Newly released report highlights the company's focus on advancing DE&I, growing the skilled trades, investing in sustainable products, and reducing its environmental footprint
NEW BRITAIN, Conn., August 7, 2023 — Stanley Black & Decker (NYSE: SWK) has released its 2022 Environmental, Social & Governance (ESG) report, "Focused on Impact” highlighting the Company's focus on advancing diversity, equity & inclusion, growing the skilled trades, investing in sustainable products and reducing its environmental footprint. The report incorporates updates to Stanley Black & Decker’s ESG commitments to more closely align with the Company’s portfolio transformation while reinforcing its three ESG pillars – People, Products and Planet.
“This past year has been transformative for Stanley Black & Decker as we focused on our core strengths, our commitment to customers and the industry, and the unique contributions we can make to improve our world,” said Donald Allan Jr., President & Chief Executive Officer. “Our longstanding commitment to ESG, including health and safety, integrity, sustainability and diversity, equity and inclusion, remains central to our success and is firmly rooted in Stanley Black & Decker’s purpose: For Those Who Make The World.”
Stanley Black & Decker’s “Focused on Impact” report highlights areas of focus aligned to both the company’s business strategy and the UN Sustainable Development Goals (SDGs). These focus areas include:
- PEOPLE: Advancing DE&I and Growing the Trades
- Continued investment in the Company’s future talent and the diversity of its leaders with a commitment to improve gender representation and achieve its racial equity roadmap by 2027
- Committing $30 million by 2027 to fund initiatives that help grow skills for tradespeople and generate brand ambassadorship
- PRODUCT: Sustainable Innovation
- Pushing the boundaries of circular design and electrification to deliver products and services that benefit society and the environment without compromising performance
- Partnering across the Company’s supply chain to improve sustainability practices and reduce its carbon footprint
- PLANET: Sustainable Operations
- Responsible stewardship of the Company’s operational environmental impacts
- Reducing emissions in internal operations and engaging with suppliers to reduce their emissions
Stanley Black & Decker’s annual ESG Report includes a comprehensive review of the company’s ESG program, which builds on its long history of annually reporting its sustainability metrics and public goals. The report serves as a resource to the Company’s stakeholders and provides transparency and year-over-year performance tracking of its long-term ESG commitments.
To learn more and view the company’s full “Focused on Impact” report you can visit: https://stanleyblackanddecker.com/2022esgreport
About Stanley Black & Decker
Headquartered in the USA, Stanley Black & Decker (NYSE: SWK) is the world’s largest tool company operating manufacturing facilities worldwide. Guided by its purpose – for those who make the world – the company’s more than 50,000 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
Media Contact:
Debora Raymond
Vice President, Public Relations
debora.raymond@sbdinc.com
Laura Prugh
Sr. PR Manager
laura.prugh@sbdinc.com