Stanley Black & Decker is a $14.5 billion revenue, purpose-driven organization. Stanley Black & Decker has 53,000 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 business. 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.

Purpose

Stanley Black & Decker’s goal is to inspire makers and innovators to create a more sustainable world in alignment with our purpose—For Those Who Make The World.™ We believe corporations have a broader role to play in society building on our historical, deep focus on environment, health and safety, sustainability and community engagement. This role relates to helping solve the world’s challenges, such as climate change, income inequality and workforce development. In short, we’re working to be a force for good.

Headshot of Council Member

James Loree

Chief Executive Officer, Stanley Black & Decker

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We believe it is vital to state clearly to the world the set of our beliefs about Inclusive Capitalism. As such, we start with our Statement of Guiding Principles for Inclusive Capitalism. Knowing that words alone are not enough, each of us is making a series of commitments about how we will operate our institutions so that they help achieve Inclusive Capitalism. These commitments are forward-looking statements based on current goals, expectations and assumptions, which are not guarantees of future performance. For more information, please refer to our Terms of Use

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Principles of Governance icon Principles of Governance
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Summary

By 2030, SBD committed to become a carbon positive organization by decarbonzing its operations and eliminating additional emissions through means of carbon capture to support the Paris agreement and the Science-Based Targets Initiative.

Objectives

Become carbon positive by reducing carbon emissions that contribute to climate change by implementing renewable energy and carbon reduction technologies.

Metrics & Targets

Reduce carbon emissions from Scope 1 & 2 emission sources to zero by 2030, in alignment with the Science-Based Targets Initiative.

Reduce carbon emissions from Scope 3 emission sources 35% by 2030 (specifically, purchased goods and services, and upstream and downstream transportation and distribution), in alignment with the Science-Based Targets Initiative.

Eliminate additional carbon emissions through carbon capture technologies.

SDG Focus Area(s):

Summary

SBD will address unmet societal needs by delivering products that are innovative and purposeful to improve the lives of 500 million people by 2030.

Objectives

SBD commits to improving lives with innovative products that address unmet societal needs. We designate innovative and purposeful products as being "products with purpose". Our “Products with Purpose” are defined as:
  1. Contributing to UN Sustainable Development Goal targets
  2. Addressing unmet societal needs within the Social Progress Index
  3. Achieving a level of innovation that exceeds incremental improvement
Examples of more sustainable products.

Metrics & Targets

SBD will address unmet societal needs by delivering products that are innovative and purposeful to improve the lives of 500 million people by 2030. We calculate our progress every year and report out externally.

SDG Focus Area(s):

Summary

By 2030, SBD will achieve zero waste to landfill (ZWTL) across daily, direct operations (one-off construction and other events may be excluded).

Objectives

Reduce environmental impact created from waste being sent to landfills and responsibly reduce, recycle and reuse materials in our operations. Zero Waste To Landfill

Metrics & Targets

By 2030, 100% of all SBD Manufacturing and Distribution sites will not send any waste to landfill.

SDG Focus Area(s):

Summary

SBD aims to use water sustainably wherever we do business. SBD will identify water risks and, where applicable, set context-based targets to address site-specific concerns in each river basin where it operates by 2030.

Objectives

Reduce environmental impact associated with water withdrawal, use, and discharge in our operations, specifically in water stressed areas of the world. Sustainable Water Use

Metrics & Targets

SBD will identify water risks and set context-based targets that address site-specific concerns in each water stressed river basin where it has operations by 2030.

Working with WWF on flagship project that will improve the biodiversity of river basin wetlands which in turn has the benefit of improved water quality, availability, and reducing the potential for future flood risk.

SDG Focus Area(s):

Summary

SBD will empower 10 million makers to thrive in a changing world by 2030 through STEAM education, vocational and trade skills, makerspace training, and employee career mobility, with 60,000 of those makers being our employees.

Objectives

Re-train and re-skill employees and those in society to improve their foundational and long-term skills, as well as improve their career mobility. Empower Makers progress to goal

Metrics & Targets

SBD will re-train and re-skill 10 million makers (employees and those in society) to improve their foundational and long-term skills and thrive in a changing world by 2030 through: STEAM education, vocational and trade skills, makerspace training and employee career mobility. 60,000 of those makers will be SBD employees that will have transitioned to new or enhanced roles or have the potential to transition based on upskilling provided by SBD.

SDG Focus Area(s):

Summary

SBD will design products for circularity across material selection, use and end-of-life considerations, with a goal of 100% reusable, recyclable, or compostable packaging by 2025, as part of the Ellen MacArthur Foundation's Global Commitment.

Objectives

Promote circular design in SBD's products across material selection, use, and end-of-life considerations to ensure materials continue in commerce and can continue to benefit future generations. Ellen MacArthur Foundation

Metrics & Targets

SBD will have 100% reusable, recyclable, or compostable packaging by 2025.

SDG Focus Area(s):

Summary

By 2025, two-thirds of SBD's supply chain will develop science-based Scope 1 and Scope 2 targets. By 2030, we’ve committed to reducing our absolute Scope 3 emissions by 35% compared to a 2017 baseline.

Objectives

SBD will work with suppliers to achieve superior social and environmental performance through emissions reductions and innovative solutions. SBD Sustainable Sourcing.

Metrics & Targets

By 2025, two-thirds of our supply chain by spend will develop science-based Scope 1 and Scope 2 targets. By 2030, we’ve committed to reducing our absolute Scope 3 emissions by 35% compared to a 2017 baseline. This means all new growth from 2017 on will need to be emissions free in addition to reducing the emissions associated with our 2017 sales volume by 35%.

SDG Focus Area(s):

Summary

SBD will support communities by building a strong network through outreach and donating at least $10.5M by 2025 to strategically aligned racial equity related organizations.

Objectives

Building a strong community network through outreach to eliminate racial inequality. DEI Initiatives

Metrics & Targets

Donated $1M in 2020 and at least $10.5M by 2025 to strategically aligned racial equity related organizations.

SDG Focus Area(s):

Summary

SBD will expand our partnerships with minority- and women-owned businesses to increase supplier diversity spend from 3% to 10% by 2025.

Objectives

Sustain and expand minority- and women-owned businesses by increasing supplier diversity spend. DEI Initiatives

Metrics & Targets

Expand our partnerships with minority- and women-owned businesses to increase supplier diversity spend from 3% to 10% by 2025.

SDG Focus Area(s):

Summary

Stanley Black & Decker is an early member of Paradigm for Parity® and has committed to achieving 50-50 gender parity in leadership by 2030.

Objectives

Advance gender parity in leadership positions. DEI Initiatives

Metrics & Targets

SBD has committed to achieving 50-50 gender parity in leadership by 2030.

SDG Focus Area(s):

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Recognizing it will take alignment of all our organizations to scale impact globally, we invite you to join the movement as a Steward of Inclusive Capitalism. Together, the collective action of Council members will contribute to a fairer, more inclusive and sustainable future for all people and our planet.