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3M is expanding its ongoing commitment to environmental stewardship by investing in TPG Rise Climate, a multi-billion dollar climate impact investing fund that deploys mission-driven capital at scale.
TPG Rise Climate is focussing investments on clean energy, enabling solutions, decarbonised transport, greening industrials, and agricultural and natural solutions. The first-close fund participation of more than 20 global companies, including 3M, was announced.
“From environmental goals to reduce water use, improve water quality, and achieve carbon neutrality, to our ongoing investments in emerging technologies that advance sustainability, 3M is committed to making a difference in the trajectory of climate change,” said Gayle Schueller, Senior Vice President and Chief Sustainability Officer, 3M. “We continually build and add to our external partnerships to bring together people, ideas, and science, reimagine what’s possible and help solve the world’s greatest challenges.”
TPG Rise Climate includes a unique group of global institutional and corporate investors that are united by capital, innovation, and accountability. The TPG Rise Climate Coalition has a shared commitment to harness the rigor of TPG’s investment process to unlock technologies, scale solutions, and deliver broad impact.