3M Advances Actions for Environmental Stewardship in Zwijndrecht5 min read
ST. PAUL, Minn., March 30, 2022 /PRNewswire/ — 3M (NYSE: MMM) these days announced an additional investment decision of 150 million Euro to proactively advance remedial actions for the Zwijndrecht local community to handle legacy producing and disposal of per- and polyfluoroalkyl substances (PFAS). This is in addition to investments and steps the company has taken to even more minimize PFAS discharges and emissions, carry on jogging non-PFAS linked producing, and re-begin beforehand idled PFAS-linked producing procedures.
“We want to create a constructive, collaborative romance with Flemish authorities to handle the issues of all stakeholders. Today represents one more crucial stage forward in delivering on a broader set of commitments to our neighbors in Flanders,” reported 3M chairman and main government officer, Mike Roman.
“These investments aid boost our environmental stewardship, and achieve more time-phrase balance for 3M’s functions in Belgium. We go on to progress and function non-PFAS relevant producing there, while functioning to get additional PFAS-enabled production procedures up and functioning in compliance with area safety measures,” Roman extra. “In addition to leveraging our world production footprint to deliver for our customers, we have also set in spot new controls in Zwijndrecht, including engineering to control air emissions, and seize, dispose, and address PFAS in h2o. These investments, alongside with appropriate collaboration with the suitable authorities, aid us deliver idled procedures again on the web enabling European generation of vital merchandise for our prospects about the planet.”
Addressing historical activity: 3M has dedicated to tackle legacy PFAS the enterprise experienced beforehand made at its Zwijndrecht facility. An accredited third-social gathering soil remediation specialist has not long ago concluded substantial perform on a descriptive soil investigation that allows tell 3M’s remedial steps onsite and in the bordering region.
Costs affiliated with preliminary remedial steps are now believed at 150 million Euro. 3M has accelerated sure remedial timelines and actions, which will be completed with oversight from the suitable authorities. 3M expects to record a demand in the very first quarter of 2022 connected with the estimate of this phase of remediation and to mirror it as an adjustment in arriving at final results, modified for distinctive goods.
Progressing on commitments: Dependable with its get the job done at other producing facilities, 3M is more decreasing PFAS discharges from its functions. 3M has engineered and activated a wastewater therapy process that has aided considerably decrease PFAS discharges from its web-site in Zwijndrecht, whilst continuing to get the job done with appropriate authorities to resolve the wastewater discharge allow modification difficulties that influence the facility’s operations, as beforehand disclosed in 3M’s 2021 10-K. 3M is also producing method improvements and implementing further controls that reduce air emissions.
Supporting the citizens of Zwijndrecht: 3M is also dedicated to supporting our neighbors and neighborhood. To aid guidance farmers who have been economically impacted, 3M worked collaboratively with the Flemish authorities and area farmers’ association to establish a goodwill compensation procedure. This procedure is underway, and in the coming weeks, numerous dozen agricultural organizations will start out to obtain payments.
These options further more show 3M’s determination to company duty and international environmental stewardship. 3M has built sizeable development in comparable function at other spots globally, including at web sites in the United States and Germany. To understand a lot more, check out www.3M.com/PFAS.
This push launch is made up of forward-hunting information and facts about 3M’s economical outcomes and estimates and organization prospective buyers that require considerable hazards and uncertainties. You can identify these statements by the use of text this kind of as “foresee,” “estimate,” “assume,” “intention,” “task,” “intend,” “approach,” “think,” “will,” “must,” “could,” “concentrate on,” “forecast” and other terms and phrases of similar indicating in connection with any dialogue of foreseeable future running or financial efficiency or business enterprise ideas or prospective buyers. Amongst the elements that could result in true final results to differ materially are the next: (1) all over the world economic, political, regulatory, worldwide trade and other external ailments and other components outside of the Company’s regulate, including all-natural and other disasters or weather adjust affecting the operations of the Company or its shoppers and suppliers (2) dangers relevant to general public overall health crises such as the worldwide pandemic involved with the coronavirus (COVID-19) (3) foreign forex exchange costs and fluctuations in all those fees (4) liabilities relevant to selected fluorochemicals, together with lawsuits regarding numerous PFAS-relevant products and chemistries, and statements and governmental regulatory proceedings and inquiries connected to PFAS in a assortment of jurisdictions (5) authorized proceedings, such as important developments that could manifest in the legal and regulatory proceedings explained in the Firm’s Yearly Report on Type 10-K for the year finished Dec. 31, 2021, and any subsequent quarterly experiences on Form 10-Q (the “Stories”) (6) aggressive ailments and shopper preferences (7) the timing and industry acceptance of new product choices (8) the availability and price of ordered elements, compounds, uncooked products, vitality (together with oil and all-natural gas and their derivatives) and labor because of to shortages, enhanced demand and wages, logistics, offer chain interruptions or production web-site disruption (such as those brought about by normal and other disasters and other functions these as govt steps) (9) unanticipated difficulties or delays with the phased implementation of a worldwide enterprise resource planning (ERP) technique, or safety breaches and other disruptions to the Firm’s facts engineering infrastructure (10) the impression of acquisitions, strategic alliances, divestitures and other abnormal activities resulting from portfolio management steps and other evolving enterprise techniques, and achievable organizational restructuring (11) operational execution, including scenarios in which the Enterprise generates less efficiency improvements than estimated (12) economical market risks that may perhaps have an impact on the Firm’s funding obligations underneath defined profit pension and postretirement designs (13) the Company’s credit rating scores and its price tag of cash and (14) tax-similar external disorders, such as adjustments in tax charges, legal guidelines or laws. Modifications in these kinds of assumptions or variables could create considerably various effects. A additional description of these factors is positioned in the Studies underneath “Cautionary Notice Relating to Elements That Might Have an effect on Foreseeable future Benefits” and “Chance Factors” in Part I, Items 1 and 1A (Once-a-year Report) and in Component I, Product 2 and Portion II, Product 1A (Quarterly Experiences), as up to date by applicable Existing Reports on Form 8-K. The information contained in this push release is as of the date indicated. The Firm assumes no obligation to update any forward-looking statements contained in this push launch as a result of new information or long term situations or developments.
At 3M (NYSE: MMM), we utilize science in collaborative strategies to enhance lives each day as our personnel join with prospects all all-around the environment. Discover far more about 3M’s creative answers to worldwide problems at www.3M.com or on Twitter @3M or @3MNews.
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