Multinational conglomerate 3M (St. Paul, Minnesota, USA) recently announced that it will exit per- and polyfluoroalkyl substances (PFAS) manufacturing and work to discontinue the use ofPFAS across its product portfolio by the end of 2025. According to 3M, PFAS are critical in the manufacture of many products that are important for modern life, including medical technologies, semiconductors, batteries, phones, automobiles, and airplanes.
3M’s decision is based on careful consideration and a thorough evaluation of the evolving external landscape, including multiple factors such as accelerating regulatory trends focused on reducing or eliminating the presence of PFAS in the environment and changing stakeholder expectations.
“This is a moment that demands the kind of innovation 3M is known for,” says Mike Roman, chairman and CEO of 3M. “While PFAS can be safely made and used, we also see an opportunity to lead in a rapidly evolving external regulatory and business landscape to make the greatest impact for those we serve. This action is another example of how we are positioning 3M for continued sustainable growth by optimizing our portfolio, innovating for our customers, and delivering long-term value for our shareholders.”
Among the actions 3M will take:
- Exit all PFAS manufacturing by the end of 2025: 3M will discontinue manufacturing all fluoropolymers, fluorinated fluids, and PFAS-based additive products. In order to help facilitate an orderly transition for customers, 3M intends to fulfill current contractual obligations during the transition period.
- Work to discontinue use of PFAS across 3M’s product portfolio by the end of 2025: According to the company, it has already reduced its use of PFAS over the past three years through ongoing research and development, and will continue to innovate new solutions for customers.
With these two actions, 3M says it is committed to innovating toward a world less dependent on PFAS. While stressing that its products are safe for their intended uses, 3M will continue to remediate PFAS and address litigation by defending itself in court or through negotiated resolutions, all as appropriate.
Source: 3M News Center, https://news.3m.com.