Signs the New Plastics Economy Global Commitment at the Our Ocean Conference.
NEW BRITAIN, Conn., Nov. 27, 2018 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) has joined with leading businesses and governments to sign The New Plastics Economy Global Commitment, an initiative of The Ellen MacArthur Foundation and United Nations Environment Programme. The Global Commitment represents a plan to eradicate waste and pollution driven by plastic packaging, and includes 250 signatories that represent approximately 20% of all plastic packaging produced globally.
As part of its efforts, Stanley Black & Decker intends to make all of its plastic packaging reusable, recyclable or compostable by 2025. In addition, the company will aim to make all of its non-plastic packaging and packaging components reusable, recyclable or compostable by 2025.
"We believe it is our responsibility as a company to help build a more sustainable world," said Stanley Black & Decker's Vice President of Environment, Health & Safety and Corporate Social Responsibility Deb Geyer. "We believe that a world without plastic pollution is possible, and we are committing to taking action to ensure we are part of that solution. This is one clear way that we're bringing our 2030 Corporate Social Responsibility strategy to life and driving our goal of innovating with purpose."
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The goal of the Global Commitment is to eliminate unnecessary and problematic plastics through a circular economy for plastic. The Global Commitment aims to create 'a new normal' for plastic packaging where targets are reviewed every 18 months and become increasingly ambitious over the coming years. Businesses that sign the commitment will publish annual data on their progress to help drive momentum and ensure transparency.
About Stanley Black & Decker
Stanley Black & Decker is a $13 billion revenue, $20+ billion market capitalization, 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.