NEW BRITAIN, Conn.,
Jan. 22, 2019 /PRNewswire/ --
Stanley Black & Decker (NYSE:
SWK) has been highlighted as a global leader in corporate
sustainability by environmental impact non-profit CDP, achieving a
place on the CDP A List for both climate change and water
security.
"This is a tremendous recognition of everything we've committed
to doing to create a more sustainable world, a key pillar of our
2030 corporate social responsibility strategy and core to our
company's purpose," said Stanley
Black & Decker CEO and President Jim Loree. "We see the potential for businesses
to be a force for good and have a positive impact on our customers,
communities and employees while we also innovate and grow our
business."
Every year thousands of companies disclose data about their
environmental impacts, risks and opportunities to CDP for
independent assessment against its scoring methodology. In 2018,
companies were requested to do so by over 650 investors with over
US$87 trillion in assets and/or 115
major purchasing organizations with US$3.3
trillion in purchasing power. Companies receive scores of A
to D- for how effectively they are tackling climate change,
deforestation and water security, while those that don't disclose
or provide insufficient information are marked with an F.
Stanley Black & Decker has
been recognized for its actions in the last reporting year to
respond to climate change and manage water resources more
sustainably, based on its 2018 disclosure to CDP. CDP assesses
companies on the comprehensiveness of their disclosure, their
awareness and management of environmental risks and their
demonstration of best practices associated with environmental
leadership, such as setting ambitious and meaningful targets.
To learn more about the company's social responsibility
efforts, visit
https://www.stanleyblackanddecker.com/social-responsibility/our-mission
Paul Simpson, CEO of CDP, said,
"Congratulations to all companies that made it onto CDP's A List
this year. As the severity of environmental risks to business
becomes ever more apparent, these are the companies that are
positioning themselves to provide solutions, seize new market
opportunities and thrive in the transition to a sustainable
economy. We need to urgently scale up environmental action at all
levels in order to meet the goals of the Paris Agreement and the
Sustainable Development Goals. It's clear that the business world
is an essential player in this transition and the A List companies
are set to make a substantial contribution to those goals."
The Climate Change and Water Security A Lists are published by
CDP each year alongside a similar list for leadership on tackling
deforestation.
The full list of companies that made this year's CDP Climate
Change and Water Security A Lists are available here, along with
all other public company scores:
https://www.cdp.net/en/scores
Note to editors:
The full methodology and criteria for the Climate Change
and Water Security A Lists are available on CDP's website at:
https://www.cdp.net/en/guidance/guidance-for-companies under
'CDP scoring methodologies 2018.'
The 2018 CDP A List includes the CDP Supplier A List, which in
previous years was released separately.
About Stanley Black &
Decker:
Stanley Black & Decker is a
$13 billion revenue, purpose-driven
industrial organization. Stanley
Black & Decker has 58,000 employees in more than 60
countries and operates the world's largest tools and storage
business, the world's second largest commercial electronic security
company, a leading engineered fastening business as well as Oil
& Gas and Infrastructure businesses. The company's iconic
brands include Black & Decker, Bostitch, CRAFTSMAN, DEWALT,
FACOM, Irwin, Lenox, Porter Cable
and Stanley. Stanley Black &
Decker is a company for the makers and innovators, the craftsmen
and the caregivers, and those doing the hard work to make the world
a better place. Learn more at www.stanleyblackanddecker.com.
About CDP:
CDP is an international non-profit that drives companies and
governments to reduce their greenhouse gas emissions, safeguard
water resources and protect forests. Voted number one climate
research provider by investors and working with institutional
investors with assets of US$87
trillion, we leverage investor and buyer power to motivate
companies to disclose and manage their environmental impacts. Over
7,000 companies with over 50% of global market capitalization
disclosed environmental data through CDP in 2018. This is in
addition to the over 750 cities, states and regions who disclosed,
making CDP's platform one of the richest sources of information
globally on how companies and governments are driving environmental
change. CDP, formerly Carbon Disclosure Project, is a founding
member of the We Mean Business Coalition. Visit www.CDP.net or
follow us @CDP to find out more.
Media Contact:
Abigail
Dreher
Director, Public Affairs
Abigail.Dreher@sbdinc.com
860-515-2759
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