Energy Efficiency, GHG Emissions, Industrial - October 7, 2024
3M Receives SBTi Validation
Manufacturer 3M announced that its near-term science-based emissions reduction targets have been validated by the Science Based Targets initiative (SBTi).
This milestone reaffirms 3M's ongoing commitment to climate action and decarbonization of its operations.
"3M has a long history of reducing its greenhouse gas emissions. The validation of our targets by SBTi reflects years of collaboration and dedication by 3Mers working on a detailed action plan to innovate across our portfolio to decarbonize industry, accelerate our climate solutions and improve our environmental footprint," said Gayle Schueller, senior vice president and chief sustainability officer at 3M, in a statement. "We will continue to drive innovation in our products and our processes, empowering customers to reach their sustainability goals, and working together to build a low-carbon economy."
The SBTi validated the following near-term targets for 3M:
- Reduce absolute Scope 1 and 2 GHG emissions by 52.6% by 2030 from a 2019 baseline
- Reduce absolute Scope 3 emissions by 42% by 2030 from a 2021 baseline
The announcement of SBTi validation of 3M's first Scope 3 GHG emissions target is a milestone in the company's journey to account for a portfolio that spans across industries including automotive, protective safety, energy, consumer packaged goods and electronics.
3M has been documenting and reporting Scope 1 and 2 inventory since 2002 and has been developing its Scope 3 emissions inventory since 2011 in line with the GHG Protocol Corporate Value Chain (Scope 3) Accounting and Reporting Standard.
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