NEW BRITAIN, Conn.,
Dec. 14, 2021 /PRNewswire/
-- Stanley Black & Decker (NYSE: SWK) today announced that
for the fourth consecutive year, it has been recognized for its
leadership in climate action and water security by global
environmental non-profit CDP. For the eighth year, the company also
achieved CDP Leadership Status.
CDP recognized Stanley Black
& Decker for being a leader on corporate environmental
ambition, action and transparency worldwide and demonstrating
significant action on climate change and water security risks.
Stanley Black & Decker is one
of 40 companies that achieved a double 'A' out of nearly 12,000
businesses that were scored based on data submitted through CDP's
questionnaires in 2021. The company was one of 200 companies that
made the 2021 climate change 'A List' and one of 118 companies
named to the water security 'A List'.
"Environmental, Social & Governance (ESG) is at the core of
how we operate as a global corporate citizen and we are committed
to being a force for good to help create a more sustainable world,"
said Stanley Black & Decker's
Corporate Responsibility Officer, Deb
Geyer. "We are honored to have our efforts recognized with
this achievement. From large-scale solar projects, to boiler and
chiller upgrades, LED light retrofits and waste heat recovery
initiatives, we are dedicated to working towards achieving cleaner
water, minimizing waste generation and landfilling, and reducing
our greenhouse gas emissions."
CDP's annual environmental disclosure and scoring process is
widely recognized as the gold standard of corporate environmental
transparency. In 2021, over 590 investors with over $110 trillion in assets and 200 major purchasers
with $5.5 trillion in procurement
requested that companies disclose data on environmental impacts,
risks and opportunities through CDP's platform. A record-breaking
13,000 companies responded.
"Many congratulations to all the companies on this year's A
List," said Paul Simpson, CEO of
CDP. "Taking the lead on environmental transparency and action is
one of the most important steps businesses can make, even more so
in the year of COP26 and the IPCC's
Sixth Assessment Report. The scale of the risk to businesses from
climate change, water insecurity and deforestation can no longer be
ignored, and we know the opportunities of action far outweigh the
risks of inaction. Leadership from the private sector is essential
for securing global ambitions for a net-zero, nature positive and
equitable world. Our A List celebrates those companies who are
preparing themselves to excel in the economy of the future by
taking action today."
A detailed and independent methodology is used by CDP to assess
these companies, allocating a score of A to D- based on the
comprehensiveness of disclosure, awareness and management of
environmental risks and demonstration of best practices associated
with environmental leadership, such as setting ambitious and
meaningful targets.
The full list of companies that made this year's CDP Climate
Change and Water Security A Lists are available here:
https://www.cdp.net/en/companies/companies-scores
Stanley Black & Decker's
Corporate Social Responsibility strategy ties the company's purpose
– For Those Who Make the World – with the United Nations' 2030
Sustainable Development Goals. The strategy focuses the company's
efforts on three key pillars: empowering makers, innovating with
purpose and creating a more sustainable world. By 2030,
Stanley Black & Decker plans to
enable 10 million creators and makers to thrive in a changing
world, innovate our products to enhance the lives of 500 million
people, and go beyond carbon neutral in its global operations,
meaning its carbon capture is greater than its carbon emissions. To
achieve going beyond carbon neutral, Stanley Black & Decker is investing in
carbon capture technology, has set targets to reduce its supply
chain emissions by 35% by 2030 and is working towards mapping its
water risks and setting context-based targets to reduce water
insecurity throughout its operations.
In 2021, Stanley Black &
Decker released its first consolidated Environmental, Social
& Governance report, "A Force for Good," which highlights all
aspects of the company's sustainability and societal efforts and
clear governance practices. The full report is available here.
In addition to the CDP's Water and Climate 'A List',
Stanley Black & Decker has been
named to the Dow Jones Sustainability World Index (DJSI) and
recognized with the Environment+Energy Leader Award.
About Stanley Black &
Decker:
Headquartered in New Britain,
Connecticut, Stanley Black
& Decker, an S&P 500 company, is a leading $14.5 billion global diversified industrial with
56,000 employees in more than 60 countries who make the tools,
products and solutions to deliver on its Purpose, For Those Who
Make The World. The Company operates the world's largest tools
business featuring iconic brands such as DEWALT, STANLEY,
BLACK+DECKER and CRAFTSMAN; the world's second largest commercial
electronic security company; and is a global industrial leader of
highly engineered solutions within its engineered fastening and
infrastructure businesses. Learn more at
www.stanleyblackanddecker.com.
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SOURCE Stanley Black &
Decker