3M (St. Paul, Minn.) announced plans to invest approximately $1 billion over the next 20 years to achieve 100% carbon neutrality by 2050, improve water quality and decrease water usage at its facilities by 25%.
The company’s goal is to reduce water use 10% by 2022, 20% by 2025 and 25% by 2030. By the end of 2023, 3M expects to install “state-of-the-art” water purification technology at all of its largest water-using locations.
As for carbon emissions, 3M is aiming for a 50% reduction by 2030, an 80% reduction by 2040 and complete neutrality by 2050.
"We are bringing our innovation to bear on the climate challenges we all face, so we can more rapidly bend the curve on carbon emissions and water use," Chairman and CEO Mike Roman stated. "Since 2000, while continuing to grow our company, we've significantly reduced our greenhouse gas emissions, our global headquarters is completely powered by renewable electricity, and we are advancing our goal of reducing waste globally by targeting it at the source—working to eliminate single-use plastics and converting more facilities to zero landfill status."
3M has factories in 29 states and operates in about 70 countries, according to the StarTribune.
