3M to Invest $1 Billion to Achieve Carbon Neutrality, Reduce Water Use, and Improve Water Quality
3M is aiming for a 50% reduction in carbon emissions by 2030, an 80% reduction by 2040, and 100% carbon neutrality in its operations by 2050.
3M recently announced it expects to invest approximately $1 billion over the next 20 years to accelerate new environmental goals: achieve carbon neutrality by 2050, reduce water use by 25% at its facilities, and return higher quality water to the environment after use in manufacturing operations. (2019 will be the baseline measure year for these new commitments.)
"As we grow 3M, we will lead in environmental stewardship, social equity and justice, and corporate governance," said Mike Roman, chairman and CEO. "We are taking action now to bend the curve on carbon emissions and water use, and improve water quality. Our investments will make us more effective and efficient and drive growth. Today's announcements demonstrate again how 3M applies science to improve lives to help shape the world through cleaner air, better water quality, and less waste."