NEW BRITAIN, Conn.,
Sept. 14, 2018 /PRNewswire/
-- Stanley Black & Decker (NYSE: SWK) today announced that
it has earned the distinction of being a component of the Dow Jones
Sustainability World Index (DJSI) by S&P Dow Jones Indices and
RobecoSAM. Additionally, the world's largest tools and storage
company and leader in engineered fastening and security maintained
its inclusion on the DJSI North America Index for the eighth
consecutive year.
The DJSI series is considered a gold standard for corporate
sustainability and is the first global index to track the leading
sustainability-driven companies based on financially material
Environmental, Social, and Governance (ESG) factors.
"We are incredibly honored to receive this prestigious
recognition for our sustainability efforts across the globe," said
Stanley Black & Decker President
and Chief Executive Officer Jim
Loree. "With the rapid pace of technological change and the
challenges facing society, governments and individuals today, we
clearly recognize that we have a broader responsibility to
society. Collectively, our 58,000 worldwide employees are
working expeditiously to be a force for good – aligning our
strategy, culture and day-to-day operations with our purpose – to
truly be for those who make the world. We know we are on a journey
and milestones such as this reinforce that we are heading in the
right direction."
To form the index, RobecoSAM, an investment specialist focused
on sustainability investing, assesses more than 3,400 of the
world's largest companies in 60 industries through its annual
Corporate Sustainability Assessment (CSA). The CSA is comprised of
more than 600 data points across a variety of criteria including
corporate governance, supply chain management, climate strategies,
operational eco-efficiency, human capital development and labor
practices, among others. The DJSI World Index recognizes the top 10
percent of companies within each industry globally, while the top
20 percent of companies in the United
States and Canada are
included on the North America Index.
"I congratulate Stanley Black
& Decker for being included in the Dow Jones Sustainability
World and North America Indices," said RobecoSAM Head of ESG
Ratings Manjit Jus. "Companies that compete for a coveted place in
the DJSI challenge themselves to continuously improve their
sustainability practices and we are pleased to see that the number
of companies that commit to achieving measurable positive impacts
continues to rise."
Earlier this year, Stanley Black
& Decker announced a refreshed Corporate Social Responsibility
(CSR) Strategy aligned 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 be carbon
positive in its global operations, meaning its carbon capture is
greater than its carbon emissions. In February 2018, Stanley
Black & Decker's environmental targets were approved by
the Science-based Targets Initiative. The company commits to reduce
Absolute Scope 1 and 2 Greenhouse Gas (GHG) emissions 100 percent
by 2030, using a 2015 base year, and reduce Scope 3 GHG emissions
35 percent by 2030, using a 2017 base year. To learn more about the
company's CSR strategy, visit
www.stanleyblackanddecker.com/social-responsibility.
About Dow Jones Sustainability Indices:
The Dow Jones Sustainability family is offered cooperatively by
RobecoSAM Indices and S&P Dow Jones Indices. The family tracks
the stock performance of the world's leading companies in terms of
economic, environmental and social criteria. The indices serve as
benchmarks for investors who integrate sustainability
considerations into their portfolios, and provide an effective
engagement platform for companies who want to adopt sustainable
best practices.
About Stanley Black &
Decker:
Stanley Black & Decker, an
S&P 500 and FORTUNE 500 company, is the world's leading
provider of tools and storage, the world's second-largest
commercial electronic security company, and a leading engineered
fastening systems provider, with unique growth platforms in the Oil
& Gas and Infrastructure industries. Well-known brands include:
STANLEY, CRAFTSMAN, BLACK+DECKER, DEWALT, IRWIN, Lenox,
Porter-Cable, Bostitch, Facom, Mac
Tools, Proto, Vidmar, Lista, POP, Avdel, Tucker, and more.
Learn more at www.stanleyblackanddecker.com.
CONTACT:
Tim Perra
Stanley Black & Decker
Vice President, Public Affairs
(860) 826-3260
tim.perra@sbdinc.com
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SOURCE Stanley Black &
Decker