3M ranks among world`s 10 most-respected companies

Issued by 3M

Johannesburg, 26 Nov 2003

3M advanced to 9th place on the list of the world`s most-respected companies in 2002, according to a global survey conducted by the Financial Times Group and PricewaterhouseCoopers. The research reflected the views of more than 1,000 chief executive officers in more than 20 countries. A rigorous methodology was used to provide a credible picture of those businesses that are truly setting the pace in building positive reputations.

The survey concluded that the world`s leading companies have a lot in common. They are global players with distinctive brands. They exhibit strong leadership both internally and in the marketplace. They have a long-term track record of growth, financial performance and delivering shareholder value, and they have a reputation for strong governance and high integrity.

To compile the rankings, researchers asked business leaders to identify the companies and business leaders they respect most in the world. Then, they were asked to select the best companies in their industry sector and in their country or region.

Next, the CEOs identified companies that created the most value for their shareholders and did the best job of managing environmental resources. They were further asked to nominate the companies they expect will have the greatest impact on economic and social issues in the world`s emerging economies.

This in-depth perspective was matched with the opinions of selected fund managers, nongovernment leaders and media commentators. Besides showing company rankings, the results provided valuable insight into the factors that drive respect for companies and business leaders.

Most-respected companies

1. General Electric

2. Microsoft

3. IBM

4. Coca-Cola

5. Toyota

6. Sony

7. General Motors

8. Wal-Mart

9. 3M

10. Dell