3M

Minnesota
Capital Goods

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

3M vets vendors according to LGBTQ policies and does not provide its employees with protections against viewpoint discrimination. However, it has not publicly terminated business relationships based on views or beliefs. 3M covers the cost of "medically necessary transition-related care" for its employees and their children. 3M supports the Equality Act and discriminates against some religious organizations in its charitable giving. However, it has not used its PAC contributions for ideological purposes. For these reasons, 3M receives a Medium Risk rating.

Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level
Rationale

3M has not publicly terminated business relationships due to religious beliefs or political views. The company received a score of 100 on the Corporate Equality Index from the Human Rights Campaign. Among other requirements, this means 3M has pledged to vet vendors according to LGBTQ policies (1)(2).

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level
Rationale

3M donates through its volunteer matching program to “Public serving, independent, non-religiously affiliated programs of houses of worship/churches (examples include food shelves or private schools)”, thereby excluding some religious organizations in its charitable giving (1)(2). 3M also has a donation program for colleges and universities and permits donations to religiously affiliated colleges and seminaries (3).

Criteria

Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.

Risk Level
Rationale

3M does not protect its employees from viewpoint discrimination (1).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.

Risk Level
Rationale

3M signed an open letter in support of the Equality Act (1). 3M, as a member of the Business Roundtable lobbyist group, issued a statement supporting the security of voting rights but did not sign the Business Roundtable’s open letter criticizing Georgia’s voting law (2)(3). In response to George Floyd’s death, 3M launched a Social Justice Fund (4).

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

3M has a perfect score on the HRC’s 2022 Corporate Equality Index. This score indicates the company covers the cost of “medically necessary transition-related care” for its employees and their children (1)(2). 3M donated $250,000 to the Saint Paul YWCA and $250,000 to the Penumbra Center for Racial Healing, both of which exist to fight “systemic racism” (3).

Criteria

Uses corporate political contributions for ideological, non-business purposes.

Risk Level
Rationale

3M has not used its PAC donations for ideological purposes (1).

All links were last accessed and all information was updated on:
November 27, 2023

Company reports are intended for educational use only. Full Disclaimer

Voting History

Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
5/10/22EnvironmentalJohn Bishop Montgomery TrustReport on Environmental CostsAgainst13.16%
5/10/22SocialSteven MilloyReport on Operations in Communist ChinaAgainst3.24%
Generate Reports
Clear
Toast

This website stores cookies on your computer. These cookies are used to collect information about how you interact with our website and allow us to remember you. We use this information in order to improve and customize your browsing experience and for analytics and metrics about our visitors both on this website and other media. To find out more about the cookies we use, see our Privacy Policy.

Accept