3M Co

Common Name
3M
Country
United States
Sector
Industrials
Industry
Conglomerates
Employees
61,500
Ticker
MMM
Exchange
NEW YORK STOCK EXCHANGE, INC.
Website
www.3m.com
Description
3M Company, often recognized for its innovative approach, is a diversified technology corporation that caters to various consumer and industrial needs across the globe. With a robust presence in multi...

3M Energy Data Preview

In 2023, 3M disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.

3M also reported how it meets its energy needs through a mix of purchased and self-generated energy, offering insight into its sourcing strategy and level of energy independence.

Additionally, 3M also disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.

Finally, 3M also reported the types of energy sources as well as generation technologies, both for purchased and self-produced energy, helping stakeholders evaluate 3M's reliance on fossil fuels versus cleaner alternatives.

Metric (GJ)2024202320222021 - 2017
Total Energy Consumed
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Renewable Energy Consumed
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Non-renewable Energy Consumed
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Electricity Consumed
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This table provides a simplified preview of selected energy data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into 3M's Energy Renewability

In 2023, 3M consumed a total of 27.04 million Gigajoules of energy across its operations. Of this total, 21.04% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 78.96% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power.

3M's Energy Renewability Rate

21%

How much of 3M's energy consumed is renewable?

In 2023, 3M consumed a total of 27.04 million Gigajoules of energy, of which 21.04% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power.

This low level of renewable energy use highlights a heavy reliance on fossil fuels or other non-renewable sources, suggesting that 3M has considerable room to improve its energy sustainability strategy.

Are 3M's energy practices becoming more sustainable?

Since 2021, 3M's total energy consumption decreased by 10.27%, including a further 8.3% drop in 2023, highlighting a continued decline in energy use.

Over the same period, the share of renewable energy in 3M's consumption increased by 15.85%, including a 7.02% increase in 2023, showing consistent progress in clean energy adoption.

Overall, 3M has reduced its total energy consumption while steadily increasing its use of renewables, reflecting a strong commitment to reducing its energy-related environmental footprint.

3M's Renewable vs Non-renewable Energy Over Time

25.93 M10.93 M4.07 M25.93 MGigajoules (GJ)20212022202319%20%22%81%80%78%
  • Renewable Energy Consumed
  • Non-renewable Energy Consumed

Insights into 3M's Energy Consumption & Production Mix

In 2023, 3M disclosed detailed information on the sources and generation technologies of the energy it consumed. This disclosure enables a clearer assessment of the 3M's overall energy mix, its sourcing strategy, and its reliance on fossil fuels versus cleaner alternatives such as renewables and low-carbon technologies.

3M's Energy Consumed by Sources and Technologies

Natural Gas(57.5%)Solar Energy,Electricity(Unspecified Source)and Wind Energy(36.3%)

What are the main sources and generation technologies behind 3M's energy consumption?

In 2023, 3M's total energy consumption was primarily sourced from

  • Natural Gas (57.52%)
  • Solar Energy, Electricity (Unspecified Source) and Wind Energy (36.3%)
  • Steam (Unspecified Source) (3.41%)

How diverse is 3M’s energy consumption mix?

In 2023, 3M consumed energy from 9 different sources or generation technologies, indicating a moderately diverse energy mix, with some concentration in a primary source.

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