; attachment tapes, films, sound, and temperature management for transportation vehicles; premium large format graphic films for advertising and fleet signage; light management films and electronics assembly solutions; packaging and interconnection solutions; and reflective signage for highway, and vehicle safety. The Healthcare segment offers food safety indicator solutions; health care procedure coding and reimbursement software; skin, wound care, and infection prevention products and solutions; dentistry and orthodontia solutions; and filtration and purification systems. The Consumer segment provides consumer bandages, braces, supports and consumer respirators; cleaning products for the home; retail abrasives, paint accessories, car care DIY products, picture hanging, and consumer air quality solutions; and stationery products. It offers its products through e-commerce and traditional wholesalers, retailers, jobbers, distributors, and dealers. The company was founded in 1902 and is based in St. Paul, Minnesota.