Stanley Black & Decker named to DJSI
The world's largest tools and storage company and leader in engineered fastening and security has also 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 James Loree, president and CEO of Stanley Black & Decker. "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.”
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% by 2030, using a 2015 base year, and reduce Scope 3 GHG emissions 35% by 2030, using a 2017 base year..