3M

Specialty Chemicals
MMM
$ 151 0.8
Share price
$ 86 bn
Market Cap
$ 96 bn
Enterprise Value

Carbon footprint

50 Ton
GHG emissions per $ 1 mln investment
1.8x the weighted average for S&P 500
FY2020
How is this calculated?
-9.7%
YOY change in GHG emissions
Stronger than the -8.7% weighted average for S&P 500
FY2020 vs. previous year

Primary Climate Goal

-4.5%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -5.1% weighted average for S&P 500
FY2021
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 2020 at 4,850 Kt (-520 /-9.7% y-o-y). Also positively, carbon intensity fell to 151 t (-16 /-9.8% y-o-y).

3M's Scope 3 emissions increased to 9,278 Kt (+358/+4% y-o-y). The parameter has been fairly volatile.

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 -217 Kt per annum over the period of FY2021 - 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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