Month: April 2023

3M’s 2023 Global Impact Report highlights the progress we’ve have made toward our goals – as well as the actions we took in 2022 to advance our impact in environment, social and governance (ESG). Our new ESG metrics (Excel, 4.6 MB, available in your downloads once clicked) provides a comprehensive summary of related performance data, maps, and charts.

Our actions in sustainability are rooted in our purpose to unlock the power of people, ideas and science to reimagine what’s possible through the actions we take across our Sustainability Framework.

Science for Circular: We see the circular economy as an opportunity to create important solutions, inspire leadership, and implement disruptive change across all industries.

Since 2019, we have reduced water usage by 16.8%, indexed to sales. In addition, we are ahead of schedule in installing state-of-the-art filtration technologies at the largest water use locations globally.
Since 2021, we reduced over 54 million pounds of virgin fossil-based plastic use.
By the end of 2022, 44.9% of 3M manufacturing sites had attained zero waste to landfill status.

Science for Climate: Climate change remains one of our greatest challenges, we continue to focus on driving innovations to help provide climate solutions in our operations, products and communities.

Since 2002, we have reduced our absolute carbon footprint by more than 78%. And since 2019, we have reduced Scope 1 & 2 market-based emissions by 37.8%.
We surpassed our 2025 renewable energy goal of 50% renewable electricity in our operations with 51.9% renewable electricity use in 2022.
As of 2022, we’ve helped our customers reduce their GHGs by 121 million tons of CO2 equivalent emissions through the use of 3M products since 2015.

Science for Community: In 2022 alone, we continued to take meaningful steps towards a more equitable future and unlocking the power of diversity, including the launch of our new Equity and Community website.

To advance economic equity, we created over 1 million unique STEM and skilled trades learning experiences for underrepresented individuals.
In 2022, we invested $11.6 million in organizations and schools that promote STEM and skilled trades for underrepresented communities, as well as organizations that assist families and households facing unique challenges from centuries of systemic racism and inequalities that multiply generationally.
We’ve continued to achieve 100% gender pay equity in our global regions.

Throughout the rest of 2023, we will continue to bring our purpose and promise to life through the actions and progress we make on our goals. Join us on our journey of imagining and delivering a better world for everyone.

About 3M
3M (NYSE: MMM) believes science helps create a brighter world for everyone. By unlocking the power of people, ideas and science to reimagine what’s possible, our global team uniquely addresses the opportunities and challenges of our customers, communities, and planet. Learn how we’re working to improve lives and make what’s next at 3M.com/news or on Twitter at @3M or @3MNews.

Media contact:
Tim Post

Despite a very challenging year in 2022, Yum China remained profitable every quarter and expanded our store network, while continuing to make significant progress towards our Environmental, Social and Governance (ESG) goals. Throughout the pandemic, our commitment to our ESG priorities never wavered, and we stayed true to our purpose by supporting our employees, effectively serving our customers, and giving back to our communities.

We are committed to making continuous progress towards our ESG goals throughout our company. We have incorporated ESG as a key performance evaluation criterion for each leadership team member, as they are accountable for driving progress towards these goals. Beyond that, we are exploring opportunities to elevate the prominence of ESG throughout our organization by incorporating ESG metrics and results into our broader employee incentive program. This will encourage employees at every level to incorporate ESG priorities into their daily work.

In 2022, we made important progress in advancing our ESG agenda in the following ways:

We are actively executing on our plan to decarbonize our business. We have set near-term greenhouse gas (GHG) emissions reduction targets that have been approved by the Science Based Targets initiative (SBTi). This represents a major milestone on our journey towards achieving net-zero value chain GHG emissions by 2050. We are

committed to reducing GHG emissions by more than 60% by 2035 from a 2020 base year, and we have created a roadmap for achieving a low-carbon future. Our roadmap has three strategic enablers: energy efficiency improvement, renewable energy investment, and supplier engagement.

We are continuously exploring ways to optimize our operations by reducing our reliance on natural resources and increasing our waste recycling. In 2022, we undertook a number of circular economy initiatives: one focused on optimizing packaging and using sustainable packaging materials; another explored recycling and reusing waste as an input where feasible. We initiated a pilot project in Shanghai to fuel our vehicles with B5 biodiesel, a blend incorporating five percent biodiesel made from used cooking oil. We are the first restaurant company in China to recycle used cooking oil in this way. In addition, we have initiated a pilot program in 66 restaurants in Shanghai to recycle packaging waste generated in daily operations. We are actively exploring several new circular economy initiatives.

Food safety is our top priority at Yum China. We have made a substantial investment to build an industry-leading, intelligent, digitalized food safety and quality management system. Utilizing Artificial Intelligence (AI), Internet of Things (IoT), and real-time data collection and analysis, we have established rigorous control measures across the value chain. We also advocate for a balanced diet and healthy eating habits, offering our customers a wide range of nutritious choices. We offer delicious food and great value through product innovation: we launched more than 500 new and upgraded menu items in 2022, despite the disruption of the pandemic. We also released the Yum China Nutrition and Health Policy, highlighting our commitment to promoting balanced diets.

We adhered firmly to our ‘People First’ philosophy, prioritizing occupational health and safety. This commitment was especially important during the pandemic when we doubled down on our efforts to support our people. We provided job security during tough times by refraining from layoffs, increasing medical coverage for eligible staff and their families, and providing them with food and medical supplies during lockdowns. In 2022, we further upgraded our employee benefits plan and established the ‘Yum China Employee Mutual Aid Fund’ to offer financial assistance to employees in need.

I’m extremely proud of our employees’ heroic efforts throughout the pandemic, especially during lockdowns. Our over 400,000 employees live and breathe our core value of ‘Always Doing the Right Thing’. In 2022, our employees recorded over four million hours of volunteer time to support their local communities. Our flagship One Yuan Donation Program celebrated its 15th anniversary, through it we contribute to poverty alleviation and rural revitalization by improving the diet and nutrition of children in remote areas and enhancing their access to digital education. Over the past 15 years, we have continuously fine-tuned the program to increase its impact. We extended fundraising channels from our stores to our own online platforms such as KFC and Pizza Hut Super Apps, and we rolled out new fundraising initiatives like charity auction livestreams led by our executives.

While many uncertainties may lie ahead, I firmly believe that Yum China is uniquely positioned to thrive as a business – and as a responsible corporate citizen. We are grateful to everyone who has joined us on our ESG journey, and we will continue to foster a culture of creativity and collaboration as we work towards our ESG goals.

Joey Wat

Chief Executive Officer, Yum China Holdings, Inc.