STOCK TITAN

3M to partner with U.S. federal government on national strategy to curb traffic-related deaths, offering 80 years of science in traffic safety

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

On February 15, 2023, 3M was identified as a primary stakeholder by the U.S. Department of Transportation (DOT) in the National Roadway Safety Strategy (NRSS), aiming to reduce traffic fatalities significantly. 3M brings over 80 years of traffic safety expertise and has pledged funding towards transportation equity initiatives. The collaboration responds to alarming statistics indicating nearly 43,000 traffic-related deaths in 2021, the highest in 16 years. 3M is committed to improving safety in school zones globally and has previously pledged $50 million to address social justice and equity gaps.

Positive
  • Named primary stakeholder in DOT's National Roadway Safety Strategy.
  • Brings over 80 years of expertise in traffic safety.
  • Pledged funding for transportation equity initiatives.
Negative
  • None.

ST. PAUL, Minn., Feb. 15, 2023 /PRNewswire/ -- The U.S. Department of Transportation (U.S. DOT) recently named 3M a primary stakeholder in a campaign to accelerate the National Roadway Safety Strategy (NRSS), a comprehensive approach to significantly reduce traffic-related deaths and injuries. The Call-to-Action campaign encourages existing stakeholders to redouble their efforts to promote safe roadways and inspire others to join the effort.

3M is committed to helping the DOT and the NRSS by offering more than 80 years of science and expertise in traffic safety and by funding initiatives to address transportation equity. 3M is listed as a 'First Mover' among the DOT's Allies in Action, a grouping that has already pledged specific action in 2023.

"3M is fully committed to supporting the DOT and its NRSS vision," said Dan Chen, 3M president of transportation safety. "We have a shared mission of making our roadways safer for drivers and pedestrians. The more collaboration we have among public and private organizations, the more American lives we can save."

In 2021, nearly 43,000 individuals were killed in traffic-related accidents, the highest total in 16 years.

"When it comes to roadway deaths, we have a crisis that's urgent and unacceptable-and preventable..." said Pete Buttigieg, U.S. secretary of transportation. "We cannot and must not accept that these fatalities are somehow an inevitable part of life in America."

In 2020, 3M pledged $50 million to address social justice and racial opportunity gaps. A portion of those dollars, approximately $250,000 annually, go to invest in transportation equity initiatives. 3M has also committed to improve 100 school zones around the world by improving reflective signs and crosswalks.  

If your organization is looking to support the NRSS, please visit this link and learn how you can help. 

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.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/3m-to-partner-with-us-federal-government-on-national-strategy-to-curb-traffic-related-deaths-offering-80-years-of-science-in-traffic-safety-301747874.html

SOURCE 3M

FAQ

What is the National Roadway Safety Strategy involving 3M?

The National Roadway Safety Strategy is a campaign led by the U.S. DOT to reduce traffic-related deaths, where 3M has been named a primary stakeholder.

How much has 3M pledged to transportation equity initiatives?

3M has committed approximately $250,000 annually towards transportation equity initiatives as part of a larger $50 million pledge.

What are the traffic death statistics mentioned by 3M?

In 2021, nearly 43,000 individuals were killed in traffic-related accidents in the U.S., marking the highest total in 16 years.

What specific actions is 3M taking to improve roadway safety?

3M is committed to improving safety in 100 school zones globally by enhancing reflective signs and crosswalks.

3M Company

NYSE:MMM

MMM Rankings

MMM Latest News

MMM Stock Data

70.03B
543.85M
0.12%
68.41%
1.29%
Conglomerates
Surgical & Medical Instruments & Apparatus
Link
United States of America
ST PAUL