Chapter 19 Innovation, Research, and Development
The second element in the Strategy and Execution section of the Scorecard addresses the extent to which companies embed sustainability into their innovation, research, and development processes.
3M has, for many decades, had a near obsession with eco-efficiency—the systematic reduction in the amount of energy and materials wasted in the full life-cycle creation, use and disposal of goods and services. The company’s widely known Pollution Prevention Pays (3P) program has saved many billions of dollars over more than four decades (since its visionary launch in 1975).
More recently, 3M has transitioned its innovation credo from eco-efficiency and waste reduction to innovation and revenue growth. The ...