07.29.21
3M is expanding its ongoing commitment to environmental stewardship by investing in TPG Rise Climate, a multi-billion dollar climate impact investing fund that deploys mission-driven capital at scale.
TPG Rise Climate is focusing investments on clean energy, enabling solutions, decarbonized transport, greening industrials, and agricultural and natural solutions. The first-close fund participation of more than 20 global companies, including 3M, was recently announced.
"From environmental goals to reduce water use, improve water quality, and achieve carbon neutrality, to our ongoing investments in emerging technologies that advance sustainability, 3M is committed to making a difference in the trajectory of climate change," said Gayle Schueller, SVP and chief sustainability officer, 3M.
Advancing Environmental Goals
Earlier this year, 3M announced new environmental goals to help mitigate climate change, achieve cleaner air, improve water quality, and reduce waste.
The company is investing approximately $1 billion over the next 20 years to achieve carbon neutrality by 2050, reduce water use by 25% at its facilities, and return higher quality water to the environment after use in manufacturing operations.
3M also aims to reduce its dependence on virgin fossil-based plastic by 125 million pounds by 2025. 3M has already begun installing technologies at its facilities worldwide to accelerate these environmental goals.
TPG Rise Climate is focusing investments on clean energy, enabling solutions, decarbonized transport, greening industrials, and agricultural and natural solutions. The first-close fund participation of more than 20 global companies, including 3M, was recently announced.
"From environmental goals to reduce water use, improve water quality, and achieve carbon neutrality, to our ongoing investments in emerging technologies that advance sustainability, 3M is committed to making a difference in the trajectory of climate change," said Gayle Schueller, SVP and chief sustainability officer, 3M.
Advancing Environmental Goals
Earlier this year, 3M announced new environmental goals to help mitigate climate change, achieve cleaner air, improve water quality, and reduce waste.
The company is investing approximately $1 billion over the next 20 years to achieve carbon neutrality by 2050, reduce water use by 25% at its facilities, and return higher quality water to the environment after use in manufacturing operations.
3M also aims to reduce its dependence on virgin fossil-based plastic by 125 million pounds by 2025. 3M has already begun installing technologies at its facilities worldwide to accelerate these environmental goals.
