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3M Takes A Smart Approach To Enhance Supply Chain Stewardship

Date: 09 March 2016

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5 pages

Executive Summary

This strategy case study is one in a series of reports that analyses the business practice of integrating EH&S, social and human rights factors into supplier management programmes. This report helps senior managers in procurement, sourcing, EH&S and sustainability to benchmark their strategic thinking on supply chain stewardship. Verdantix reached out to 3M, a US-based global diversified $30.3 billion manufacturing firm, to better understand how conglomerates can manage complex supply chains while balancing stewardship needs. 3M’s global portfolio comprises more than 50,000 products across sectors such as industrial engineering, safety, graphics and electronics and has supply chain operations distributed across 81 countries. Verdantix research reveals that 3M’s supply chain stewardship prioritizes values alignment and the use of due diligence management systems to raise the level of EH&S performance across local supplier marketplaces.

TABLE OF CONTENTS

3M Takes A Smart Approach To Enhance Supply Chain Stewardship
3M’s Supply Chain Stewardship Strategy Prioritizes Values Alignment And Traceability
3M Intelligently Leverages Public Frameworks And Guidelines For Supply Chain Stewardship
Supplier Capacity Building And Education Are The Key Ingredients Of Stewardship Success

ORGANISATIONS MENTIONED

3M, Brazilian Business Council on Sustainable Development (CEBDS), Climate Earth, Conflict-Free Sourcing Initiative (CFSI), Electronic Industry Citizenship Coalition (EICC), European Union (EU), EY, Four Twenty Seven, Global Reporting Initiative (GRI), Intelex, ISOS Group, Macy’s, Organisation for Economic Co-operation and Development (OECD), Rio 2016 Olympic Games Organising Committee, Sustainable Apparel Coalition, The Coca-Cola Company, The Forest Trust, The Global e-Sustainability Initiative (GeSI), Travis Perkins, United Nations Environment Programme (UNEP), US General Services Administration, US Securities and Exchange Commission (SEC), VitalMetrics