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Stanley Black & Decker Scores 'A' For Both Climate Change And Water Security

Stanley Black & Decker

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 

Source : Stanley Black & Decker

Image : PRNewsfoto/Stanley Black & Decker

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23 January 2019

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