3M

Industrial Conglomerates

MMM

$ 115 1.5

Share price

$ 63 bn

Market Cap

$ 74 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

1.4x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -6.6% weighted average for S&P 500

FY2022

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

GHG emissions and Carbon intensity

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.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q4	3,972	2,980	992	10,700	35,355	112
2020Q4	4,850	3,600	1,250	8,840	32,184	151
2019Q4	5,370	4,050	1,320	8,920	32,136	167
2018Q4	6,270	4,790	1,480	9,530	32,765	191
2017Q4	5,610	3,960	1,650	9,280	31,657	177
2016Q4	5,920	4,140	1,780	9,420	30,109	197
2015Q4		3,770		8,550	30,274
2014Q4		4,390		9,200

3M

Carbon footprint

Primary Climate Goal

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

GHG emissions and Carbon intensity

3M's carbon footprint

Company environmental metrics