Stanley Black & Decker awarded CDP double “A” for global climate and water management

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Proposed by Stanley Black & Decker

NEW BRITAIN, Connecticut, Dec. 14, 2021 / CSRwire / – Stanley Black & Decker (NYSE: SWK) today announced that for the fourth year in a row, he has been recognized for his leadership in climate action and security of water for CDP benefit. For the eighth year, the company also achieved CDP leadership status.

CDP recognized Stanley Black & Decker for being a leader in corporate environmental ambition, action and transparency worldwide and for demonstrating meaningful action on climate change and security risks. some water.

Stanley Black & Decker is one of 40 companies that scored a double ‘A’ out of nearly 12,000 companies that were rated based on data submitted via CDP questionnaires in 2021. The company was one of the 200 companies that made the 2021 A List on climate change. ‘and one of 118 companies named on the’ A List ‘on water security.

“Environmental, social and governance (ESG) aspects are at the heart 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 the head of Stanley Black & Decker Corporate Responsibility, Deb Geyer. “We are honored to see our efforts recognized with this achievement. From large-scale solar projects to boiler and chiller upgrades, LED lighting retrofits and waste heat recovery initiatives, we are committed to working to achieve cleaner water, minimizing waste generation and landfill, and reduce our greenhouse gas emissions. “

CDP’s annual environmental disclosure and rating process is widely recognized as the gold standard for corporate environmental transparency. In 2021, more than 590 investors with more than $ 110 trillion in assets and 200 major buyers with $ 5.5 trillion in purchases asked companies to disclose data on environmental impacts, risks and opportunities via the CDP platform. A record 13,000 companies responded.

“Kudos to all of the companies on this year’s A list,” said Paul Simpson, CEO of CDP. “Taking the lead on transparency and environmental action is one of the most important steps businesses can take, even more so in this year of COP26 and the IPCC’s Sixth Assessment Report. The scale of risk to businesses from climate change, water insecurity and deforestation can no longer be ignored, and we know that the opportunities for action far outweigh the risks of inaction. Private sector leadership is essential to secure global ambitions for a net zero, positive and equitable nature. Our A List celebrates companies preparing to excel in tomorrow’s economy by taking action today. “

A detailed and independent methodology is used by the CDP to assess these companies, assigning a score from A to D based on the completeness of the disclosure, awareness and management of environmental risks and the demonstration of best practices associated with environmental leadership, such as setting ambitious goals and meaningful targets.

The full list of companies that made this year’s CDP Climate Change and Water Security A-Lists can be found here: https://www.cdp.net/en/companies/companies-scores

Stanley Black & Decker’s corporate social responsibility strategy links the company’s goal – 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 decision-makers, innovating with purpose and creating a more sustainable world. By 2030, Stanley Black & Decker plans to empower 10 million designers and manufacturers to thrive in a changing world, innovate our products to improve the lives of 500 million people, and go beyond carbon neutrality in its global operations, which means that its carbon capture is greater than its carbon emissions. To move beyond carbon neutrality, Stanley Black & Decker is investing in carbon capture technology, has set targets to reduce its supply chain emissions by 35% by 2030, and is striving to map its water-related risks and to define contextual objectives to reduce water insecurity. throughout its operations.

In 2021, Stanley Black & Decker published its first consolidated report on the environment, social and governance, “A Force for Good”, which highlights all aspects of the company’s sustainability and societal development efforts and clear governance practices. The full report is available here.

In addition to CDP’s “A List” for water and climate, Stanley Black & Decker was named to the Dow Jones Sustainability World Index (DJSI) and received the Environment + Energy Leader Award.

About Stanley Black & Decker:
Based in New Britain, Connecticut, Stanley Black & Decker, an S&P 500 company, is a global, diversified, $ 14.5 billion industry leader with 56,000 employees in more than 60 countries that make the tools. , products and solutions to achieve its goal, for those who Make the world. The Company operates the world’s largest tools business with iconic brands such as DEWALT, STANLEY, BLACK + DECKER and CRAFTSMAN; the second largest commercial electronic security company in the world; and is a global industry leader in advanced solutions within its technical fastening and infrastructure businesses. Learn more at www.stanleyblackanddecker.com.

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Stanley Black & Decker

Stanley Black & Decker

Stanley Black & Decker is a $ 14 billion, for-profit industrial organization. Stanley Black & Decker has 61,000 employees in more than 60 countries and operates the world’s largest tools and storage company, the world’s second-largest commercial electronic security company, a leading technical fastening company and businesses. oil and gas and infrastructure. 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 manufacturers and innovators, artisans and caregivers, and those who work hard to make the world a better place.

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