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's GHG Emissions Data Preview

In 2024, 3M completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

3M has also provided a category-level breakdown for 13 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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0000000
Location-Based
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind 3M’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore 3M’s data sources below and access millions more through our Disclosure Search.

a. 3M's ESG Data Spreadsheet 2024
a. 3M's ESG Data Spreadsheet 2024
b. 3M's Impact Report 2022
b. 3M's Impact Report 2022

Insights into 3M's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of 3M amounted to 2,630,000 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of 3M decreased by 23.77%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

3M's Scope 1 Emissions Over Time

201820192020202120222023202401.5 M3 M4.5 M6 MtCO2e-15%-11%-17%-20%-4%-34%
  • Total Scope 1
  • Year-over-Year Change

What are 3M's Scope 1 emissions?

In 2024, the total Scope 1 emissions of 3M were 1,500,000 metric tons of CO₂ equivalent (tCO₂e). a

Has 3M reduced its Scope 1 emissions over time?

Since 2018, 3M's Scope 1 emissions have decreased by 68.68%, reflecting a declining long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2023), 3M's Scope 1 emissions decreased by 34.21%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are 3M's Scope 2 emissions?

In 2024, 3M reported Scope 2 greenhouse gas (GHG) emissions of 558,000 tCO₂e using the market-based method and 1,130,000 tCO₂e using the location-based method. a

Has 3M reduced its Scope 2 emissions over time?

Since 2018, 3M's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 39.25%, reflecting a declining long-term trend in Scope 2 emissions over time. a b

Compared to the previous year (2023), 3M's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that 3M 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does 3M use for Scope 2 reporting?

In 2024, 3M reported its Scope 2 emissions using the market-based method and using the location-based method. a

3M's Scope 2 Emissions Over Time

20182019202020212022202320240500 k1 M1.5 M2 MtCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into 3M's Value Chain Emissions

In 2024, 3M reported 29,900,000 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2024 disclosure of 3M includes a breakdown across 13 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

3M's Scope 3 Emissions Over Time

201820192020202120222023202409.5 M19 M28.5 M38 MtCO2e-6%+8%+21%+224%-14%-7%
  • Total Scope 3
  • Year-over-Year Change

What are 3M's Scope 3 emissions?

In 2024, 3M reported total Scope 3 emissions of 29,900,000 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 25.3% of these emissions originated from upstream activities such as purchased goods and capital goods, while 74.7% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has 3M reduced its Scope 3 emissions over time?

Since 2018, 3M's Scope 3 emissions have increased by 213.75%, reflecting a rising long-term trend in Scope 3 emissions over time. a b

Compared to the previous year (2023), 3M's Scope 3 emissions remained relatively stable, indicating that 3M 's emissions have plateaued with no significant change in its value chain footprint. a

What categories of Scope 3 emissions does 3M disclose?

In 2024, 3M reported emissions for 13 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This reflects a high level of granularity and transparency in the company's emissions reporting.

What are the main sources of 3M's Scope 3 emissions?

In 2024, the largest contributors to 3M's Scope 3 emissions were: a

  • Use of Sold Products (Cat. 11): 21,100,000 tCO₂e (70.46%)
  • Purchased Goods and Services (Cat. 1): 4,510,000 tCO₂e (15.06%)
  • Upstream Transportation and Distribution (Cat. 4): 1,300,000 tCO₂e (4.34%)

3M's Scope 3 Emissions by Categories

UpstreamTransportation andDistribution(Cat. 4)(4.3%)Use of Sold Products(Cat. 11)(70.5%)Purchased Goods andServices (Cat. 1)(15.1%)

Insights into 3M’s GHG Emissions Intensity Compared to Industry Peers

In 2024, 3M reported Scope 1 greenhouse gas (GHG) emissions of 1,500,000 tCO₂e and total revenues of USD 24,575 millions. This translates into an emissions intensity of 61.04 tCO₂e per millions USD. a

3M's Scope 1 Emissions Intensity Compared to Peers

1,00020,000200,0005,000,000100,000,000Scope 1 Emissions (tCO2e)5002,00010,00050,000200,000Revenues (Millions of USD)Norfolk SouthernYear: 2023Scope 1: 4,097,539 tCO2eRevenue: $M 12,156Scope 1 Intensity: 337.08 tCO2e/$MWaste Management IncYear: 2023Scope 1: 14,938,730 tCO2eRevenue: $M 20,426Scope 1 Intensity: 731.36 tCO2e/$MJ B Hunt Transport ServicesYear: 2024Scope 1: 1,821,012 tCO2eRevenue: $M 12,087Scope 1 Intensity: 150.66 tCO2e/$MStanley Black & DeckerYear: 2024Scope 1: 101,044 tCO2eRevenue: $M 15,366Scope 1 Intensity: 6.58 tCO2e/$MJacobs SolutionsYear: 2023Scope 1: 16,512 tCO2eRevenue: $M 10,852Scope 1 Intensity: 1.52 tCO2e/$MFluorYear: 2024Scope 1: 6,420 tCO2eRevenue: $M 16,315Scope 1 Intensity: 0.39 tCO2e/$MGlobal PaymentsYear: 2024Scope 1: 7,797 tCO2eRevenue: $M 10,106Scope 1 Intensity: 0.77 tCO2e/$MEmerson ElectricYear: 2024Scope 1: 64,976 tCO2eRevenue: $M 17,492Scope 1 Intensity: 3.71 tCO2e/$MAvis Budget GroupYear: 2023Scope 1: 6,349,360 tCO2eRevenue: $M 12,664Scope 1 Intensity: 501.37 tCO2e/$MCSXYear: 2023Scope 1: 4,239,321 tCO2eRevenue: $M 14,657Scope 1 Intensity: 289.24 tCO2e/$MTransDigm GroupYear: 2023Scope 1: 42,622 tCO2eRevenue: $M 6,585Scope 1 Intensity: 6.47 tCO2e/$MComfort Systems USAYear: 2024Scope 1: 74,122 tCO2eRevenue: $M 7,027Scope 1 Intensity: 10.55 tCO2e/$MOtis WorldwideYear: 2024Scope 1: 120,275 tCO2eRevenue: $M 14,261Scope 1 Intensity: 8.43 tCO2e/$MCarrier GlobalYear: 2024Scope 1: 147,343 tCO2eRevenue: $M 22,486Scope 1 Intensity: 6.55 tCO2e/$MDeere & CoYear: 2024Scope 1: 353,900 tCO2eRevenue: $M 50,518Scope 1 Intensity: 7.01 tCO2e/$MHoneywell InternationalYear: 2024Scope 1: 750,530 tCO2eRevenue: $M 38,498Scope 1 Intensity: 19.50 tCO2e/$MCaterpillarYear: 2024Scope 1: 680,000 tCO2eRevenue: $M 64,809Scope 1 Intensity: 10.49 tCO2e/$MGeneral DynamicsYear: 2023Scope 1: 323,044 tCO2eRevenue: $M 42,272Scope 1 Intensity: 7.64 tCO2e/$MGE VernovaYear: 2024Scope 1: 226,811 tCO2eRevenue: $M 34,935Scope 1 Intensity: 6.49 tCO2e/$MOwens CorningYear: 2024Scope 1: 1,662,166 tCO2eRevenue: $M 10,975Scope 1 Intensity: 151.45 tCO2e/$MCopartYear: 2024Scope 1: 91,800 tCO2eRevenue: $M 4,237Scope 1 Intensity: 21.67 tCO2e/$MHexcelYear: 2024Scope 1: 180,594 tCO2eRevenue: $M 1,903Scope 1 Intensity: 94.90 tCO2e/$MCraneYear: 2023Scope 1: 13,970 tCO2eRevenue: $M 2,086Scope 1 Intensity: 6.70 tCO2e/$MValmont IndustriesYear: 2024Scope 1: 113,873 tCO2eRevenue: $M 4,075Scope 1 Intensity: 27.94 tCO2e/$M3MYear: 2024Scope 1: 1,500,000 tCO2eRevenue: $M 24,575Scope 1 Intensity: 61.04 tCO2e/$M

How does 3M's GHG emissions intensity compare to its peers?

In 2024, 3M reported a Scope 1 emissions intensity of 61.04 tCO₂e per millions USD. Compared to the peer group median of 9.46 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does 3M rank on GHG emissions intensity within its industry?

In 2024, 3M ranked 18 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

3M is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into 3M's Total Carbon Footprint

In 2024, 3M reported a total carbon footprint of 32,530,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 9.01% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to 3M's total carbon footprint was Scope 3 emissions, accounting for 91.92% of the company's total carbon footprint, followed by Scope 1 emissions at 4.61%. a

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