The 2021 report highlights company's progress
combating climate change, driving product responsibility,
empowering people and ensuring governance
NEW
BRITAIN, Conn., May 2, 2022
/PRNewswire/ -- Stanley Black & Decker (NYSE: SWK)
recently released its 2021 Environmental, Social & Governance
(ESG) report, "Growth With Purpose," highlighting the company's
sustainability, social impact and governance commitments, with an
emphasis on addressing climate impacts and elevating diversity,
equity & inclusion (DE&I).
"This year's report, 'Growth With Purpose,' reflects our
comprehensive approach to ESG, which is rooted in our purpose – For
Those Who Make the World – and grounded in stakeholder capitalism,"
said Stanley Black & Decker CEO
Jim Loree. "We have ushered in a new
age of ESG for corporate America where more and more companies are
focused on how they can be a force for good and make a positive
impact. As the world's largest tool company, Stanley Black & Decker has been built to
serve the makers and creators, those doing the hard work, day in
and day out, to create a better world around us and we strive every
day to fulfill this purpose. Our 2021 report highlights our
progress in combating climate change, driving product
responsibility and empowering people."
Stanley Black & Decker's
annual ESG Report, includes a comprehensive review of the company's
ESG programs and builds on its long history of annually reporting
its sustainability metrics and public goals. The report serves as a
resource to the company's various stakeholders and provides further
transparency and year-over-year performance tracking to its
long-term commitments.
Highlights from the company's "Growth With Purpose" report
include:
- Progress toward the company's 2030 goals:
-
- Create a More Sustainable World: Positively impact
the environment through operations, with featured actions to reduce
carbon, water and waste
- Innovate with Purpose: Enhance the lives of 500
million people and improve environmental impacts through
purpose-driven innovation, featuring industry leadership of
electrification across outdoor, tools and industrial
- Empower Makers: Enable 10 million makers and
creators to thrive in a changing world, with investments to enhance
the company's talent pipeline including upskilling and reskilling
for employees
- DE&I strategies and investments to cultivate a diverse,
equitable and inclusive workplace
-
- An update on the company's 10-point plan for racial equity
broken down by culture, career and community
- An overview of governance policies and disclosures
-
- Disclosures of how governance and compensation practices are
linked to the company's overall corporate vision, strategy and
long-term financial objectives
- Reporting aligned with the Sustainability Accounting Standards
Board (SASB), Global Reporting Initiative (GRI) and United Nations
Global Compact Index frameworks
View the company's full "Growth With Purpose" report here.
About Stanley Black &
Decker
Headquartered in the USA, Stanley
Black & Decker (NYSE: SWK) is the world's largest tool
company operating nearly 50 manufacturing facilities across America
and more than 100 worldwide. Guided by its purpose – for those who
make the world – the company's more than 60,000 diverse and
high-performing employees produce innovative, award-winning power
tools, hand tools, storage, digital tool solutions, lifestyle
products, outdoor products, engineered fasteners and other
industrial equipment to support the world's makers, creators,
tradespeople and builders. The company's iconic brands include
DEWALT®, BLACK+DECKER®, CRAFTSMAN®, STANLEY®, CUB CADET®,
HUSTLER® and TROY-BILT®. Recognized for its leadership in
environmental, social and governance (ESG), Stanley Black & Decker strives to be a force
for good in support of its communities, employees, customers and
other stakeholders. To learn more visit:
www.stanleyblackanddecker.com.
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SOURCE Stanley Black &
Decker