Stanley Black & Decker Among Elite Group Of Companies To Be Scored 'A' For Both Climate Change And Water Security

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Jan 22, 2019, 13:01 ET

NEW BRITAIN, Conn., Jan. 22, 2019 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) has been highlighted as a global leader in corporate sustainability by environmental impact non-profit CDP, achieving a place on the CDP A List for both climate change and water security.

"This is a tremendous recognition of everything we've committed to doing to create a more sustainable world, a key pillar of our 2030 corporate social responsibility strategy and core to our company's purpose," said Stanley Black & Decker CEO and President Jim Loree. "We see the potential for businesses to be a force for good and have a positive impact on our customers, communities and employees while we also innovate and grow our business."

Every year thousands of companies disclose data about their environmental impacts, risks and opportunities to CDP for independent assessment against its scoring methodology. In 2018, companies were requested to do so by over 650 investors with over US$87 trillion in assets and/or 115 major purchasing organizations with US$3.3 trillion in purchasing power. Companies receive scores of A to D- for how effectively they are tackling climate change, deforestation and water security, while those that don't disclose or provide insufficient information are marked with an F.

Stanley Black & Decker has been recognized for its actions in the last reporting year to respond to climate change and manage water resources more sustainably, based on its 2018 disclosure to CDP. CDP assesses companies on the comprehensiveness of their disclosure, their awareness and management of environmental risks and their demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets. To learn more about the company's social responsibility efforts, visit https://www.stanleyblackanddecker.com/social-responsibility/our-mission

Paul Simpson, CEO of CDP, said, "Congratulations to all companies that made it onto CDP's A List this year. As the severity of environmental risks to business becomes ever more apparent, these are the companies that are positioning themselves to provide solutions, seize new market opportunities and thrive in the transition to a sustainable economy. We need to urgently scale up environmental action at all levels in order to meet the goals of the Paris Agreement and the Sustainable Development Goals. It's clear that the business world is an essential player in this transition and the A List companies are set to make a substantial contribution to those goals."

The Climate Change and Water Security A Lists are published by CDP each year alongside a similar list for leadership on tackling deforestation.

The full list of companies that made this year's CDP Climate Change and Water Security A Lists are available here, along with all other public company scores: https://www.cdp.net/en/scores

Note to editors:

The full methodology and criteria for the Climate Change and Water Security A Lists are available on CDP's website at: https://www.cdp.net/en/guidance/guidance-for-companies under 'CDP scoring methodologies 2018.'

The 2018 CDP A List includes the CDP Supplier A List, which in previous years was released separately.

About Stanley Black & Decker:

Stanley Black & Decker is a $13 billion revenue, purpose-driven industrial organization. Stanley Black & Decker has 58,000 employees in more than 60 countries and operates the world's largest tools and storage business, the world's second largest commercial electronic security company, a leading engineered fastening business as well as Oil & Gas and Infrastructure businesses. 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 the makers and innovators, the craftsmen and the caregivers, and those doing the hard work to make the world a better place. Learn more at www.stanleyblackanddecker.com.

About CDP:

CDP is an international non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Voted number one climate research provider by investors and working with institutional investors with assets of US$87 trillion, we leverage investor and buyer power to motivate companies to disclose and manage their environmental impacts. Over 7,000 companies with over 50% of global market capitalization disclosed environmental data through CDP in 2018. This is in addition to the over 750 cities, states and regions who disclosed, making CDP's platform one of the richest sources of information globally on how companies and governments are driving environmental change. CDP, formerly Carbon Disclosure Project, is a founding member of the We Mean Business Coalition. Visit www.CDP.net or follow us @CDP to find out more.

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SOURCE Stanley Black & Decker