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1、Advancingour impact2023 Global Impact Report2About reportSite spotlightsWhat we createHow we workWho we areOn the coverCover image of Battery Park in New York City,site of Climate Week NYC,September 2022.We hosted the 3M Climate Innovation Center to showcase some of our recent solutions that help co

2、mbat climate change and advance our ambitious carbon neutrality goal.3M innovations for decarbonization,electrification,waste reduction,and more were presented in an interactive display.Watch attendees interact with our solutions(video,0:59)reduction in Scope 1 and 2 location-based GHG emissions sin

3、ce 200278.8%3M 2023 Global Impact ReportOur carbon neutrality goalReduce Scope 1 and 2 market-based GHG emissions by at least 50%by 2030,80%by 2040,and achieve carbon neutrality in our operations by 2050since 201937.8%ReducedVisit our Global Impact website to access digital content.3About reportSite

4、 spotlightsWhat we createHow we workWho we areContents3M 2023 Global Impact ReportLeadership messagesMike Roman,Chief Executive Officer 4Gayle Schueller,Chief Sustainability Officer 4Who we are3M at a glance 7 Leading with purpose 8 Sustainability goals and progress 12Communities 26Diversity,equity,

5、and inclusion 33How we workCorporate governance 37Enterprise risk 41Corporate Code of Conduct 43Human rights 50Compensation 56Employee programs 59Environmental,health,and safety management 65Circular materials 74Climate and energy 82Suppliers 94What we createInnovation management 101Customer-inspire

6、d innovation 109Site spotlightsBrownwood,Texas 115Sagamihara,Japan 117Ranjangaon,India 119About reportAbout report,scope,and boundaries 122GRI index 126SASB index 140Assurance statement 143Metric tables 1474About reportSite spotlightsWhat we createHow we workWho we areLeadership messagesMike Roman C

7、hairman of the Board and Chief Executive Officer Last year marked the 120-year anniversary of 3M.Many successful companies are founded on one big idea:for us,it was the power of material science to change the world.Thats our purpose as an enterprise,and it continues to drive us today.Read the rest o

8、f Mike Romans letter.Gayle Schueller Senior Vice President and Chief Sustainability Officer Looking back on 2022,Im proud of the strides 3M made toward our sustainability commitments.We hit major milestones,strengthened important collaborations,engaged meaningfully with the public,and sharpened our

9、focus for the future.Having set several ambitious goals the prior year,in 2022 we pursued them with urgency and intent.In collaboration with internal and external partners,we made progress on multiple fronts for our carbon,water,and waste footprints.Among our accomplishments,we achieved 50%renewable

10、 energy across our global operations two years ahead of our 2025 timeline.We also made substantial reductions in our carbon footprint:a 37.8%reduction of our greenhouse gas emissions since 2019,building on our 78.8%reduction since 2002.We reduced our use of virgin fossil-based plastic by 35.7 millio

11、n pounds and further affirmed our commitment to plastics reduction by endorsing the Business Coalition for a Global Plastics Treaty.Were ahead of our 2022 water usage goal with a reduction of more than 10%,and we continue to engage with the Water Resilience Coalition to help define net water positiv

12、e and drive progress as a member of the leadership committee.To advance our social commitments,we created the position of director of environmental justice.With a dedicated leader in this important area,we now have a full complement of equity-based community initiatives,which include programs for ST

13、EM education,workforce upskilling,social justice,and giving and volunteering.At the same time,we press forward with our diversity goals for 3Ms workforce through our recruitment,hiring,and retention processes.As we expand research and development into emerging technologies,were creating new climate-

14、focused innovations,including for green hydrogen production and low-carbon-intensity energy separations.We were delighted to introduce some of these new technologies at Climate Week NYC in September 2022.At the 3M Climate Innovation Center,participants had the opportunity to interact with our latest

15、 solutions for decarbonization,electrification,energy efficiency,waste reduction,and sustainable infrastructure.Leadership messages|3M 2023 Global Impact Report5About reportSite spotlightsWhat we createHow we workWho we areLeadership messages|3M 2023 Global Impact ReportIn November we had a robust p

16、resence at COP27.Along with a variety of 3M stakeholders,I participated in several sessions through our partnerships with the United Nations Framework Convention on Climate Change(UNFCCC)and other industry groups and nongovernmental organizations.It was also my pleasure to speak on clean energy,ener

17、gy security,and collaborating for climate solutions.Climate Week NYC and COP27 represent two of many engagements we participated in last year.We know that 3Ms impact is best amplified when we work with others,sharing knowledge and resources to strengthen our collective action toward a more sustainab

18、le future.While we celebrate our progress,we continue to act with urgency.3M has the capability and responsibility to create positive impact well beyond our own footprint.Well partner with customers,nongovernmental organizations,and other thought leaders to design and lead an equitable and sustainab

19、le tomorrow.With science at our heart,were positioned to leverage innovation,technology,and collaboration with our customers and other stakeholders to create solutions not yet imagined as we strive to solve the worlds greatest challenges.2023 will be a transformative year for 3M.Were preparing for t

20、he spinoff of our Health Care business and the emergence of two world-class public companies poised for continued growth.Were evaluating the sustainability contexts for both companies and preparing them to advance along their respective paths for the greatest possible impact.Its never been more impo

21、rtant for 3M to focus on our sustainability commitments and take action.In this transformational moment,the foundation we build going forward will be critically important.For the future of 3M,for the future of our planet,and for future generations,we must continually reimagine whats possible.Achieve

22、d over 50%renewable energy across our global operations two years ahead of our 2025 timeline6About reportSite spotlightsWhat we createWho we are3M 2023 Global Impact Report Who we are3M at a glance 7Leading with purpose 8Sustainability goals and progress 12Communities 26Diversity,equity,and inclusio

23、n 33How we work73M at a glance$34.2Bin salesSales in200countries100+straight years of dividends$1.7Bin capital investments200sites51Technology Platforms92Kemployees globallyOne of30companies on the Dow Jones Industrial Average132KpatentsMore than800brands and trademarksOver55Kproducts$1.9Bin R&D spe

24、ndOur purpose:Unlock the power of people,ideas,and science to reimagine whats possible3M at a glance|3M 2023 Global Impact ReportAbout reportSite spotlightsWhat we createWho we areHow we work8Leading with purpose|3M 2023 Global Impact ReportLeading with purposeOur commitmentWe use a science-based ap

25、proach to reimagine whats possible as we rise to the challenges that are most material to 3M and critical to our planet and its people.Our goals and environmental,social,and governance(ESG)metrics reflect a heightened commitment to thinking holistically about how our people,products,and operations c

26、an all contribute to a better and brighter future.Our impactIn 2022,we continued to build momentum around science and collaboration in our operations and our communities.We acted with urgency to implement solutions that help us achieve our sustainability goals for the environment,our communities,and

27、 most importantly the people they impact.For over 120 years,3M has been dedicated to science and exploration,taking on global challenges and developing solutions for our customers.As a company,were guided by our Purpose,Promise,and Principles as we create unique and differentiated value for our cust

28、omers,shareholders,and stakeholders.Our PurposeUnlock the power of people,ideas,and science to reimagine whats possibleOur PromiseImprove lives by helping solve the worlds greatest challengesOur PrinciplesScience-based performanceUnparalleled expertise,extraordinary outcomesMakers of whats nextStren

29、gth in collaborationChange for goodThese bind us together as one 3M,unified in our ambitions and empowered to drive long-term growth,reputation,and impact with every action.These collective ideals correspond to expectations from our customers,investors,and employees.About reportSite spotlightsWhat w

30、e createWho we areHow we work9Leading with purpose|3M 2023 Global Impact ReportUnique and differentiated valueThe power of 3M is in the way we connect our fundamental strengths of technology,manufacturing,global capabilities,and brand to our customers.These strengths define us as an enterprise and c

31、ombine to build a business greater than the sum of its parts.We possess a deep understanding of what differentiates us in our performance across every business in our enterprise.It truly reflects how were linked together in our portfolio,even while operating in multiple industries and countries.Robu

32、st intellectual property supports our technology,positioning us to do unique things with and for our customers.Read about 3Ms four business groups on pages 4 5 of our 2022 Annual Report on Form 10-K.3M is also about manufacturing capability.We have a competitive advantage through in-house manufactur

33、ing site ownership.A quarter of our intellectual property sits in manufacturing,much of it in trade secrets,allowing us to deliver higher-quality,better-performing,and more competitive products to the marketplace.True global capabilities require more than just presence in markets around the world.Th

34、ey require the skills of our global organization to execute our business models so we can enter those markets successfully and take our fundamental strengths almost anywhere in the world as we apply science to improve every life.2022 global capabilitiesSales in200countries/regionsManufacturing&conve

35、rting in29countries/regionsLaboratory&application engineering in47countries/regionsSales&marketing operations in 66countries/regionsSwitzerlandFinlandKenyaSouth AfricaNigeriaIsraelSaudi Arabia3M Gulf1IndiaJapanSouth KoreaChinaUkraineKazakhstanTaiwanPhilippinesVietnamAustraliaMalaysiaIndonesiaSingapo

36、reNew ZealandNorwayItalySpainPortugalDenmarkMoroccoEgyptTurkeyGreeceUK/GermanyBelgiumNetherlandsIrelandFranceUnited StatesCanadaMexicoGuatemalaEl SalvadorCosta RicaTrinidad&TobagoColombiaPanamaPeruArgentinaUruguayJamaicaEcuadorBrazilPuerto Rico KeyPakistanTechnical capabilitiesManufacturing&converti

37、ngSales&marketing operationsHondurasChileBoliviaParaguayDominicanRepublicSwedenAustriaLithuaniaLatviaEstoniaCzechiaHungarySlovakiaRomaniaPolandThailandSales in 200 countries/regionsManufacturing&converting in Laboratory&application engineering in 47 countries/regions Sales and marketing operations i

38、n 67 countries/regions13M Gulf consists of UAE,Qatar,Lebanon,Egypt,Oman,Kuwait,and Bahrain SwitzerlandFinlandKenyaSouth AfricaNigeriaIsraelSaudi Arabia3M Gulf1IndiaJapanSouth KoreaChinaUkraineKazakhstanTaiwanPhilippinesVietnamAustraliaMalaysiaIndonesiaSingaporeNew ZealandNorwayItalySpainPortugalDenm

39、arkMoroccoEgyptTurkeyGreeceUK/GermanyBelgiumNetherlandsIrelandFranceUnited StatesCanadaMexicoGuatemalaEl SalvadorCosta RicaTrinidad&TobagoColombiaPanamaPeruArgentinaUruguayJamaicaEcuadorBrazilPuerto Rico KeyTechnical capabilitiesManufacturing&convertingSales&marketing operationsHondurasChileBoliviaP

40、araguayDominicanRepublicSwedenAustriaLithuaniaLatviaEstoniaCzechiaHungarySlovakiaRomaniaPolandThailandSales in 200 countries/regionsManufacturing&converting in 13M Gulf consists of UAE,Qatar,Lebanon,Egypt,Oman,Kuwait,and Bahrain Connected fundamental strengths:Technology|Manufacturing|Global capabil

41、ities|BrandAbout reportSite spotlightsWhat we createWho we areHow we work10Our Strategic Sustainability Framework3Ms corporate Purpose expresses our ambition to leverage our passion for science to reimagine whats possible.Together with our Promise and Principles,it drives and informs our approach to

42、 sustainability.As we build on our global capabilities and diverse technologies,we have clear commitments and bold ambitions to shape a sustainable future within our Strategic Sustainability Framework and its three organizing pillars:Science for Circular,Science for Climate,and Science for Community

43、.Within these pillars,we build partnerships,implement projects,and develop processes that move us forward in the areas where we can make the greatest impact.Science for CircularDesign solutions that do more with less material,advancing a global circular economy.We must reimagine our traditional glob

44、al economys linear business model that strains ecosystems by depleting natural resources faster than they can be replenished.In its place,a circular model uses these essential resources only while having a net positive impact on supply,and it eliminates reliance on nonrenewable finite resources alto

45、gether.It measures business success in large part on the ability to do more with less,keeps products and materials in use,designs out waste and pollution,and restores and regenerates natural systems and biodiversity.At 3M,we understand the urgency of this issue,and we see the circular economy as an

46、opportunity to create impactful solutions,inspire leadership,and implement disruptive change across all industries.For more information,see the Circular materials section.Science for ClimateInnovate to decarbonize industry,accelerate global climate solutions and improve our environmental footprint.T

47、he impacts of global climate change on our planet and its people have never been clearer.Extreme weather events,rising sea levels,urban heat islands,elevated pollution levels,poor air quality,and scarce resources have underscored how urgently corporations must act to try to slow these harmful effect

48、s to both our natural and built ecosystems.At 3M,were advancing our impact through more significant intermediate and long-term goals and actions that align with the latest findings by the Intergovernmental Panel on Climate Change(IPCC).We expect to invest heavily both in our efforts to meet our envi

49、ronmental goals,which include achieving carbon neutrality by 2050,and in our innovation,adapting our business to grow in sectors that support decarbonization.We believe that by working together with our employees,customers,suppliers,government,and communities,we can help drive systemic change.For mo

50、re information,see the Climate and energy section.Science for CommunityCreate a more positive world through science and inspire people to join us.Leveraging science,innovation,and collaboration,we help solve global challenges like climate change,public health and safety,health care inequality,and ot

51、her inequities in communities around the world.We recognize the importance of equal access to science,technology,engineering,and mathematics(STEM)education and careers.Equitable opportunities in STEM lead to stronger communities,a stronger 3M,and a brighter collective future.We also commit to advanc

52、ing diversity,equity,inclusion,and social and environmental justice within our company and community.Together with our partners,we will advance an equitable and sustainable future for all.For more information,see the Communities section.Leading with purpose|3M 2023 Global Impact ReportAbout reportSi

53、te spotlightsWhat we createWho we areHow we work11Leading with purpose|3M 2023 Global Impact ReportTransforming aspirations into actionWhile we began our environmental and social efforts decades ago,our goals and ambitions grow and gain momentum as we recognize how much remains to be done to make th

54、e world more sustainable for future generations.1932 3Ms short-term and long-term disability coverage,pension plan,and unemployment insurance plan begin1975 Pollution Prevention Pays(3P)program starts.Weve completed more than 16,300 3P projects,preventing more than 2.88 million short tons of polluti

55、on and saving over$2.37 billion1987 3M Air Emission Reduction Program launches,driving an 88%reduction in volatile organic compounds air emissions by 20011996 With formalization of our Life Cycle Management System,we embed environmental,health,and safety considerations into new product development20

56、02 Completion of first greenhouse gas(GHG)emission inventory(Scope 1 and 2)20192021 We accelerate our ambitions by announcing 12 new or expanded goals across all three pillars,including requiring a Sustainability Value Commitment for 100%of new products,achieving carbon neutrality in our operations,

57、and investing$50 million toward equitable workforce development and STEM education in the U.S.Our sustainability goals reflect our deepened commitment to going beyond compliance and thinking holistically about how our operations and products affect the world and every life in it.We see the opportuni

58、ty to drive systemic change within our Strategic Sustainability Framework,its three pillars,and their corresponding goals.1930s1970s1980s1990s2000s2020sAbout reportSite spotlightsWhat we createWho we areHow we work12Science for CircularDesign solutions that do more with less material,advancing a glo

59、bal circular economy2022 goal resultsLeading with purpose|3M 2023 Global Impact Report44.9%of sites achieved zero landfillOutpacing Achieve zero landfill status at more than 30%of manufacturing sitesLearn more2025 goal2015457completed supplier assessmentsOn pace Drive supply chain sustainability thr

60、ough targeted raw material traceability and supplier performance assuranceLearn more2025 goal201554.2 million pounds of plastic reducedOn pace Reduce dependence on virgin fossil-based plastic by 125 million pounds by the end of 2025Learn more2025 goal202117identified manufacturing sitesOn pace Engag

61、e 100%of water-stressed/scarce communities where 3M manufactures on communitywide approaches to water managementLearn more2025 goal2015100%Sustainability Value Commitment for new productsOn pace Require a Sustainability Value Commitment(SVC)for every new product1Learn more2025 goal20190.58%manufactu

62、ring waste reducedBehind Reduce manufacturing waste by an additional 10%,indexed to salesLearn more2025 goal201516.8%increased water efficiencyOn pace Reduce global water usage by the following amounts:10%by 2022,20%by 2025,and 25%by 2030,indexed to sales2Learn more2025 goal2019We are ahead of sched

63、ule in installing state-of-the-art filtration technologies On pace For 3Ms global manufacturing operations,enhance the quality of water returned to the environment from industrial processes by 2030.3,4 Our initial focus is on implementing state-of-the-art water purification technology at the largest

64、 water use locations globally and having them fully operational by 2024Learn more2024 goal20191 For projects passing a gate in our new product commercialization process;an SVC describes how the product drives positive impact for our stakeholders in alignment with our Strategic Sustainability Framewo

65、rk.2 Expands our previous commitment,which aimed to reduce water use by 10%between 2015 and 2025.2019 is the baseline measurement year.3 By improving the weighted average of priority constituents,including select metals,biochemical oxygen demand(BOD),chemical oxygen demand(COD),cyanide compounds,flu

66、oride,total nitrogen,oil&grease,fluorochemicals(PFAS),total dissolved solids(TDS),total suspended solids(TSS),sulfate,and others.4 Water used by manufacturing or industrial processes,including all water use not defined as domestic(sanitary,cafeteria,etc.).About reportSite spotlightsWhat we createWho

67、 we areHow we work13Science for ClimateInnovate to decarbonize industry,accelerate global climate solutions and improve our environmental footprint2022 goal results78.8%reduction in Scope 1 and 2 location-based GHG emissions since 2002Leading with purpose|3M 2023 Global Impact Report121M metric tons

68、 CO2equivalentOn pace Help our customers reduce their GHGs by 250 million tons of CO equivalent emissions through the use of our productsLearn more2025 goal201513.1%improved energy efficiencyBehind Improve energy efficiency,indexed to net sales,by 30%Learn more2025 goal201537.8%Scope 1 and 2 GHG emi

69、ssions reducedOn pace Reduce Scope 1 and 2 market-based GHG emissions by at least 50%by 2030,80%by 2040,and achieve carbon neutrality in our operations by 20501Learn more2030 goal201951.9%renewable energyOutpacing Increase renewable energy to 50%of total electricity use by 2025 and to 100%by 2050Lea

70、rn more2025 goal20151 Expands our previous 2025 goal to stay below 50%of our 2002 baseline,meaning 3Ms 2030 Scope 1 and 2 emissions will now be reduced by more than 85%from 2002 levels.2019 is the baseline measurement year.About reportSite spotlightsWhat we createWho we areHow we work14Science for C

71、ommunityCreate a more positive world through science and inspire people to join us2022 goal resultsLeading with purpose|3M 2023 Global Impact Report45.1%diverse talent in managementOn pace Double the pipeline of diverse talent in management globally to build a diverse workforce by 20301Learn more203

72、0 goal20159.02%workforce diversityOn pace Double the representation of underrepresented groups from entry-level through management in our U.S.workforce2Learn moreOngoing goal2020100%pay equity globallyOn pace Maintain or achieve 100%pay equity globallyLearn moreworkforce development and STEM investm

73、entOngoing goal2020$23.6M On pace Invest$50 million to address racial opportunity gaps in the U.S.through workforce development and STEM education initiatives by the end of 2025Learn more2025 goal2021$82.1Minvested in cash and productsOn pace Invest cash and products for education,community,and envi

74、ronmental programsLearn more2025 goal201581.8Kskills-based work hoursOn pace Provide 300,000 work hours of skills-based volunteerism by 3M employees to improve lives and help solve societys toughest challenges by the end of 20254Learn more2025 goal20191.04M learning experiencesOn pace Advance econom

75、ic equity by creating 5 million unique STEM and skilled trades learning experiences for underrepresented individuals by the end of the 2025-26 school year3Learn more2025 goal20216.39%workforce diversityOn pace Double the representation of underrepresented groups in management positions in our U.S.wo

76、rkforce2Learn moreOngoing goal20204.91Mtraining instancesOutpacing Provide training to 5 million people globally on worker and patient safetyLearn more2025 goal20151 In 2021,3M updated the goal maturity date to 2030 from 2025.See 3Ms 2021 Global Diversity,Equity&Inclusion Report for more details.2 U

77、nderrepresented groups in our 3M U.S.workforce include Black/African American and Hispanic/Latino employees.3 3M defines underrepresented individuals in the U.S.using National Science Foundation research.For global definitions,we rely on gender diversity and local context for marginalized population

78、s.4 Goal was initiated in 2019.Skills-based volunteering is primarily delivered through the 3M Impact program.About reportSite spotlightsWhat we createWho we areHow we work15Leading with purpose|3M 2023 Global Impact ReportStakeholder engagementStakeholder engagement and collaborative efforts on our

79、 priority topics are core to how we drive our strategy and actions within our Strategic Sustainability Framework.We continually look to our stakeholders to help us increase our understanding and awareness,seek technical input and expertise,and evaluate possible collaborations and strategic relations

80、hips.We believe stakeholder engagement should be based on candid and authentic dialogue grounded in 3Ms Principles and should help us evolve our strategic priorities.Stakeholder engagement varies greatly by geography,type,and function.For example,we frequently engage 3M employees globally through su

81、stainability communications and events with diverse content based on our priority topics.How we work with stakeholdersStakeholderHow we engageMore informationEmployees and job seekers Respecting human rights and diversity,equity,and inclusion Providing a safe and healthy work environment Providing c

82、ompetitive compensation and benefits Attracting and retaining the highest talent by being a company employees are proud to work forEmployee programsDiversity,equity,and inclusionCommunitiesHuman rightsInvestors and shareholders Delivering profitable returns on investment Disclosing timely,concise,an

83、d relevant information(related to economic,environmental,and social issues)Responding to inquiries Upholding corporate valuesInvestor relations webpageESG metricsCustomers and partners Providing diverse innovative product solutions that help our customers deliver on their promises Offering a diversi

84、fied portfolio of high-quality products Providing products with sustainability attributes to address and help solve global challengesInnovation managementCustomer-inspired innovationGovernment/regulators,nonprofit organizations,NGOs and experts Complying with laws,regulations,and policies Supporting

85、 and engaging on development and modification changes Providing support to advance and solve global issues Partnering to understand societal concernsCorporate governanceClimate and energyDiversity,equity,and inclusionCommunitiesCircular materialsSuppliersLocal communities and consumers Supporting an

86、d engaging in citizenship activities across our value chain Providing economic and social value to communities while minimizing environmental impact Supporting communities to help them thriveCommunitiesEnvironmental,health,and safety managementAcademic/scientific organizations Engaging on technical

87、scientific research to develop innovative solutions for societyCircular materialsClimate and energyInnovation managementCustomer-inspired innovationSuppliers Partnering with suppliers and contractors that meet or exceed expectations Supporting collective efforts to deliver business results Collabora

88、ting to identify,resource,and amplify sustainability initiatives Respecting human rights for workersSuppliersHuman rightsCircular materialsClimate and energyAbout reportSite spotlightsWhat we createWho we areHow we work16Leading with purpose|3M 2023 Global Impact ReportMateriality assessmentEvery ot

89、her year starting in 2014,3M has commissioned an independent research consultancy to help us better understand our stakeholders perspectives on key issues and assess our corporate reputation and leadership opportunities.The 2022 materiality assessment defined our current priority topics from two ang

90、les,called“double materiality.”It assessed how environmental and social issues impact 3Ms financial performance and value,as well as how 3Ms activities impact a broad range of stakeholders.The materiality assessment also explored stakeholder perceptions of our sustainability strategy and its three p

91、illars:Science for Circular,Science for Climate,and Science for Community.Stakeholders included customers,employees,suppliers,nongovernmental organizations,corporate/private sector,academics,consultants,government,media,finance,trade associations,and think tanks,and they represented 3Ms four busines

92、s groups and all areas of operation.Following the 2022 assessment,we analyzed the insights and inputs from stakeholders and developed our Sustainability Priority Matrix.The matrix shows our priority topics and demonstrates how our sustainability goals align with the United Nations 2030 Agenda for Su

93、stainable Development,which includes 17 Sustainable Development Goals(SDGs).The matrix categorizes topics into three priority tiers:Tier 1 Greatest potential for 3M to have impactTier 2 High potential for 3M to have impactTier 3 Moderate potential for 3M to have impact2022 priority tiers at a glance

94、TierTopic Product innovation to solve climate,health,and safety challenges1 Sustainable products and services Climate change and GHG emissions Energy usage and use of renewables Ethical and transparent business practices Chemical management2 Safety of products and services1 Health and safety of empl

95、oyees and contractors Employee diversity,equity,and inclusion Infectious disease and public health issues Plastic and packaging waste Water quality Designing products and packaging with less or no waste1 Manufacturing waste Community health,safety,and well-being1 Responsible sourcing and supplier su

96、stainability1 Human rights and labor practices in the supply chain1 R&D investment1 STEM education,training,and workforce development Employee training,development,and well-being1 Collaboration and partnerships1 Biodiversity and ecosystems1 Water usage and availability Employment and reskilling for

97、underresourced or marginalized communities2 Access to safe and affordable drinking water1 Racial justice and inequality1 Air quality Advocacy,public policy,and engagement to support and promote social justice,science,health,environment,and safety Supplier diversity11 New topic for 2022.2 Topic modif

98、ied from 2020 materiality assessment.123About reportSite spotlightsWhat we createWho we areHow we work17Leading with purpose|3M 2023 Global Impact Report3M Sustainability Priority Matrix:Science for CircularPriority topic&tierOur actionsAdditional informationGoals&commitmentsRelated SDGProduct innov

99、ation to solve climate,health,and safety challengesSustainable products and servicesR&D investmentDesigning products and packaging with less or no wasteSince 2019,weve required every product entering our new product commercialization process to have a Sustainability Value Commitment(SVC),which embed

100、s sustainability into the pipeline that produces 3Ms diverse global products.Considerations include reusability,recyclability,waste reduction,energy and water savings,and responsible sourcing or use of renewable materials appropriate to the specific product throughout its life cycle.In 2022,R&D deve

101、loped SVC training materials to empower product development teams to account for social equity in their process.We serve our customers through a wide range of innovative products that help them improve energy efficiency and reduce their GHG emissions.3M is at the forefront of the global effort to br

102、ing science and innovation to workplace safety.In 2022,3M invested$1.9 billion in research and development.Circular materialsClimate and energyCustomer-inspired innovationInnovation management3M Sustainability Value CommitmentRequire a Sustainability Value Commitment(SVC)for every new product1Help o

103、ur customers reduce their GHGs by 250 million tons of CO equivalent emissions through the use of 3M products by 202512.2,12.58.49.4Safety of products and services Chemical management Product safety,quality,and stewardship must always be primary considerations during the design,manufacturing,marketin

104、g,and sale of 3M products,as outlined by our Product Safety,Quality,and Stewardship Principle.3Ms Chemicals Management Policy reflects the values of 3M and our stakeholders.To continually improve the environmental,health,and safety attributes of our products,3M has identified specific chemicals whos

105、e use in products and manufacturing processes is subject to restrictions or specific management actions.Innovation managementCircular materialsProduct Safety,Quality,and Stewardship PrincipleChemicals Management PolicyRequire a Sustainability Value Commitment(SVC)for every new product13.9111122About

106、 reportSite spotlightsWhat we createWho we areHow we work18Leading with purpose|3M 2023 Global Impact Report3M Sustainability Priority Matrix:Science for Circular(cont.)Priority topic&tierOur actionsAdditional informationGoals&commitmentsRelated SDGWater qualityWater usage and availabilityAccess to

107、safe and affordable drinking waterIn 2021,3M became a leadership member of the Water Resilience Coalition to join a CEO-led network of over 25 companies committed to collectively accelerating the scale of proven solutions to global water challenges including water quality.We know we can make a diffe

108、rence by creating systems to promote a future of water circularity,a future where water stress is eliminated,resources are circulated,and nature is regenerated.We will continue to build on our strong foundation,advance our strategy,and invest in science-based commitments toward our water reduction g

109、oal.Through collaboration and application of 3M technology,we are improving the availability of water globally,including a 16.8%reduction in our water usage,indexed to sales,since 2019.Circular materials3M commits to achieving carbon neutrality,reducing water use,and improving water quality3M joins

110、Water Resilience Coalition,CEO Water MandateReduce global water usage by the following amounts:10%by 2022,20%by 2025,and 25%by 2030,indexed to sales2For 3Ms global manufacturing operations,enhance the quality of water returned to the environment from industrial processes by 2030.3,4 Our initial focu

111、s is on implementing state-of-the-art water purification technology at the largest water use locations globally and having them fully operational in 2024Engage 100%of water-stressed/scarce communities where 3M manufactures on communitywide approaches to water management by 20256.3,6.4,6.bPlastic and

112、 packaging waste To support our circularity efforts,we work to select packaging materials on the front end so they can be recycled after use rather than discarded on land or in waterways.We also continue to increase recycled content,make our packaging easier to recycle,encourage reusable packaging w

113、here appropriate,and increase the use of renewable materials.Circular materials3M Sustainable Packaging SolutionsRequire a Sustainability Value Commitment(SVC)for every new product1Reduce manufacturing waste by 10%,indexed to sales,by 2025Reduce dependence on virgin fossil-based plastic by 125 milli

114、on pounds by the end of 2025512.5Manufacturing wasteWe believe it is our responsibility to carefully assess renewable and recycled materials,water,packaging,and waste as we focus on designing solutions that do more with less material,advancing a global circular economy.We reduce,recover,reuse,and re

115、cycle byproducts and other surplus material in our operations whenever feasible.When not feasible,we responsibly dispose of waste materials.Circular materialsReduce manufacturing waste by 10%,indexed to sales,by 2025Achieve zero landfill status at more than 30%of manufacturing sites by 202512.522233

116、About reportSite spotlightsWhat we createWho we areHow we work19Leading with purpose|3M 2023 Global Impact Report3M Sustainability Priority Matrix:Science for Circular(cont.)Priority topic&tierOur actionsAdditional informationGoals&commitmentsRelated SDGBiodiversity and ecosystemsIn our supply chain

117、,we prioritize forest products for additional formal expectations because of potential environmental risks such as deforestation and habitat loss.As a global paper purchaser and sustainability leader,were well-positioned to positively influence practices throughout the forest products supply chain.W

118、ithin our operations,we focus on incorporating circularity across all our business decisions.We have a role to play in carefully integrating renewable and recycled materials and enhancing the circularity of water,packaging,and waste.3M and 3M Foundation help build sustainable communities through str

119、ategic investments aimed at restoring natural ecosystems.Environmental,health,and safety managementCircular materialsSuppliersSustainable ForestryReduce Scope 1 and 2 market-based GHG emissions by at least 50%by 2030,80%by 2040,and achieve carbon neutrality in our operations by 20507Reduce global wa

120、ter usage by the following amounts:10%by 2022,20%by 2025,and 25%by 2030,indexed to sales2Reduce manufacturing waste by 10%,indexed to sales,by 2025Reduce dependence on virgin fossil-based plastic by 125 million pounds by the end of 20255Engage 100%of water-stressed/scarce communities where 3M manufa

121、ctures on communitywide approaches to water management by 2025Invest cash and products for education,community,and environmental programs by 2025Drive supply chain sustainability through targeted raw material traceability and supplier performance assurance by 20256.4,6.b8.49.412.2,12.513.115.23About

122、 reportSite spotlightsWhat we createWho we areHow we work203M Sustainability Priority Matrix:Science for ClimatePriority topic&tierOur actionsAdditional informationGoals&commitmentsRelated SDGClimate change and GHG emissionsWe are committed to innovate to decarbonize industry,accelerate climate solu

123、tions,and improve our environmental footprint.In 2021,3M announced that we expect to invest approximately$1 billion over the next 20 years to support environmental goals,including achieving carbon neutrality in our operations by 2050.Climate and energy3M commits to achieving carbon neutrality,reduci

124、ng water use,and improving water quality3M and UN Climate Change start new strategic partnership3M Invests in TPG Rise Climate FundInnovating to address climate change Reduce Scope 1 and 2 market-based GHG emissions by at least 50%by 2030,80%by 2040,and achieve carbon neutrality in our operations by

125、 20507Help our customers reduce their GHGs by 250 million tons of CO equivalent emissions through the use of 3M products by 202513.1Energy usage and use of renewable energyWe are committed to continually improving energy efficiency,leveraging engineering expertise and advances,driving site-level eff

126、iciency improvements,maintaining top management support,and protecting 3Ms reputation.We serve our customers through a wide range of innovative products that help them improve energy efficiency and reduce their GHG emissions.Climate and energyInnovating to address climate change Improve energy effic

127、iency,indexed to net sales,by 30%by 2025Increase renewable energy to 50%of total electricity use by 2025 and to 100%by 2050Help our customers reduce their GHGs by 250 million tons of CO equivalent emissions through the use of 3M products by 20257.3Air qualityAn important component of 3Ms sustainabil

128、ity strategy is our commitment to improving air quality globally while delivering on our customers needs and expectations for high-performance products.3M has developed internal programs to minimize our air emissions.We collaborate with the international nongovernmental organization Clean Air Asia o

129、n science-based air quality solutions for New Delhi,India,and metro Manila,Philippines.Climate and energyOur partnership with Clean Air AsiaRequire a Sustainability Value Commitment(SVC)for every new product13.911.6Leading with purpose|3M 2023 Global Impact Report113About reportSite spotlightsWhat w

130、e createWho we areHow we work21Leading with purpose|3M 2023 Global Impact Report3M Sustainability Priority Matrix:Science for CommunityPriority topic&tierOur actionsAdditional informationGoals&commitmentsRelated SDGHealth and safety of employees and contractorsHuman rights and labor practices in the

131、 supply chainResponsible sourcing and supplier sustainabilitySupplier diversity3Ms approach to managing and assuring human rights,workplace safety,and well-being within our workplace and supply chain is derived from the 3M Code of Conduct.We implement these programs through our global policies,manag

132、ement system,assessments,audits,training,and metrics tracking.At 3M,we set a high bar for environmental and social governance,and we expect the same from our suppliers.We expect our suppliers to be transparent about their social practices including labor,health,safety,environmental,ethics,and manage

133、ment systems;provide improvement ideas;and work with us to transform our shared value chain as stated in our Supplier Responsibility Code.Environmental,health,and safety managementHuman rightsSuppliers3Ms Code of ConductResponsible MineralsSupplier Responsibility CodeSupplier DiversitySustainable Fo

134、restry3M named as one of the Worlds Most Ethical Companies by Ethisphere Institute for 10th consecutive yearDrive supply chain sustainability through targeted raw material traceability and supplier performance assurance by 2025Provide training to 5 million people globally on worker and patient safet

135、y by 20258.7,8.816.5,16.7Community health,safety,and well-beingInfectious disease and public health issuesEmployee training,development,and well-beingWe identify potential risks to the environment and to the health and safety of our employees and communities,and we take steps to update processes,pro

136、duct design,and standards to address these risks.For the global health care industry,we take a patient-centered approach to innovation and develop reliable,quality products and solutions.In 2020,we launched 3M Impact Health Care to use our health care expertise to help address health care inequities

137、.3M is committed to developing employees and building a purpose-driven culture.Throughout the organization,we reinforce behaviors that foster an inclusive workplace,and we provide competitive benefits and recognition programs to support employees throughout their career.Work Your Way is our trust-ba

138、sed flexible work model that drives well-being and productivity in ways that enable our business and performance goals.3M promotes a culture of health and well-being for our employees through disease prevention programs,on-site clinical services,employee assistance programs,and comprehensive health

139、care benefits.CommunitiesCustomer-inspired innovationEnvironmental,health,and safety managementEmployee programsInnovation managementOur partnership with Clean Air Asia3MSM Health Care AcademyHelping the world respond to COVID-19Mitigating the Risk of Infectious Disease Spread Through Contamination

140、PreventionInvest cash and products for education,community,and environmental programs by 2025Provide training to 5 million people globally on worker and patient safety by 2025Provide 300,000 work hours of skills-based volunteerism by 3M employees to improve lives and help solve societys toughest cha

141、llenges by the end of 202563.c,3.81223223About reportSite spotlightsWhat we createWho we areHow we work223M Sustainability Priority Matrix:Science for Community(cont.)Leading with purpose|3M 2023 Global Impact ReportPriority topic&tierOur actionsAdditional informationGoals&commitmentsRelated SDGEmpl

142、oyee diversity,equity,and inclusionSTEM education,training,and workforce developmentEmployment and reskilling for under-resourced or marginalized communitiesRacial justice and inequalityWe advance meaningful actions toward a more equitable future for our global employee base,including training,devel

143、opment,and recruitment efforts focused on underrepresented populations.We foster an inclusive culture that supports and appreciates differences and provides fair and equal opportunities for everyone.And we continue our efforts toward building a diverse workforce around the world.3M empowers the next

144、 generation of scientists and engineers by supporting education initiatives that advance equitable outcomes in STEM for underrepresented students globally.As a science-based manufacturing company,were motivated to support a more equitable pathway to science,manufacturing,and skilled trades jobs.Dive

145、rsity,equity,and inclusionCommunities3M Diversity,Equity&Inclusion(DEI)ReportEquity&Community website3M helps industrial athletes chase their skilled trade dreamsNot the Science Type spotlights STEM equity at Brand Storytelling 2022Young Scientist ChallengeScience at HomeInvest$50 million to address

146、 racial opportunity gaps in the U.S.through workforce development and STEM education initiatives by the end of 20255Double the pipeline of diverse talent in management globally to build a diverse workforce by 20308Double the representation of underrepresented groups from entry-level through manageme

147、nt in our U.S.workforce9,10Double the representation of underrepresented groups in management positions in our U.S.workforce9,10Advance economic equity by creating 5 million unique STEM and skilled trades learning experiences for underrepresented individuals by the end of the 2025-26 school year11In

148、vest cash and products for education,community,and environmental programs by 20254.4,4.5,4.c5.510.2Advocacy,public policy,and engagement to support and promote social justice,science,health,environment,and safetyAt 3M,we believe in fair treatment,access,and opportunity for all individuals,and were c

149、ommitted to removing barriers to equity.3M advocates for environmental,health,and safety policies and regulations that are guided by science-based decision-making and encourages the adoption and implementation of innovative solutions.CommunitiesDiversity,equity,and inclusionCorporate governanceClima

150、te and energyEnvironmental,health,and safety managementInnovation managementLobbying and Political Activities GovernanceEquity&Community websiteState of Science Index Survey17.1422333About reportSite spotlightsWhat we createWho we areHow we work23Leading with purpose|3M 2023 Global Impact Report3M S

151、ustainability Priority MatrixPriority topic&tierOur actionsAdditional informationGoals&commitmentsRelated SDGCollaboration and partnerships In collaboration with our employees,customers,partners,government,and communities,we apply our expertise and technology to help solve shared global challenges.W

152、e continually look to our stakeholders to help us increase our understanding,broaden our awareness,seek technical input and expertise,and evaluate possible collaborations and strategic relationships.We rely on their counsel and expertise to help guide us.We focus on advocacy,support,and collaboratio

153、n in our efforts to inspire leadership,innovation,and disruptive change,all driving impact for a more sustainable future.CommunitiesCircular materialsClimate and energyCustomer-inspired innovationDiversity,equity,and inclusionClimate and energyEnvironmental,health,and safety managementInnovation man

154、agementEquity&Community website17.16Ethical and transparent business practicesActing with unwavering integrity and transparency is core to who we are.Our commitment to transparency is evident in many ways,including the publication of this annual Global Impact Report and our Diversity,Equity&Inclusio

155、n(DEI)Report;and by providing annual communication on progress as part of our commitment to the UN Global Compact.About reportCorporate Code of Conduct3Ms Code of Conduct3M Diversity,Equity&Inclusion(DEI)Report3M named as one of the Worlds Most Ethical Companies by Ethisphere Institute for 10th cons

156、ecutive year16.61 For projects passing a gate in our new product commercialization process;an SVC describes how the product drives positive impact for our stakeholders in alignment with our Strategic Sustainability Framework.2 Expands our previous commitment,which aimed to reduce water use by 10%bet

157、ween 2015 and 2025.2019 is the baseline measurement year.3 By improving the weighted average of priority constituents,including select metals,BOD,COD,cyanide compounds,fluoride,total nitrogen,oil&grease,PFAS,TDS,TSS,sulfate,and others.4 Water used by manufacturing or industrial processes,including a

158、ll water use not defined as domestic(sanitary,cafeteria,etc.).5 Established in 2021.6 Goal was initiated in 2019.Skills-based volunteering is primarily delivered through the 3M Impact program.7 Expands our previous 2025 goal to stay below 50%of our 2002 baseline,meaning 3Ms 2030 Scope 1 and 2 emissi

159、ons will now be reduced by more than 85%from 2002 levels.2019 is the baseline measurement year.8 In 2021,3M updated the goal maturity date to 2030 from 2025.See 3Ms 2021 Global Diversity,Equity&Inclusion Report for more details.9 Established in 2020 to drive trend and trajectory progress over time.2

160、020 is the baseline measurement year.10Underrepresented groups in our 3M U.S.workforce include Black/African American and Hispanic/Latino employees.11 2021 is the baseline measurement year.3M defines underrepresented individuals in the U.S.using National Science Foundation research.For global defini

161、tions,we rely on gender diversity and local context for marginalized populations.31About reportSite spotlightsWhat we createWho we areHow we work24Leading with purpose|3M 2023 Global Impact ReportPast,present,and future ESG priority topicsFrom 2014 to 2022,weve seen stakeholder priorities shift in t

162、he following ways:From 2014 to 2022,climate-related issues have increased in importance for 3M,with a new topic of product innovation to solve climate,health,and safety challenges being the most material to 3M Emerging issues new to 2022 include product innovation to solve climate,health,and safety

163、challenges;safety of products and services;R&D;designing products with less or no waste;employee training,development,and well-being;collaboration and partnerships;biodiversity and ecosystems;access to safe and affordable drinking water;racial justice and inequality;and supplier diversity Health and

164、 safety of employees and contractors and ethical business moved from Tier 2 to Tier 1 in 2022 Employee diversity moved from Tier 3 to Tier 2 in 2022 Plastic and packaging waste,water quality,human and labor rights moved from Tier 1 to Tier 2 in 2022 Air quality moved from Tier 1 to Tier 3 in 2022 Wa

165、ter usage and availability moved from Tier 2 to Tier 3 in 2022The emergence of biodiversity and ecosystems as a new priority topic in 2022 has validated a category of work weve engaged in for years across all three pillars.For example,some of our water and carbon projects have revolved around restor

166、ing natural ecosystems and many of our partnerships have been a channel for us to support and invest in similar nature-based solutions.In our communities,projects have been funded by 3M and 3M Foundation,while weve partnered with Earthworm Foundation to implement projects in our supply chain.Stakeho

167、lder feedbackThe materiality assessment also gave us a broad and deep range of stakeholder feedback that will help us refine our goals and efforts.In-depth qualitative interviews with external stakeholders were conducted to vet the priority topics that emerged from the survey analysis.They generally

168、 agreed with the placement of Tier 1 issues but felt that the following Tier 2 and 3 issues were worthy of higher priority:Biodiversity and ecosystems Social issues like:racial justice and inequality,supplier diversity,human and labor rights,reskilling of marginalized communities,and STEM education

169、Plastic packaging and waste Air and water qualityThe interviewed stakeholders further suggested that the priorities validated the importance of all three pillars.Beyond the priority tiers,a common theme we heard is a desire to see 3M leverage our history and culture of innovation to help move the ne

170、edle on sustainability.This can be seen in the placement of“product innovation to solve climate,health,and safety challenges”as the most material issue for 3M and“sustainable products and services”as the next most material issue.While were always engaged in product innovation and have achieved notab

171、le milestones in innovating for sustainability,were positioned to advance our impact significantly in the coming months and years.We see opportunities across all three pillars of our Strategic Sustainability Framework,and external stakeholder feedback will continue to help inform our strategy.Risk m

172、anagement3Ms Enterprise Risk Management(ERM)process addresses priority topics from our materiality assessment.This process provides recognition and ownership of the most significant potential risks to the companys shareholder value and our communities.For example,climate change is one of the most im

173、portant topics stakeholders think 3M should address.Within the ERM process,climate change risk was previously integrated as part of several existing high-risk areas,such as material vulnerability,product stewardship,and operating safety,but in 2022 we added it as a discrete risk to proactively monit

174、or,measure,and manage.Learn more about 3Ms overall risk management in the Enterprise risk section and more about how we mitigate climate risk,including TCFD(Task Force on Climate-Related Financial Disclosures)recommendations,in the Climate and energy section.About reportSite spotlightsWhat we create

175、Who we areHow we work25Sustainability governanceData provided in this Global Impact Report includes information focusing on items with high potential to impact 3Ms reputation and items that are of the greatest importance to internal and external stakeholders as defined by the materiality assessment.

176、Because we are a diversified company,several other ESG-related topics and performance indicators relevant to various sectors of the company are also included in the report.3Ms executive-level Corporate Environmental Responsibility and Sustainability Committee reviews and approves priority topics cov

177、ered in this Global Impact Report.In addition,the 3M Science,Technology&Sustainability Committee of the Board of Directors annually reviews the companys Global Impact Report.Priority topics defined within this report apply to each entity within 3M.Prioritization for the different aspects may vary wi

178、thin 3M operations and geographies,but theyre still a priority.Insights from the 2022 materiality assessment have informed 3Ms long-term strategies and helped direct our efforts to areas where we can have a significant impact across our value chain.Learn more about 3Ms overall governance in the Corp

179、orate governance section.As a global science,technology,and manufacturing company,we believe 3M is positioned to bring our full capabilities to bear in advancing meaningful impact.Looking forwardWe need science now more than ever,and our sustainability pillars Science for Circular,Science for Climat

180、e,and Science for Community will continue to shape our actions as we pursue a sustainable future one in which ecosystems thrive,communities are safe and healthy,and opportunities are equitable and accessible to all.In 2023,our stakeholders priorities will help guide us as we work to reinvent the pro

181、ducts,processes,and systems that will help solve the worlds greatest challenges.As we continue to integrate insights into our strategy,well be responding to the most critical concerns of our employees,customers,suppliers,and investors.In late 2023,we anticipate the planned spinoff of our Health Care

182、 Business Group,which 3M announced in July 2022.This will establish two strong independent enterprises focused on their respective business areas.Were currently assessing how this will affect our sustainability strategy and goals.We look forward to sharing details in future communications.As a globa

183、l science,technology,and manufacturing company,we believe 3M is positioned to bring our full capabilities to bear in advancing meaningful impact.As we act with urgency,we know systemic change requires resources and long-term dedication.Our customers,employees,and communities deserve it.People around

184、 the world are motivated by it and our future will be better for it.Leading with purpose|3M 2023 Global Impact ReportAbout reportSite spotlightsWhat we createWho we areHow we work26Communities|3M 2023 Global Impact ReportCommunitiesOur commitmentBuilding and nurturing meaningful connections with our

185、 local communities is fundamental to our sustainability strategy.Were committed to leveraging our people,products,and philanthropy to support communities through science,technology,engineering,and mathematics(STEM)education,workforce development,and community and environmental programs with a focus

186、on underrepresented populations and underserved communities.Our impact3M listens to and engages with communities to understand and identify ways to maximize our impact.In our multifaceted approach to community support,we identify key areas where were uniquely positioned to have the most impact throu

187、gh cash and product donations,research and development investments,volunteerism and skills sharing,and more.Our sustainability goalsInvest$50 million to address racial opportunity gaps in the U.S.through workforce development and STEM education initiatives by the end of 20251Invested$23.6MProvide 30

188、0,000 work hours of skills-based volunteerism by 3M employees to improve lives and help solve societys toughest challenges by the end of 20253Provided81.8KhoursInvest cash and products for education,community,and environmental programs by 2025Invested$82.1MAdvance economic equity by creating 5 milli

189、on unique STEM and skilled trades learning experiences for underrepresented individuals by the end of 20252Created1.04Mexperiences1 Established in 2021.2 2021 is the baseline measurement year.3M defines underrepresented individuals in the U.S.using National Science Foundation research.For global def

190、initions,we rely on gender diversity and local context for marginalized populations.3 Goal was initiated in 2019.Skills-based volunteering is primarily delivered through the 3M Impact program.About reportSite spotlightsWhat we createWho we areHow we work27Communities|3M 2023 Global Impact ReportAs p

191、art of our Science for Community pillar of 3Ms Strategic Sustainability Framework,we help address social and economic disparities around the world.Through a variety of new and existing programs,we invest to build a strong foundation for equitable outcomes far into the future.To optimize our actions,

192、we leverage research on social impact to inform investment decisions and collaborate with our community partners to track outcomes,minimize barriers,and expand future opportunities for 3M engagement.In addition to the below,more information about our efforts to support equitable communities,includin

193、g key highlights and actions taken in 2022,can be found by visiting our Diversity,Equity&Inclusion (DEI)Report.Investing in more equitable communitiesThrough the work of 3M and 3M Foundation,we help build sustainable communities through strategic investments and the thoughtful involvement of 3M empl

194、oyees worldwide who volunteer to make a difference.Since 1953,3M and 3M Foundation have invested$1.98 billion in cash and product contributions in communities where 3M operates.3M and 3M Foundation develop and implement strategies and partnerships with leading community organizations committed to ad

195、vancing equitable outcomes in our community.The 3M Foundation Board of Directors and Corporate Contributions Committee govern this work and are comprised of a diverse set of senior-level company executives.To assure our support benefits the communities being served,3M and 3M Foundation provide finan

196、cial support to key partners and initiatives to help evaluate the outcomes of prospective grants and employee engagement initiatives.$50 million commitment over five years In 2022,3M continued to work toward our goal to invest$50 million to address racial opportunity gaps in the U.S.through workforc

197、e development and STEM education initiatives by the end of 2025.This investment is in addition to our existing corporate philanthropy.Contributions for 2022 totaled$11.6 million.To measure our impact and inform future investments,we worked with Ecotone Analytics to capture our social return on inves

198、tment(SROI)using data from evidence-based research.This analysis demonstrated that every$1 we invest in our community generates nearly$3 worth of social impact exceeding our initial internal target of$2.50 return for every dollar invested.This amplifies our estimated impact from$12 million invested

199、to a projected$35 million in social value returns(increased wages,additional taxes paid,avoided justice system costs,etc.).As a science-based manufacturing company,were motivated to support a more equitable pathway to science,manufacturing,and skilled trades jobs.Education and workforce development

200、are key to broadening access to these careers for all students,especially those from underrepresented groups.But we also help fulfill basic needs that must be met for educational experiences to gain traction.Students need a foundation of stable housing,consistent nourishment,and necessary school sup

201、plies if theyre to truly benefit from learning opportunities.In 2021,we dedicated$10 million to create the 3M Community Fund,which is invested through the Greater Twin Cities United Way and the Saint Paul&Minnesota Foundation,to provide culturally specific holistic support for diverse families in th

202、e community surrounding our headquarters.Since 1953,3M and 3M Foundation have invested$1.98Bin cash and product contributions in communities where 3M operatesEvery$1we invest in our community generates nearly$3worth of social impact About reportSite spotlightsWhat we createWho we areHow we work28Com

203、munity outreachNo organization can advance social justice and create racial equity on its own.At 3M,we believe those closest to a communitys challenges are best equipped to design and inform the most equitable solutions.Championing the voices and perspectives of community members and leaders helps u

204、s offer solutions that are truly community-focused.Among our most significant partnerships:The 3M Community Coalition is a group of diverse leaders from across Minneapolis and St.Paul.Formed in 2020,it helps guide our$50 million investment with a focus on racial equity challenges in St.Paul.The coal

205、itions input guided our decision to invest in students basic needs,expand our internal equity initiatives,and leverage 3Ms assets and competencies to advance equity.Youthprise,a Twin Cities-based nonprofit,focuses on increasing access to career development opportunities for Indigenous,low-income,and

206、 racially diverse youth in Minnesota.We work with Youthprise to bring student voices into our STEM support and programs.Globally,each business group at 3M works in partnership with community-led nonprofit organizations to address inequities related to their markets.The business groups focus on addre

207、ssing gaps in homeownership rates(Consumer),increasing access to health care for underserved individuals(Health Care),improving school zone safety(Transportation&Electronics),and diversifying the pipeline for skilled trades workers(Safety&Industrial).Our business leaders continue to inform ways our

208、philanthropy can bolster both community outcomes and business objectives.3M was a founding member of the Minnesota Business Coalition for Racial Equity(MBCRE)in 2020,and our involvement continues across multiple pillars of the program.MBCRE works with the business community across Minnesota to help

209、build an equitable,inclusive,and prosperous community for Black residents.The coalition continues to inform our equity practices at 3M.Environmental justiceThroughout 2021 we accelerated our efforts around environmental justice,building our expertise and our relevant responsibilities as an organizat

210、ion.In 2022 we created the new role of director of environmental justice to develop and elevate a global environmental justice program.Weve advanced a cohesive strategy for working alongside underserved communities and are starting to implement it at initial sites.3M leverages philanthropy to supple

211、ment our commitment to operational change for environmental justice.For example,since 2020 weve supported the American Forest Foundations Sustainable Forestry and African American Land Retention(SFLR)Program,which helps African American families generate income from their land.This can turn land int

212、o an asset to be shared across generations while also keeping forests as forests.Learn more at Sustainable Forestry.3M uses the Environmental Protection Agencys definition of environmental justice:“Environmental justice is the fair treatment and meaningful involvement of all people regardless of rac

213、e,color,national origin,or income,with respect to the development,implementation,and enforcement of environmental laws,regulations,and policies.This goal will be achieved when everyone enjoys:The samedegree of protection from environmental and health hazards Equal access to the decision-making proce

214、ss to have a healthy environment in which to live,learn,and work”Empowering the next generation3M empowers the next generation of scientists and engineers by supporting education initiatives that advance equitable outcomes in STEM for underrepresented students globally.This will help lead to economi

215、c equity,especially for individuals from marginalized populations.Since 2021,weve supported over 1 million unique STEM and skilled trades learning experiences,putting us well on track to deliver on our goal to create 5 million such experiences by the end of the 2025-26 school year.Data from 3Ms Stat

216、e of Science Index helps guide our strategic STEM investments with insights from across the globe.Learn more by watching A More Equitable Future:Inspiring New STEM and Skilled Trades Talent(video,1:54).In December 2022,Dr.Jayshree Seth,3Ms chief science advocate and a corporate scientist,represented

217、 3M at the White House Summit on Equity and Excellence in STEMM(science,technology engineering,mathematics and medicine).The summit kicked off a partnership between The White House Office of Science and Technology,the American Association for the Advancement of Science,and the STEMM Opportunity Alli

218、ance.These entities will form an Advisory Council to help create a national strategy for increasing equity in STEMM.James Momon,3Ms chief equity officer,will represent 3M as an advisor on the council.Communities|3M 2023 Global Impact ReportAbout reportSite spotlightsWhat we createWho we areHow we wo

219、rk293,800+girls attended summer STEM lab camps across the U.S.Supporting STEM experiencesScience at Home The COVID-19 pandemic continues to affect our communities,including the learning loss thats been experienced by many students.Existing learning gaps only widened during the pandemic.In 2022,our S

220、cience at Home online program,created in partnership with the Bakken Museum in Minneapolis in April 2020,continued to provide accessible hands-on science-related content.3M also continues to provide grant funding for participating teachers through the Donors Choose platform,which provides school sup

221、plies to help support STEM education.Science Encouragement Programs Weve reinvigorated this set of volunteer programs designed to connect students with 3M scientists and engineers and inspire them to pursue science careers.3M TWIST(Teachers Working in Science and Technology),a six-week paid summer r

222、esearch program for teachers 3M STEP(Science Training Encouragement Program)for St.Paul public high school juniors and seniors from diverse backgrounds pairs students with a 3M mentor and offers hands-on experience in a 3M lab over the summer 3M Visiting Wizards,in partnership with the Bakken Museum

223、,where volunteers provide science demonstrations and hands-on experiments to K-12 students 3M Tech Talks,a program connecting students,especially women and minorities,with 3M role models from a variety of technical job positions,degree levels,and backgroundsIn 2022,we increased program expectations

224、and due diligence by standardizing our processes,making the programs more robust and replicable.3M Visiting Wizards,traditionally a Minnesota-based program,has expanded globally,and 3M Tech Talks is set to expand in 2023.National Society of Black Engineers(NSBE)In 2022,we supported NSBEs SEEK progra

225、m,a hands-on summer engineering experience for African American students in grades 3 to 5.Project Scientist In 2022,3M supported over 3,800 learning experiences for girls participating for free in summer STEM lab camps across the U.S.3M Young Scientist Challenge The premier U.S.science competition f

226、or students in grades 5 to 8,this one-of-a-kind competition seeks to spark curiosity in students and empower them to solve real-world problems that help improve lives.The winner receives a$25,000 scholarship and the annual title of“Americas Top Young Scientist.”STEM programs around the world Our glo

227、bal teams actively foster diversity and equity in STEM careers through programs including:FIRST Robotics This program helps young people discover and develop a passion for STEM through team sponsorship with the support of 3M volunteers,FIRST LEGO League,and FIRST Robotics competition teams.3M also m

228、akes significant product donations to support high-performing robots in the competitions.Local STEM initiatives 3M sites in countries around the world build partnerships for STEM education with schools and nonprofit organizations in their local community.Learn more about these initiatives at 3Ms Div

229、ersity,Equity&Inclusion(DEI)Report.Communities|3M 2023 Global Impact ReportAbout reportSite spotlightsWhat we createWho we areHow we work30$Communities|3M 2023 Global Impact ReportOpening doors to the skilled tradesCommunity training resources As manufacturing evolves and companies like 3M invest in

230、 facilities of the future,its essential to help our local technical schools and high schools access appropriate technologies and training.To keep the workforce pipeline flowing,we continue to invest in programs including the 3M Manufacturing and Academic Partnership,Skills USA and WorldSkills,and Te

231、ach For America.St.Paul Public Schools career pathway In collaboration with the Minnesota State College and University system and St.Paul Public Schools,3M has helped ease the way toward a rewarding career in the skilled trades for St.Paul Public School students.A new program now gives students coll

232、ege or certification credits and sometimes certifications for skilled trades classes.With the growing need for skilled trades in manufacturing,this helps build out 3Ms hiring pipeline and gives more students a path to a well-paying job.National Coalition of Certification Centers(NC3)3M and NC3 award

233、ed 50$1,000 scholarships to students who participated in the NC3 National Career and Technical Education Letter of Intent Signing Day.Learn more at 3M and the National Coalition of Certification Centers award national scholarships.Inspiring employees to change the world3M ImpactOur portfolio of skil

234、ls-based volunteer programs allows employees to use their business skills,experience,and energy to make a difference in local and global communities while also developing critical professional skills like empathy,problem-solving,and interpersonal communications.Focused on working with social enterpr

235、ises and nonprofit organizations that are addressing the worlds toughest challenges,we invest in volunteer programs that promote a circular economy,fight against climate change,and create a more positive world through science to inspire and empower our employees to drive change.In 2022,we resumed ou

236、r global activity after a two-year hiatus due to COVID-19.We provided 30,100 work hours of skills-based volunteerism by 3M employees in 2022.Programs include:3M Impact Global Employees are sent to communities around the world to work on-site with local nonprofit organizations and social enterprises

237、for two weeks.3M Impact Local Employees work with a nonprofit organization or social enterprise in their own community.3M Impact Health Care Employees use health care expertise to address health care inequities and build the capacity of nonprofit and community health organizations that serve histori

238、cally disadvantaged populations.A national study conducted by 3M in 2022 highlights the pervasiveness of health care inequities and the importance of this work.Big hearts,matchedWith the 3M Volunteer Match program,3M donates money to eligible nonprofit organizations when a U.S.-based 3M employee or

239、retiree volunteers in our community.In 2022,3M offered a$20 volunteer match for each hour of service,up to$500.Since 2000,3M and 3M Foundation have donated$12.2 million in 3M Volunteer Match dollars,and in 2022 Volunteer Match grants supported 1,350 unique schools and nonprofit organizations through

240、out the U.S.In addition,3M expanded its support of 3M employees serving on nonprofit boards of directors with a new 3M Board Service Match program in 2022.3M and NC3 awarded 50$1,000scholarships to students in the skilled tradesAbout reportSite spotlightsWhat we createWho we areHow we work31Giving t

241、hat starts at home3M amplifies employees philanthropic impact through relevant matching gift programs.In the United States,the 3M Community Giving Match and College&University Match programs matched up to$1,000 per employee gift in 2022 plus an added level of matching gifts to higher education insti

242、tutions.In 2022,global employees contributed$3.25 million in donations and pledges through the 3M matching gift programs.When combined with the match,this totaled more than$5.5 million in donations to help solve our communities greatest needs,supporting more than 4,020 organizations.Product donation

243、sWe work to provide 3M products to a multitude of U.S.nonprofit organizations,from hospitals to schools to shelters.A large part of this effort involves donating excess inventory to leverage life-improving products in meaningful ways.In 2022,3M donated$31.4 million in products globally.For example,o

244、ur strategic partnership with the Kids in Need Foundation helped to provide 3M products to under-resourced K-12 teachers and students across the U.S.Humanitarian aid3M works with strategic community partners Direct Relief,MAP International,and American Red Cross to provide financial support and prod

245、uct donations to communities in times of need.For an example of our efforts,see 3Mers push Ukraine giving past$2M.Looking forwardWe believe 3M is positioned to bring our full capabilities to advance equity and inclusion in our communities.Were continuing to deliver on our$50 million community commit

246、ment and to partner with organizations dedicated to assuring justice and equity.In the next year,well continue to monitor and measure the impact of our initiatives to advance equity in STEM and skilled trades.Our focus will be to build closer relationships with our partners and continue to expand an

247、d invest in areas where we can lend our unique expertise and technologies.Were committed to advancing environmental justice by working alongside marginalized communities to co-create sustainable solutions.And well continue to leverage the skills and passion of our people to meet the needs of our com

248、munities in new ways in 2023.Communities|3M 2023 Global Impact ReportAbout reportSite spotlightsWhat we createWho we areHow we work32Communities|3M 2023 Global Impact Report2022 giving in reviewTotal giving:2022$82.1Mcompared with 2021 corporate median of$25.8M1 0.78%in cash giving as a percentage o

249、f pre-tax profit,compared to 2021 corporate median of 0.62%1$23.9Minvested in education73%U.S.giving27%international givingSupporting 3M communities in all 50 states,Puerto Rico,the U.S.Virgin Islands,and over 28 countries3M and 3M Foundation work to improve lives in 3M communities with investments

250、that drive equity in STEM and skilled trades,volunteer activities that leverage the skills and talents of 3M employees,and the deployment of 3M products for social impact.Advance economic equity We help advance economic and racial equity by supporting increased participation of underrepresented popu

251、lations in STEM and skilled trades careers.1,040,000 learning experiences for underrepresented groups Since 2021,weve supported over 1 million unique STEM and skilled trades learning experiences,putting us well on track to deliver on our goal to create 5 million learning experiences by the end of th

252、e 2025-2026 school year.3M Manufacturing and Academic Partnership program(MAP)To build a pipeline of diverse talent in advanced manufacturing,3Ms MAP program helps our local technical schools and high schools access relevant technologies and training.$1$3 amplified impact toward our$50M goalAn exter

253、nal analysis demonstrated that every$1 we invest in the community generates nearly$3 in social impact.This amplifies our actions as we work toward our goal to increase racial equity in STEM education and the workforce.Employee empowerment We empower employees to support our communities through phila

254、nthropy and volunteer service.192,000volunteer hours globally81,800 skills-based volunteer hours since 2019Our employees shared their skills,experience,and energy to make a difference in our global communities.$3.98M total employee contributions and 3M community giving match Together,our employees s

255、upported over 3,020 community organizations throughout the U.S.4,020schools and nonprofits 3M employees and retirees volunteer in alignment with their passions,and we support them through 3Ms Matching Gifts programs in the U.S.3M product deployment We make strategic financial and product donations i

256、n response to community needs.$9.4MNAEIR and Kids in Need We donated product to nonprofit organizations and schools in the U.S.$1.3MFIRST RoboticsOur donation of products for robotics kits enhanced student experiences.$12.2Mfor humanitarian aid We made product donations for humanitarian aid througho

257、ut the world.1 Chief Executives for Corporate Purpose.Giving in Numbers:2022 Edition:cecp.co/home/resources/giving-in-numbers/About reportSite spotlightsWhat we createWho we areHow we work33Diversity,equity,and inclusion|3M 2023 Global Impact ReportDiversity,equity,and inclusionOur commitmentRecruit

258、ing and retaining a diverse global workforce is a core part of 3Ms sustainability strategy.We recognize that different countries and cultures have different definitions of diversity.3M aims to reflect the diversity of our customers,suppliers,and community partners.In addition,were committed to advan

259、cing equity across our organization at all levels and to creating an inclusive culture where all feel welcome.Our impactWe advance meaningful actions toward a more equitable future for our global employee base,including training,development,and recruitment efforts focused on underrepresented populat

260、ions.We foster an inclusive culture that supports and appreciates differences and provides fair and equal opportunities for everyone.And we continue our efforts toward building a diverse workforce around the world.Our sustainability goalsDouble the pipeline of diverse talent in management globally t

261、o build a diverse workforce by 20301Increased to45.1%Double the representation of underrepresented groups in management positions in our U.S.workforce2,3Increased to6.39%Maintain or achieve 100%pay equity globally2Achieved100%equityDouble the representation of under-represented groups from entry-lev

262、el through management in our U.S.workforce2,3Increased to9.02%1 In 2021,3M updated the goal maturity date to 2030 from 2025.2 Established in 2020 to drive trend and trajectory progress over time.3 Underrepresented groups in our 3M U.S.workforce include Black/African American and Hispanic/Latino empl

263、oyees.2020 is the baseline measurement year.About reportSite spotlightsWhat we createWho we areHow we work34Diversity,equity,and inclusion|3M 2023 Global Impact ReportAs a science-based company with a promise to help solve some of the worlds greatest challenges,its our imperative to become the most

264、inclusive enterprise we can be.Inclusion leads to engagement,engagement fosters creativity,creativity sparks innovation,and innovation produces growth.In addition to the below,learn more about our diversity,equity,and inclusion efforts,including key highlights and actions taken in 2022,at 3Ms Divers

265、ity,Equity&Inclusion(DEI)Report.Diversity,equity,and inclusion governanceTo foster a workplace that reflects the 3M Respectful Work Environment Principle,we follow U.S.Equal Employment Opportunity(EEO)policies,which prohibit all forms of discrimination or harassment against applicants,employees,vend

266、ors,contractors,or customers on the basis of race,color,creed,religion,sex,national origin,age,disability,veteran status,pregnancy,genetic information,sexual orientation,marital status,citizenship status,status with regard to public assistance,gender identity/expression,or any other reason prohibite

267、d by law.To advance our social justice and impact agenda,we created a 3M Equity&Community organization to support our goals and commitments to progress equity in our workplaces,business practices,and communities globally.This holistic cross-functional organization connects our teams and strategies a

268、cross the areas of diversity and inclusion in our workforce.We also support our values with an internal CEO Inclusion Council,chaired by CEO Mike Roman,to advance diversity,equity,and inclusion initiatives.A diverse and inclusive workplaceWe know that people with different experiences,racial and eth

269、nic backgrounds,ages,gender identities,sexual orientations,abilities,personalities,styles,and ways of thinking help us better understand the needs of 3M customers,suppliers,and community partners around the world.Our diverse workforceWere building on our foundation by taking steps to advance the rep

270、resentation of underrepresented groups at 3M.We continue to work toward bringing the demographics of 3Ms workforce in line with broader workforce availability.To measure progress against our goal to double the pipeline of diverse talent in management globally by 2030,we use 3Ms global Diversity Inde

271、x,which measures the percentage of 3M management that is diverse across a wide spectrum of dimensions,including gender,nationality,race/ethnicity,disability,U.S.military veterans,and LGBTQI+.Since 2015,weve improved our global Diversity Index by 12.5 points,moving from 32.6%to 45.1%as we progress to

272、ward our 2030 goal of 65.2%or double our 2015 percentage.To see historical progress,view our metric tables.In addition,weve made good progress on our goal to double the representation of underrepresented employees in the U.S.Since 2020,weve improved our U.S.representation of underrepresented groups

273、from entry-level through management by 0.92 points,moving from 8.13%to 9.02%.At the same time,weve improved our U.S.representation of underrepresented groups in management positions by 0.79 points,moving from 5.55%to 6.39%.We anticipate even more progress in the coming year as we continue to advance

274、 our efforts in hiring,retaining,and developing talent.Indeed,nurturing a talent acquisition pipeline is critical to achieving and maintaining our representation goals.To strengthen that pipeline,3M has several programs that provide valuable research,work,and professional development opportunities t

275、o underserved STEM students in higher education.Learn more about these programs in the Innovation management section.To help us monitor our progress and provide transparency,we share an internal quarterly scorecard of our progress on the global Diversity Index and hiring metrics,as well as data on s

276、upplier diversity and community investments.Learn more about 3Ms diverse workforce at our Diversity,Equity&Inclusion(DEI)Report.Support for LGBTQI+peopleAt 3M,we believe in fair treatment,access,and opportunity for all individuals,and were committed to advocating for human rights and removing barrie

277、rs to equity.3M has signed the Human Rights Campaigns Business Coalition for the Equality Act,joining other leading U.S.employers in declaring support for U.S.federal legislation that would provide the same basic protections to LGBTQI+people that are provided to other protected groups under federal

278、law.Improved our global diversity index by12.5pointsAbout reportSite spotlightsWhat we createWho we areHow we work353M is also a signatory to a national Business Statement Opposing Anti-LGBTQ State Legislation,organized by the Human Rights Campaign and the Freedom for All Americans Education Fund.By

279、 signing,3M and other companies are expressing support for LGBTQI+employees and their need to feel safe and included both in the workplace and in the surrounding community.The companies are also expressing concern over state bills that single out LGBTQI+individuals for exclusion or different treatme

280、nt.In support of the United Nations LGBTI Standards of Conduct for Business,3M has joined other companies in committing to processes,policies,and programs that promote equality and safety,prevent harassment and discrimination,and advance LGBTQI+individuals in the workplace and the community.Hear the

281、 stories of two 3M employees whose personal experiences make 3Ms support especially meaningful.Pay equity 3Ms global pay philosophy,principles,and consistent implementation result in fair and equitable pay for our employees.We analyze pay equity by comparing employees in the same job category,job gr

282、ade,and location,a process thats produced excellent results.In 2022,we continued to have 100%gender pay equity globally and 100%pay equity for racial/ethnic groups in the U.S.Learn more in the Compensation section.Diversity,equity,and inclusion|3M 2023 Global Impact ReportLooking forwardAs we advanc

283、e our diversity,equity,and inclusion initiatives,we know systemic change requires resources and long-term dedication.Well continue to focus on moving the needle on our representation goals and partnering with organizations dedicated to inclusion and equity.Well keep building our recruitment and hiri

284、ng pipeline by supporting programs that provide research,development,and work experience to underrepresented STEM students in higher education.We stand with 3Ms LGBTQI+community and will continue to support initiatives that aim to include and protect LGBTQI+individuals,both within 3M and in our oper

285、ating communities.All of these actions move us closer to being an enterprise where people are respected for exactly who they are and everyone feels a sense of belonging both within and outside of our walls.About reportSite spotlightsWhat we createWho we areHow we work36About reportSite spotlightsWha

286、t we createHow we workWho we are3M 2023 Global Impact ReportHow we workCorporate governance 37Enterprise risk 41Corporate Code of Conduct 43Human rights 50Compensation 56Employee programs 59Environmental,health,and safety management 65Circular materials 74Climate and energy 82Suppliers 9437Who we ar

287、eHow we workWhat we createSite spotlightsAbout reportCorporate governance|3M 2023 Global Impact ReportCorporate governanceOur commitment 3M believes that good corporate governance practices serve the long-term interests of shareholders,strengthen the Board and management,and further enhance the trus

288、t 3M has earned from the public over more than a century of operating with uncompromising integrity and doing business the right way.Our impactOur corporate governance principles govern how 3M does business daily,enabling us to outperform and lead the way to sustainable growth.Our corporate governan

289、ce principles define the roles,rights,and responsibilities of different groups within 3M as well as of our Board of Directors.Governance oversight3Ms Board of Directors is comprised of a diverse group of experienced leaders that possess deep expertise in areas important to 3M.Shareholders,who have s

290、everal options to nominate individuals to serve as 3M directors,choose those directors on an annual basis.The Board consists entirely of independent directors and 3Ms CEO.3Ms Board serves as elected representatives of the shareholders,acts as an advisor and counselor to the CEO and senior management

291、,and oversees management performance on behalf of shareholders.The Board also oversees 3Ms strategic and business planning process;has general oversight responsibilities for our overall environmental,social and governance(ESG)and human resources strategies,goals,and results,including sustainability,

292、environmental stewardship,and diversity,equity,and inclusion;and reviews and assesses managements approach to addressing significant risks facing the company.3Ms Board of Directors has adopted Corporate Governance Guidelines that provide a framework for the effective governance of the company.The gu

293、idelines address matters such as the respective roles and responsibilities of the Board and management,the Boards leadership structure,the responsibilities of the lead independent director,director independence,Board membership criteria,Board committees,succession planning,and the annual Board and c

294、ommittee evaluation process.Corporate Governance Guidelines provide a framework for the effective governance of the company38About reportSite spotlightsWhat we createHow we workWho we areCorporate governance|3M 2023 Global Impact Report3Ms Proxy Statement provides annual updates on governance topics

295、,including:Qualifications,experiences,and diversity of our Board members Director independence Board and committee leadership structure,Board refreshment,and Board committee composition and responsibilities Shareholder outreach and engagement Board oversight activities,including with respect to stra

296、tegy,risk management,management succession planning,human capital(including diversity,equity,and inclusion),and ESG(including sustainability)Executive compensation,including as it relates to environmental and social goalsMore information on 3Ms corporate governance can be found at:Corporate Officers

297、 Board of Directors Committee Composition Governance Documents Certificate of Incorporation and Bylaws Committee Charters Corporate Governance Guidelines Board of Directors Code of Conduct Director Independence Guidelines Annual Reports&Proxy StatementsSustainability governanceOur robust sustainabil

298、ity governance structure includes oversight by our Board of Directors,which receives regular sustainability updates and reviews related risks as part of 3Ms enterprise risk management.The Science,Technology&Sustainability Committee of the Board of Directors has primary oversight responsibility of 3M

299、s sustainability and stewardship activities,including environmental and product stewardship efforts,environmental,health,and safety,and legal and regulatory compliance,among others.3Ms Environmental Responsibility and Sustainability Committee,comprising top 3M executive management,provides leadershi

300、p,oversight,and strategy for sustainability and develops and monitors adherence with related policies and procedures.GroupFunctionBoard of Directors Receives regular sustainability updates at Board meetings Reviews sustainability-related risks as part of 3Ms enterprise risk programScience,Technology

301、&Sustainability Committee of the Board of Directors Provides primary oversight of 3Ms sustainability and stewardship activities Reviews 3Ms sustainability policies and program to identify and analyze significant sustainability,materials-vulnerability,and geopolitical issues that may impact 3Ms overa

302、ll business strategy,global business continuity,and financial resultsEnvironmental Responsibility and Sustainability Committee Provides leadership,oversight,and strategy to encourage and ensure sustainability opportunities are recognized Develops and monitors adherence with strong sustainability-rel

303、ated policies and procedures Includes 3Ms CEO,CFO,CTO&EVP Environmental Responsibility,Group President Enterprise Operations,EVP&Chief HR Officer,EVP&Chief Legal Affairs Officer,SVP&Chief Strategy Officer,and EVP Country Governance&ServicesChief Sustainability Officer Leads 3Ms sustainability activi

304、ties Reports to the Environmental Responsibility and Sustainability Committee and other internal and external groupsSustainability leaders in business groups,areas,and enterprisewide Drives Strategic Sustainability Framework priorities and initiatives consistent with the scope of their role Leads cu

305、stomer relationships to solve shared global challenges39About reportSite spotlightsWhat we createHow we workWho we areThrough engagement with our Board of Directors,executive leadership team,and business units,were working across 3Ms Strategic Sustainability Framework to advance progress toward our

306、sustainability goals.Learn more in our 2023 Proxy Statement,Boards role in sustainability.Public policy engagementAs a concerned member of our communities,3M actively participates in public policy and legislative advocacy,or“lobbying.”We believe that transparency with respect to the consideration,pr

307、ocess,and oversight of our engagement with lawmakers is important to our shareholders,and we continually make efforts to give our shareholders useful information about our public policy engagement.See details in our 2023 Proxy Statement,our Lobbying and Political Activities Principle,and our Lobbyin

308、g and Political Activities Governance document.3Ms approach to taxation3M is committed to complying with all applicable tax laws,rules,regulations,and reporting and disclosure requirements through the implementation of standardized,simplified,cost-effective,and automated compliance processes.This me

309、ans paying the right amount of tax in the right place at the right time and involves disclosing all relevant facts and circumstances to the tax authorities and claiming reliefs,incentives,and exemptions in line with and in the spirit of the applicable tax legislation.In addition,3Ms tax strategy is

310、consistent with the principles set forth in 3Ms Code of Conduct.Approach to risk management and tax governanceAt the highest level,responsibility for taxes resides with 3Ms Global Tax Department based in our headquarters in the United States.The senior vice president for tax reports to 3Ms executive

311、 vice president and chief financial and transformation officer and is a member of 3Ms Finance Committee.The Tax Operating Committee,under the leadership and direction of the senior vice president for tax,has oversight over the material tax matters of 3Ms worldwide business and supply chain.3M assure

312、s the appropriateness of our accounting and tax records on an ongoing basis to enable us to meet our compliance obligations.In countries where we operate,we document and confirm with the respective authorities.Where required,3M assures public disclosures are published according to the regulations.Da

313、y-to-day management of 3Ms taxes is overseen by the tax management responsible for the respective region and area of taxation.Processes relating to various taxes are allocated to the relevant process owners responsible for executing tax compliance controls.Appropriate training is carried out for sta

314、ff who manage or process matters with tax implications.Transactions between 3M companies are conducted on an arms-length basis in accordance with appropriate transfer pricing rules.This assures 3Ms profits are taxed where economic activities are performed.Where there are any areas of uncertainty,3M

315、engages its external professional advisors to provide specialist advice as and when needed.Reporting tax concernsAs with all instances of unethical or unlawful behavior,we encourage our employees to ask questions or report concerns about tax matters to management,3Ms Ethics&Compliance Department,3M

316、legal counsel,3ME,their assigned human resources manager,3Ms Corporate Audit Department,or the Audit Committee of the Board of Directors.Learn more about reporting concerns about unethical or unlawful behavior in the Corporate Code of Conduct section.3Ms attitude to tax planning3M engages in tax pla

317、nning thats aligned with its commercial business activities or supply chain needs and in compliance with tax rules and regulations.3M may engage in tax planning or other activities potentially perceived as tax planning.We do not engage in artificial tax arrangements that lack economic substance,one

318、of the main purposes of which would be to obtain a tax advantage.We may,however,evaluate potential economic options resulting from business transactions with consideration of tax efficiency.Corporate governance|3M 2023 Global Impact Report40About reportSite spotlightsWhat we createHow we workWho we

319、areRisk management in relation to taxationOur approach to tax risk follows principles similar to those that apply to our management of legal,compliance,and other business risks.Our internal framework supports compliance with tax laws and regulations to assure we identify,assess,and mitigate tax risk

320、s,including consideration of both internal and external stakeholders.Approach toward engagement with tax authoritiesWe strive to have an open,honest,and collaborative working relationship with tax authorities.3M assures that specific tax authorities are kept aware of significant transactions and cha

321、nges in the business and seeks to discuss at an early stage any tax issues that arise.When submitting tax computations and returns to country tax authorities,3M discloses all relevant facts and identifies any transactions or issues that we consider to have potential for uncertain tax treatment.We re

322、cognize there could be areas of differing legal interpretations between 3M and tax authorities,and where appropriate well engage in proactive discussion to conclude matters as quickly as possible.Any inadvertent errors in the submission of tax returns and tax computations are fully disclosed as soon

323、 as reasonably practicable after they have been identified.Corporate governance|3M 2023 Global Impact ReportLooking forwardWe regularly post governance news,events,and presentation information on the Events&Presentations page of our Investor Relations website.41About reportSite spotlightsWhat we cre

324、ateHow we workWho we areEnterprise riskOur commitment To assure 3Ms long-term success,were committed to identifying and preparing for material opportunities and threats impacting our ability to deliver on stakeholder expectations.Our impact3Ms general auditor conducts an annual review of the major r

325、isks facing the company and works with executives to assess those risks and develop appropriate mitigation plans.To assure business continuity through global economic and geopolitical challenges,we prioritize the well-being of our workforce,resiliency of our global supply chain,environmental steward

326、ship,and efficiency in our operations.3M believes that good corporate governance practices serve the long-term interests of our stakeholders,strengthen 3Ms Board of Directors and management,and further enhance the public trust weve earned from more than a century of operating with unwavering integri

327、ty.Risk oversightThe concept of risk appetite and tolerance is an essential component of our strategic planning.The Board delegates primary responsibility for the oversight of risks facing the company to the Audit Committee of the Board of Directors.The Audit Committee Charter states that the commit

328、tee will discuss policies and procedures with respect to risk assessment and risk management,the companys major risk exposures,and the steps management has taken to mitigate and monitor such exposures.The Audit Committee has direct oversight of the work of two senior vice president positions,the gen

329、eral auditor and the chief ethics&compliance officer,that both report to the chair of the Audit Committee.The general auditor,Corporate Audit,is responsible for leading the formal risk assessment and management process within the company and annually reports the results to the full Board.Enterprise

330、risk|3M 2023 Global Impact Report.we prioritized the well-being of our workforce,resiliency of our global supply chain,environmental stewardship,and efficiency in our operations.42About reportSite spotlightsWhat we createHow we workWho we areEnterprise risk|3M 2023 Global Impact ReportConsulting wit

331、h the companys senior management and the Board,the general auditor annually leads the assessment of the major risks facing the company and works with the executives responsible for managing each risk to develop appropriate mitigation and monitoring plans.The general auditor periodically reviews with

332、 the Audit Committee its findings and results from this work.3Ms 2022 Annual Report on Form 10-K,Item 1A summarizes risk factors applicable to the company.In addition,3Ms 2023 Proxy Statement provides details on Board oversight committees and members.See our 2022 Annual Report and 2023 Proxy Stateme

333、nt.1:1 risk management meetingsIn 2022,the general auditor met individually with each independent 3M Board member and each member of the executive-level Corporate Operating Committee(COC)to discuss risk management in general,as well as specific risk-related topics facing the company.These meetings provided the COC and Board members the opportunity to share what risk issues were top of mind for the