Sustainability

Sustainability is a core commitment of 3M, and we recognise and consistently seek opportunities to do more. We understand that our impact, as we improve our business, our planet, and every life can be far greater when we collaborate with our customers, communities, and governments.

We aim to support the growth of communities.

Reimagining what’s possible

At 3M, our sustainability strategy supports the achievement of our business objectives across all organisational functions and all three business groups. In alignment with this, we’re taking action to reignite our innovation engine, launch more new products, and achieve operational excellence in 2025 and beyond.

We remain aligned around our three sustainability pillars:

• Science for Circular (Design solutions that do more with less material, advancing a global circular economy).
• Science for Climate (Innovate to decarbonise industry, accelerate global climate solutions, and improve our environmental footprint).
• Science for Community (Create a more positive world through science and inspire people to join us).

We’re reviewing our sustainability targets and refining them with a focus on carbon, water, and plastics. Emphasising these major areas helps us streamline our efforts and supports 3M’s priorities of sustained organic revenue growth, operational performance, and effective capital deployment.

Our 2024 progress

• 59.1% reduction in our scope 1 and 2 greenhouse gas (GHG) emissions since 2019.
• 30.7% reduction in our scope 3 GHG emissions since 2021, aligning with SBTi.
• 21.4% reduction in water usage since 2019.
• 98.2M lb reduction in our use of virgin fossil-based plastic since 2021.
• 90K global general volunteer hours.

Message from our CEO

2024 was a pivotal year for 3M. We spun off our health care business, now known as Solventum, and made significant progress on other foundational business matters. I am proud of the way our team has navigated these transformational changes. We have also significantly improved our performance by raising our own standards of excellence in everything we do.

That includes progress on our sustainability commitments. As this report details, in 2024 we strengthened customer collaborations to create and introduce products for carbon capture, the energy economy, and more. And we continued to manage our product portfolio, upgrade technologies, and improve energy efficiency across our facilities.

We will build on this progress with our new operating model and performance culture, “3M eXcellence.” This effort spans every part of our company - from R&D to sales, supply chain, and activities in each function - and our commitments to sustainability will continue to be a key part of what drives excellence across our enterprise.

William M. Brown, Chairman of the Board and Chief Executive Officer

A history of taking action