Financial News
3M Advances Renewable Energy As One of the Founding Members of Global Alliance for Sustainable Energy
SOURCE: 3M
SUMMARY:
- The goal of the Alliance is to take collective action towards the full sustainability of renewable energy.
- 3M joined the Alliance for engagements at the United Nations’ COP26 Climate Change Conference in Glasgow, Scotland.
DESCRIPTION:
ST. PAUL, Minn., November 23, 2021 /3BL Media/ - 3M is responding to the urgent need to decarbonize the global energy system as one of the founding members of the Global Alliance for Sustainable Energy. This new coalition used engagements at the UN Climate Change Conference (COP26) in Glasgow to advance its mission of addressing challenges in the renewable industry.
“At 3M, we’re committed to applying science and innovation to improve our planet and its people,” said Gayle Schueller, 3M senior vice president and chief sustainability officer. “We are proud of the progress we’ve made in advancing sustainable energy, but know there’s more work to be done and, that by acting collectively with fellow Alliance members, we can accelerate global energy and climate solutions.”
In a panel discussion hosted by the Alliance and Global Wind Energy Council (GWEC), Schueller shared updates on 3M’s transition to renewable electricity. The company has committed to move its global operations to 100% renewable electricity by 2050 and is on track to surpass 50% renewable use in 2021—four years ahead of schedule. It is also making operational improvements to drive energy efficiency, aiming for a 30% improvement indexed to net sales by 2025. By sharing insights on successful procurement practices, and collectively discussing solutions to common barriers, the event aimed to encourage others to join the Alliance in advancing the renewable transition.
The Global Alliance for Sustainable Energy, which is fully aligned with the UN 2030 Agenda for Sustainable Development, brings together power utilities, innovators, manufacturers, universities, regulators, associations and civil society. In addition to 3M, the 17 founding members are Adani Renewables, Eletrobras, Enel Green Power, Edp, Iberdrola, Global Solar Council, Global Wind Energy Council, Goldwind, JA Solar, Nordex Group, NTPC Limited, Polytechnic University of Milan, Polytechnic University of Turin, ReNew Power, Risen Energy and Trina Solar.
Alliance members will collaboratively tackle sustainability challenges associated with the transition from fossil fuels to renewable energy. To do so, they are focusing on four key areas: net-zero emissions and CO2 footprints; circular economy and design; human rights; and the water footprints. 3M, through its Electrical Markets Division, has been working with the Alliance from the beginning, providing scientific and technological expertise on sustainable innovation—especially in the context of energy optimization solutions. “Empowering customers to deliver efficient, reliable and sustainable energy is our worldwide division’s strategic intent,” said Patrick Rogiers, 3M Electrical Markets Division President.
To learn more about the Global Alliance for Sustainable Energy, visit www.sustainable-energy.eco. For more information on 3M's ongoing efforts to improve the environment, visit www.3M.com/sustainability.
About 3M
At 3M, we apply science in collaborative ways to improve lives daily as our employees connect with customers all around the world. Learn more about 3M's creative solutions to global challenges at https://www.3m.com/ or on Twitter @3M or @3MNews.
About Global Alliance for Sustainable Energy
The Global Alliance for Sustainable Energy is an independent organization created to drive progress towards the full sustainability of the renewable energy industry. The Alliance is committed to the widespread adoption of best practices and the definition of sustainability standards across the solar and wind energy value chains, through education and partnerships. www.sustainable-energy.eco.
Media enquiries should be directed to the Global Solar Council communications team: press@globalsolarcouncil.org.
KEYWORDS: 3M, NYSE: MMM, Global Alliance for Sustainable Energy, COP26
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