Operating with Discipline
Stanley Black & Decker is a leading global manufacturer of tools, outdoor products and engineered fastening solutions that give builders and crafters the means to make a difference. We are driven by our continuous pursuit of innovation to meet the evolving needs of our end users, strengthen our partnerships with customers and suppliers, and create a better, more sustainable world for the communities in which we operate.
Our Objectives for Sustainable Performance
Interwoven with our business strategy to drive long-term value creation, our approach to sustainability encompasses a set of purposeful objectives that align environmental and social commitments to customer and end-user expectations with business growth objectives.¹ Across our workforce and community, circularity principles, and emissions in our operations and value chain, each objective is owned by a member of our senior management team who drives progress on these priorities for our stakeholders.²
Community
Workforce of the Future
⤜ Attract, develop and retain the workforce of the future, empowering employees to thrive and deliver extraordinary outcomes.
Grow the Trades
⤜ Commit $60 million by 2030 to initiatives that educate tradespeople.
Circularity
Circular Design
⤜ Disclose annual progress on our efforts to prioritize the reduction and elimination of problematic plastics and improve packaging sustainability.³
Zero Waste to Landfill
⤜ 100% Zero Waste to Landfill across all global manufacturing and distribution sites by 2040.⁴
Emissions
Operational Emissions
⤜ 42% reduction goal in absolute Scope 1 and 2 greenhouse gas emissions by 2030 from a 2022 baseline.⁵
Supply Chain Emissions
⤜ 52% reduction in Scope 3 greenhouse gas emissions intensity by 2030 from a 2022 baseline.⁶
Supplier Engagement
⤜ 67% of direct suppliers by spend set Scope 1 and 2 emissions reduction targets by 2027.⁷
A Message From Our CEO
Read the Letter
Community
Investing in the People Who Shape Our Future
Expanding opportunities for the people who make and use our products.
See Community Progress
Circularity
Listening to Our Customers
Accelerating innovation, productivity, safety and sustainability where our end users need it most.
See Circularity Progress
Emissions
Improving Our Efficiency
Driving operational and supply chain improvements while addressing our impacts.
See Emissions Progress
Governance
Ensuring Ethical and Equitable Business Practice
Managing with integrity and discipline to generate long-term value for all our stakeholders.
See Governance ProgressEarning Recognition
America’s Most Responsible Companies
Newsweek
World’s Best Companies
Time
B Score
CDP Climate
America’s Greenest Companies
Newsweek
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1. Our use of the term “sustainability” throughout this report encompasses environmental sustainability in addition to the sustainability of our business model, workforce, supply chain, operations, community presence and other aspects of our work.
2. Our priority objectives remain the same as prior years, but have been recategorized into new pillars—Community, Circularity, and Emissions—for improved clarity and understanding.
3. “Problematic plastics” used throughout this report include polyvinyl chloride (PVC) and expanded polystyrene (EPS), which are commonly found in durable goods packaging.
4. Our Zero Waste to Landfill (ZWTL) strategy applies to our manufacturing facilities and distribution centers under our operational control.
5. Scope 1 emissions are all direct emissions from activities under our control, stationary and mobile, including on-site fuel combustion such as gas-fire furnaces and boilers. Scope 2 emissions are market-based indirect emissions from electricity purchased, accounting for renewable energy credits. Our reduction target is validated by the Science Based Targets initiative.
6. This target includes 3 distinct intensity goals for categories 1, 4, and 11. These categories represent the most significant emissions that we can effectively reduce through our decision-making processes. Our reduction target is validated by the Science Based Targets initiative.
7. Measured against our spend with direct Tier 1 suppliers.