Sostenibilidad: Directora de sostenibilidad de 3M, Gayle Schueller, explica cómo su empresa está adoptando la economía circular

 

3 M has long been known as an innovative company. Who hasn’t used the firm’s Post-it notes, applied Scotch tape to a ripped page, or seen city buses wrapped with its perforated Scotchcal graphic film, which covers windows with images while allowing drivers and passengers to see out?

But these days innovation is about more than just cool properties or great functionality. Gayle Schueller, 3M’s chief sustainability officer, says if the firm is to continue its run of innovative products, it has to invent new products and redesign old ones with an eye toward reducing their environmental impact. A materials scientist with a PhD from the University of Virginia, Schueller is leading the effort to turn that goal into reality.

Designing and developing products for industrial, health-care, and electronics industry customers for more than a century has made 3M a hugely successful company with close to $33 billion in annual sales. To keep its innovation engine running, 3M invests close to $2 billion in research each year. At 5.6% of sales, the firm’s R&D spending is much more than the 3.3% average of major chemical makers.

However, innovation can come with unintended consequences. Like other large firms that rely on chemistry to introduce gee-whiz products, 3M has sometimes created things that were not kind to the environment. For instance, the fluorosurfactants once used in the company’s firefighting foams and stain-resistant carpet treatments persist in the environment today and are associated with diseases such as cancer.

Schueller notes that 3M developed its fluorosurfactants with good intentions and used the best science available when it introduced the firefighting foams and fabric protectants. That may be true, but fluorosurfactants present in drinking water are now a crisis for affected communities and a headache for 3M, which has had to defend itself in numerous lawsuits.

Among the claims the firm has settled is a $5 billion lawsuit over drinking water contaminated with perfluorooctanoic acid. The firm resolved the case in February 2018 with an $850 million payment to the State of Minnesota just as it was set to go to trial.

The eye-popping resolution affected both 3M’s bottom line and its stock valuation, according to Laurence Alexander, a stock analyst at the investment firm Jefferies. From the time 3M settled with Minnesota until June of this year, investor concern over liabilities associated with per- and polyfluoroalkyl substances (PFAS) clipped $55 billion from 3M’s stock market value, Alexander estimates. The fluorochemical producer Chemours has also suffered a large drop in market capitalization in recent months.

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