3M has upped the ante on sustainable practices by committing to a Sustainability Value Commitment for all new products introduced beginning in 2019.
The huge business made the pledge at the United Nation Climate Change Conference (COP24) this month. 3M launches approximately 1,000 new products each year across a variety of sectors, including Consumer, Industrial and Safety & Graphics.
“Sustainability is at the core of 3M—but we’re looking to do more,” said John Banovetz, Chief Technology Officer, 3M. “Today at COP24 we are proud to formalise our commitment to this next step in innovating for a sustainable future.”
3M invests 6% of revenue into R&D, much of which is dedicated to new products. Back in 1975, 3M made a long-standing commitment to Sustainability with the Pollution Prevention pays programme. The business has 2025 Sustainability goals that include water, climate and energy targets. 3M has long been a recognised leader in Sustainability and has been listed on the Dow Jones Sustainability Index for 19 consecutive years.