3m Case Study
Introduction to 3M
3M is a $31 billion diversified science-based technology company with a global presence and the following business groups: Consumer, Electronics and Energy, Health Care, Industrial, and Safety and Graphics. These five business segments bring together combinations of 3M’s 46 unique technology platforms to produce various products, driving innovation and providing for efficient sharing of business resources. With operations in more than 70 countries — and 55,000 products sold across nearly 200 countries — 3M is intricately woven into the global economy and deeply invested in humanity. No one is ever far from a 3M product, which empowers 3M to make a difference city by city, village by village and person by person.
MISSION …show more content…
defines social responsibility?
According to 3M, social responsibility is defined as engaging key stakeholders in dialogue and taking action to improve 3M’s sustainability performance.
For engaging the stakeholders, the assessment conducted by 3M includes both the significant sustainability impacts on 3M and the most important issues that concern their stakeholders. A quantitative, stakeholder-driven approach was used to determine and prioritize the key sustainability issues for 3M’s internal and external stakeholders that could be tracked over time and helped in providing rigor in driving strategy internally. This quantitative and systematic understanding of stakeholder priorities provides a robust and transparent assessment for advancing 3M’s sustainability and engaging stakeholders.
3M has been vigorously pursuing its key sustainability objectives which include
• Managing their environmental footprint
• Developing solutions that address environmental and social challenges for their customers and …show more content…
• Social Responsibility: Engage key stakeholders in dialogue and take action to improve 3M’s sustainability performance.
Environmental protection involves social responsibility intervention with regards to planet and social responsibility involves social responsibility intervention with regards to people.
1. Social responsibility with regards to people
a. Stakeholder Engagement
3M has created a robust, stakeholder-driven approach to sustainability that serves as a foundation for its sustainability strategy and reporting. By understanding the critical sustainability issues from both internal and external perspectives, 3M can deepen its social license to operate and develop corporate strategy, goals, targets, programs, initiatives and a stakeholder engagement strategy to advance sustainability globally.
The major stakeholders and key actions taken by 3M with regards to their engagement are given below:
1. Employees
• Respecting human rights and diversity
• Supporting, optimizing and promoting development and growth
• Ensuring a safe and healthy work environment
• Ensuring equal opportunity
• Providing competitive compensation and
3M is a $31 billion diversified science-based technology company with a global presence and the following business groups: Consumer, Electronics and Energy, Health Care, Industrial, and Safety and Graphics. These five business segments bring together combinations of 3M’s 46 unique technology platforms to produce various products, driving innovation and providing for efficient sharing of business resources. With operations in more than 70 countries — and 55,000 products sold across nearly 200 countries — 3M is intricately woven into the global economy and deeply invested in humanity. No one is ever far from a 3M product, which empowers 3M to make a difference city by city, village by village and person by person.
MISSION …show more content…
defines social responsibility?
According to 3M, social responsibility is defined as engaging key stakeholders in dialogue and taking action to improve 3M’s sustainability performance.
For engaging the stakeholders, the assessment conducted by 3M includes both the significant sustainability impacts on 3M and the most important issues that concern their stakeholders. A quantitative, stakeholder-driven approach was used to determine and prioritize the key sustainability issues for 3M’s internal and external stakeholders that could be tracked over time and helped in providing rigor in driving strategy internally. This quantitative and systematic understanding of stakeholder priorities provides a robust and transparent assessment for advancing 3M’s sustainability and engaging stakeholders.
3M has been vigorously pursuing its key sustainability objectives which include
• Managing their environmental footprint
• Developing solutions that address environmental and social challenges for their customers and …show more content…
• Social Responsibility: Engage key stakeholders in dialogue and take action to improve 3M’s sustainability performance.
Environmental protection involves social responsibility intervention with regards to planet and social responsibility involves social responsibility intervention with regards to people.
1. Social responsibility with regards to people
a. Stakeholder Engagement
3M has created a robust, stakeholder-driven approach to sustainability that serves as a foundation for its sustainability strategy and reporting. By understanding the critical sustainability issues from both internal and external perspectives, 3M can deepen its social license to operate and develop corporate strategy, goals, targets, programs, initiatives and a stakeholder engagement strategy to advance sustainability globally.
The major stakeholders and key actions taken by 3M with regards to their engagement are given below:
1. Employees
• Respecting human rights and diversity
• Supporting, optimizing and promoting development and growth
• Ensuring a safe and healthy work environment
• Ensuring equal opportunity
• Providing competitive compensation and