3M

Industrial Conglomerates
MMM
$ 116 2.1
Share price
$ 64 bn
Market Cap
$ 79 bn
Enterprise Value

Carbon footprint

50 Ton
GHG emissions per $ 1 mln investment
1.3x the weighted average for S&P 500
FY2021
How is this calculated?
-18%
YOY change in GHG emissions
Weaker than the +5% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-3.6%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -6.6% weighted average for S&P 500
FY2022
How is this calculated?

3M aims to reduce Scope 1 + 2 by 50% by 2030 from a base year 2019


This target has not been verified as science based according to SBTi
3M's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

3M's GHG emissions (market-based) (Kt of CO2e)
3M's Carbon intensity (Tons per 1 USDm)

3M's carbon footprint

3M reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 3,972 Kt (-878 /-18.1% y-o-y). Also positively, carbon intensity plunged to 112 t (-38 /-25.5% y-o-y).

3M's Scope 3 emissions skyrocketed to 10,700 Kt (+1,860/+21% y-o-y). There has been no clear trend lately.

The company is committed to reducing Scope 1 + 2 by 50% by 2030 from a base year 2019, which translates into the estimated reduction of -143 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Company environmental metrics

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