Solventum Announces Commitment to 100% Renewable Electricity by 2030

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Solventum (NYSE: SOLV), formerly 3M Health Care, has pledged to use 100% renewable electricity across its global operations by 2030. This commitment underscores the company's focus on sustainability and the healthcare industry's role in addressing climate change. Since 2021, Solventum has transitioned ten manufacturing sites to renewable electricity, accounting for 48% of its total electricity consumption. The company aims to increase this to 80% by 2025.

The transition is expected to result in a 45% reduction in scope 1 and 2 greenhouse gas emissions by 2030 from the 2021 baseline, equivalent to removing 20,000 cars from the road. CEO Bryan Hanson emphasized that this aligns with Solventum's mission of enabling better, smarter, safer healthcare, recognizing the direct impact of environmental health on human health.

Positive

• Commitment to 100% renewable electricity by 2030
• 48% of total electricity consumption already from renewable sources
• On track to reach 80% renewable electricity by 2025
• Expected 45% reduction in scope 1 and 2 greenhouse gas emissions by 2030

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• None.

ST. PAUL, Minn., Oct. 14, 2024 /PRNewswire/ -- Solventum (NYSE: SOLV), formerly 3M Health Care, today pledges to use 100% renewable electricity across its worldwide operations by 2030. This move highlights Solventum's commitment to sustainability and the critical role of the healthcare industry in addressing climate change. It also demonstrates how the company is integrating sustainable practices in its facilities and innovating solutions for customers.

Since 2021, Solventum has transitioned ten manufacturing sites across the United States, Canada, Germany, Poland and France to renewable electricity, accounting for 48% of the company's total electricity consumption. Solventum is on track to increase this amount to 80% by 2025, a significant step towards meeting the 2030 target.

"We have a strong legacy of pioneering sustainable practices and our commitment to sourcing 100% renewable electricity is an important step as we continue to build a sustainability program for Solventum," said Bryan Hanson, chief executive officer, Solventum. "Our commitment also aligns with our mission of enabling better, smarter, safer healthcare to improve lives since environmental health directly impacts human health."

The transition to 100% renewable electricity is anticipated to result in a 45% reduction in scope 1 and 2 greenhouse gas emissions by 2030 from the 2021 baseline year. This will deliver a carbon reduction equivalent to removing 20,000 cars from the road.

For more information about sustainability and Solventum, visit our website.

About Solventum
At Solventum, we enable better, smarter, safer healthcare to improve lives. As a new company with a long legacy of creating breakthrough solutions for our customers' toughest challenges, we pioneer game-changing innovations at the intersection of health, material and data science that change patients' lives for the better — while empowering healthcare professionals to perform at their best. See how at Solventum.com. 

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SOURCE Solventum

FAQ

What is Solventum's (SOLV) renewable electricity goal for 2030?

Solventum (SOLV) has committed to using 100% renewable electricity across its worldwide operations by 2030.

How much of Solventum's (SOLV) electricity consumption is currently from renewable sources?

As of October 2024, 48% of Solventum's (SOLV) total electricity consumption comes from renewable sources.

What is Solventum's (SOLV) target for renewable electricity usage by 2025?

Solventum (SOLV) aims to increase its renewable electricity usage to 80% by 2025.

How will Solventum's (SOLV) renewable electricity commitment impact its greenhouse gas emissions?

Solventum (SOLV) expects a 45% reduction in scope 1 and 2 greenhouse gas emissions by 2030 from the 2021 baseline year.