As part of its new sustainability goals, 3M (NYSE: MMM) aims to improve its energy efficiency 25% by 2015.
3M's 2015 Sustainability Goals build upon its record of environmental achievements, which go back to 1990.
Since 1990, the company has reduced volatile air emissions 95%, cut greenhouse gases 72% and reduced solid waste indexed to sales by 66%.
Those achievements have built its reputation as a global sustainability leader. The company ranked #2 on Interbrand's 2011 Best Global Green Brands List. A study by Brand Logic found that investment professionals, purchasing/supply management professionals and graduating students from the US, China, Japan, Germany, UK and India also perceive the company as a leader.
In 2010 it broadened its ambitions to include social responsibility and economic success, in addition to environmental stewardship.
3M's 2015 Sustainability Goals are:
- Reduce volatile air emissions 15% by 2015 from 2010 base year (indexed to net sales)
- Reduce waste 10% by 2015 from 2010 base year, indexed to net sales (total emission divided by net sales)
- Improve energy efficiency 25% by 2015 from 2005 base year, indexed to net sales
- Reduce greenhouse gas emissions 5% by 2011 from 2006 base year, indexed to net sales (this goal was set in 2007)
- Develop water conservation plans in 3M locations where water is categorized as scarce or in a stressed area.
- Develop community stakeholder engagement plans at 3M facilities
- Promote a road to Environmental, Health and Safety (EHS) Excellence at new 3M Sites
- Review at least 80% of supplier spending in the following countries: China, India, Korea, Malaysia, Taiwan, Thailand, Brazil, Mexico, Russia, and Turkey to drive conformance with 3M EHS, Transportation & Labor/Human Relations Standards by 2015
- Enhance the environmental sustainability attributes of new products
3M updates its progress on its sustainability website: