Stanley Black & Decker (NYSE :SWK) today announced that it has earned the distinction of being a component of the Dow Jones Sustainability World Index (DJSI) by S&P Dow Jones Indices and RobecoSAM. Additionally, the world's largest tools and storage company and leader in engineered fastening and security maintained its inclusion on the DJSI North America Index for the eighth consecutive year.
The DJSI series is considered a gold standard for corporate sustainability and is the first global index to track the leading sustainability-driven companies based on financially material Environmental, Social, and Governance (ESG) factors.
"We are incredibly honored to receive this prestigious recognition for our sustainability efforts across the globe," said Stanley Black & Decker President and Chief Executive Officer Jim Loree. "With the rapid pace of technological change and the challenges facing society, governments and individuals today, we clearly recognize that we have a broader responsibility to society. Collectively, our 58,000 worldwide employees are working expeditiously to be a force for good – aligning our strategy, culture and day-to-day operations with our purpose – to truly be for those who make the world. We know we are on a journey and milestones such as this reinforce that we are heading in the right direction."
To form the index, RobecoSAM, an investment specialist focused on sustainability investing, assesses more than 3,400 of the world's largest companies in 60 industries through its annual Corporate Sustainability Assessment (CSA). The CSA is comprised of more than 600 data points across a variety of criteria including corporate governance, supply chain management, climate strategies, operational eco-efficiency, human capital development and labor practices, among others. The DJSI World Index recognizes the top 10 percent of companies within each industry globally, while the top 20 percent of companies in the United States and Canada are included on the North America Index.
"I congratulate Stanley Black & Decker for being included in the Dow Jones Sustainability World and North America Indices," said RobecoSAM Head of ESG Ratings Manjit Jus. "Companies that compete for a coveted place in the DJSI challenge themselves to continuously improve their sustainability practices and we are pleased to see that the number of companies that commit to achieving measurable positive impacts continues to rise."
Earlier this year, Stanley Black & Decker announced a refreshed Corporate Social Responsibility (CSR) Strategy aligned 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 be carbon positive in its global operations, meaning its carbon capture is greater than its carbon emissions. In February 2018, Stanley Black & Decker's environmental targets were approved by the Science-based Targets Initiative. The company commits to reduce Absolute Scope 1 and 2 Greenhouse Gas (GHG) emissions 100 percent by 2030, using a 2015 base year, and reduce Scope 3 GHG emissions 35 percent by 2030, using a 2017 base year. To learn more about the company's CSR strategy, visit www.stanleyblackanddecker.com/social-responsibility.
About Dow Jones Sustainability Indices:
The Dow Jones Sustainability family is offered cooperatively by RobecoSAM Indices and S&P Dow Jones Indices. The family tracks the stock performance of the world's leading companies in terms of economic, environmental and social criteria. The indices serve as benchmarks for investors who integrate sustainability considerations into their portfolios, and provide an effective engagement platform for companies who want to adopt sustainable best practices.
About Stanley Black & Decker:
Stanley Black & Decker, an S&P 500 and FORTUNE 500 company, is the world's leading provider of tools and storage, the world's second-largest commercial electronic security company, and a leading engineered fastening systems provider, with unique growth platforms in the Oil & Gas and Infrastructure industries. Well-known brands include: STANLEY, CRAFTSMAN, BLACK+DECKER, DEWALT, IRWIN, Lenox, Porter-Cable, Bostitch, Facom, Mac Tools, Proto, Vidmar, Lista, POP, Avdel, Tucker, and more. Learn more at www.stanleyblackanddecker.com.
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Sustainable Brands Staff
Published Sep 17, 2018 9am EDT / 6am PDT / 2pm BST / 3pm CEST