Stanley Black & Decker Recognized With CDP's Double 'A' Score For Global Climate and Water Stewardship
Stanley Black & Decker (NYSE: SWK) has been recognized for the fourth consecutive year by the environmental non-profit CDP for its leadership in climate action and water security, achieving CDP Leadership Status for the eighth year. The company secured a double 'A' score, placing it among 40 firms out of nearly 12,000 evaluated. This recognition underscores the company's commitment to environmental, social, and governance (ESG) goals, including significant actions on climate risks. The full list of recognized companies is available on the CDP website.
- Achieved double 'A' score from CDP for climate action and water security.
- Recognized as a leader among 40 companies from nearly 12,000 evaluated.
- Demonstrated commitment to ESG principles, enhancing corporate reputation.
- None.
NEW BRITAIN, Conn., Dec. 14, 2021 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) today announced that for the fourth consecutive year, it has been recognized for its leadership in climate action and water security by global environmental non-profit CDP. For the eighth year, the company also achieved CDP Leadership Status.
CDP recognized Stanley Black & Decker for being a leader on corporate environmental ambition, action and transparency worldwide and demonstrating significant action on climate change and water security risks.
Stanley Black & Decker is one of 40 companies that achieved a double 'A' out of nearly 12,000 businesses that were scored based on data submitted through CDP's questionnaires in 2021. The company was one of 200 companies that made the 2021 climate change 'A List' and one of 118 companies named to the water security 'A List'.
"Environmental, Social & Governance (ESG) is at the core 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 Stanley Black & Decker's Corporate Responsibility Officer, Deb Geyer. "We are honored to have our efforts recognized with this achievement. From large-scale solar projects, to boiler and chiller upgrades, LED light retrofits and waste heat recovery initiatives, we are dedicated to working towards achieving cleaner water, minimizing waste generation and landfilling, and reducing our greenhouse gas emissions."
CDP's annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. In 2021, over 590 investors with over
"Many congratulations to all the companies on this year's A List," said Paul Simpson, CEO of CDP. "Taking the lead on environmental transparency and action is one of the most important steps businesses can make, even more so in the year of COP26 and the IPCC's Sixth Assessment Report. The scale of the risk to businesses from climate change, water insecurity and deforestation can no longer be ignored, and we know the opportunities of action far outweigh the risks of inaction. Leadership from the private sector is essential for securing global ambitions for a net-zero, nature positive and equitable world. Our A List celebrates those companies who are preparing themselves to excel in the economy of the future by taking action today."
A detailed and independent methodology is used by CDP to assess these companies, allocating a score of A to D- based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets.
The full list of companies that made this year's CDP Climate Change and Water Security A Lists are available here: https://www.cdp.net/en/companies/companies-scores
Stanley Black & Decker's Corporate Social Responsibility strategy ties the company's purpose – 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 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 go beyond carbon neutral in its global operations, meaning its carbon capture is greater than its carbon emissions. To achieve going beyond carbon neutral, Stanley Black & Decker is investing in carbon capture technology, has set targets to reduce its supply chain emissions by
In 2021, Stanley Black & Decker released its first consolidated Environmental, Social & Governance report, "A Force for Good," which highlights all aspects of the company's sustainability and societal efforts and clear governance practices. The full report is available here.
In addition to the CDP's Water and Climate 'A List', Stanley Black & Decker has been named to the Dow Jones Sustainability World Index (DJSI) and recognized with the Environment+Energy Leader Award.
About Stanley Black & Decker:
Headquartered in New Britain, Connecticut, Stanley Black & Decker, an S&P 500 company, is a leading
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