Stanley Black & Decker Named To 100 Best Corporate Citizens Ranking

Rhea-AI Summary

Stanley Black & Decker (NYSE:SWK) has been recognized in the 2020 100 Best Corporate Citizens ranking, achieving an overall rank of #45 and #6 in the Capital Goods Industry. This marks the company's first appearance on the list, which evaluates the ESG transparency and performance of the 1,000 largest public companies in the U.S. The ranking is based on 141 factors across eight pillars, including climate change and human rights. The company's CSR strategy aims to empower 10 million makers by 2030 and achieve carbon positivity in its operations.

Positive

• First appearance on the 100 Best Corporate Citizens list at #45 overall and #6 in the Capital Goods Industry.
• Recognition highlights strong commitment to ESG transparency and performance.
• CSR strategy aims to empower 10 million makers and be carbon positive by 2030.

Negative

• None.

NEW BRITAIN, Conn., June 16, 2020 /PRNewswire/ -- 3BL Media has named Stanley Black & Decker (NYSE:SWK) to its annual 100 Best Corporate Citizens ranking, recognizing outstanding environmental, social and governance (ESG) transparency and performance among the 1,000 largest, U.S. public companies. This is Stanley Black & Decker's first appearance on the list, with the company ranking #45 overall and #6 in the Capital Goods Industry.

"Now more than ever, the business community must take action and come together and focus on creating a better world for all stakeholders," said Stanley Black & Decker's President and CEO Jim Loree. "We stand 'For Those Who Make The World,' our Purpose statement adopted just over three years ago. The 'Those' is intended to reinforce our commitment to inclusivity for all people and we stand in solidarity for justice, inclusion and equality. We know that our team and each and every one of us can contribute and be a force for good. This recognition acknowledges the wonderful progress our teams have made in this regard, but we know there is more to do to understand, acknowledge and take action for the African American community and other marginalized groups."

The 100 Best Corporate Citizens ranking is based on 141 ESG transparency and performance factors in eight pillars: climate change, employee relations, environment, finance, governance, human rights, stakeholders and society, and ESG performance. Using a methodology developed by 3BL Media, all Russell 1000 Index companies are researched by ISS ESG, the responsible investment research arm of Institutional Shareholder Services.

"Achieving the transformational targets in the Paris Agreement and UN Sustainable Development Goals in this decade means we need all companies to embed ESG issues into their business," said Dave Armon, CEO of 3BL Media. "The best corporate citizens of 2020 are leaders, demonstrating how transparency, ambitious goals, robust strategies and accounting for all stakeholders builds business and social value." 

Stanley Black & Decker's purpose – For Those Who Make the World – helped launch a Corporate Social Responsibility (CSR) strategy that tied the company's purpose with the United Nations' 2030 Sustainable Development Goals. While the company always had a deep commitment to CSR, the strategy, born in 2017, was reflective of the company's broader ambition to help create a more sustainable world. 

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 enable 10 million creators and makers to thrive in a changing world, innovate our products to enhance the lives of 500 million people, and, be carbon positive in its global operations, meaning its carbon capture is greater than its carbon emissions. Stanley Black & Decker also aims to build a culture where inclusiveness is a reflex, not an initiative and all employees feel valued, heard and positioned to succeed.

To learn more about the company's CSR strategy, visit www.stanleyblackanddecker.com/social-responsibility.

For access to the complete 100 Best Corporate Citizens of 2020 ranking and methodology visit: https://100best.3blmedia.com/

About Stanley Black & Decker:

Stanley Black & Decker is a purpose-driven, $14 billion revenue industrial company. Stanley Black & Decker has 60,000 employees in more than 60 countries and operates the world's largest tools and storage business, the world's second-largest commercial electronic security services 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 -1%26h%3D2455115917%26u%3Dhttp%253A%252F%252Fwww.stanleyblackanddecker.com%252F%26a%3Dwww.stanleyblackanddecker.com&a=www.stanleyblackanddecker.com" rel="nofollow">www.stanleyblackanddecker.com.

About the 100 Best Corporate Citizens Ranking:

The 100 Best Corporate Citizens debuted in 1999 in Business Ethics Magazine and appeared annually in Corporate Responsibility Magazine for many years. 3BL Media has managed the ranking since 2018. To compile the ranking, each company in the Russell 1000 Index is ranked according to its transparency and performance on 141 environmental, social and governance factors.

About 3BL Media:

3BL Media delivers purpose-driven communications for the world's leading companies. Our unrivaled distribution, leadership and editorial platforms inspire and support global sustainable business. Learn more here.

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SOURCE Stanley Black & Decker

FAQ

What does Stanley Black & Decker's ranking in the 100 Best Corporate Citizens mean?

It signifies the company's commitment to environmental, social, and governance (ESG) performance, ranking #45 overall and #6 in its industry.

What factors contributed to Stanley Black & Decker's ESG ranking?

The ranking is based on 141 transparency and performance factors across eight pillars, including climate change and employee relations.

What are Stanley Black & Decker's goals related to corporate social responsibility?

The company aims to empower 10 million makers by 2030 and achieve carbon positivity in its operations.

When was Stanley Black & Decker recognized as a top corporate citizen?

The recognition was announced on June 16, 2020, by 3BL Media.

Which company ranked #1 in the 2020 100 Best Corporate Citizens list?

The PR does not specify which company ranked #1 in the list.