Taking Responsibility for a More Sustainable World
Beyond employing people. Beyond developing products and satisfying customers. Corporations play a broader role in society. From climate change to workforce development and income inequality, we’re solving some of the world’s greatest challenges through meaningful innovations, commitments to people and communities and embedding sustainability into our operations — knowing there’s always more to do.
“Our purpose, brands and innovation remain the foundation on which our business transformation and our aligned ESG priorities are built. With our business and ESG priorities focused on the core of what we do best, we are better able to leverage our great brands and position our Company for impactful achievements in the years ahead.”
Don Allan, Jr. President & Chief Executive Officer
Our environmental and social efforts are focused on where we believe we can make the greatest positive impact. With a streamlined portfolio and purposeful strategy, we are on a mission to be a force for good.
Our refreshed ESG strategy includes a set of commitments aligned with the UN Sustainable Development Goals (SDGs) that intrinsically ties to our purpose and spans across three pillars: people, product and planet.
People
Grow the Trades
Diversity, Equity and Inclusion (DE&I) ⤜ Achieve 10-point racial equity roadmap and improve our gender representation at the Vice President level and above by 2027
Grow the Trades ⤜ Commit $30 million to initiatives that grow skills for tradespeople by 2027
Product
Sustainable Innovation
Scope 3 ⤜ 67% of suppliers by spend will set Scope 1 and 2 Science Based Targets by 2027 ⤜ 52% reduction in Scope 3 GHG emissions intensity by 2030 from a 2022 baseline
Circular Design ⤜ We plan to continue to engage our customers, suppliers, and other stakeholders to prioritize the reduction and elimination of problematic plastics and improve packaging sustainability, with a specific commitment forthcoming by 2025
Planet
Sustainable Operations
Scope 1 & 2 ⤜ 42% reduction in absolute Scope 1 and 2 GHG emissions by 2030 from a 2022 baseline
Zero Waste to Landfill ⤜ 100% zero waste to landfill for global manufacturing and distribution sites by 2040
Grow the Trades
Helping People Thrive in a Changing World
Empowering tradespeople and generating brand ambassadorship through upskilling programs.
Our Board provides independent oversight to establish and review progress on short-term and long-term business strategy, risk management, executive compensation, cybersecurity and ESG strategy and reporting.
We recognize that responsibility and sustainability are not just about us, but also about the business ecosystem around us, which we help to build and shape. Accordingly, we have integrated sustainability principles into our due diligence practices, for the evaluation of any and all potential business partners, suppliers and targets for acquisition.
As we help to build the business ecosystem around us, we have integrated sustainability principles into our due diligence practices for all potential business partners, suppliers and acquisition targets. We work to bring new assets and teams up to our global standards of corporate social responsibility so that the entirety of Stanley Black & Decker remains sustainable.
