NEW BRITAIN - Stanley Black & Decker recently announced that it has been recognized as part of the Dow Jones Sustainability World Index (DJSI) by S&P Dow Jones Indices and RobecoSAM.
This is the first time that the New Britain headquartered company is named on the World Index and the eighth consecutive year that it is named on the DJSI North America Index.
“We are incredibly honored to receive this prestigious recognition for our sustainability efforts across the globe,” Stanley Black & Decker’s president and chief executive officer, Jim Loree, said. “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.”
The DJSI determines the sustainability driven businesses based on Environmental, Social and Governance (ESG) factors. The index is formed by RobecoSAM, an investment specialist that evaluates about 3,400 businesses around the world in 60 industries every year through the Corporate Sustainability Assessment (CSA).
The CSA is composed of criteria elements such as the corporate governance, climate strategies, human capital development, supply chain management, operational eco-efficiency and labor practices.
“I congratulate Stanley Black & Decker for being included in the Dow Jones Sustainability World and North America Indices,” RobecoSAM head of ESG Ratings Manjit Jus, said. “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 its updated Corporate Social Responsibility (CSR) strategy, which concentrates on innovating with purpose, empowering makers and creating a more sustainable world. Stanley Black & Decker has the goal of having greater carbon capture than carbon emissions in its global operations by 2030. The company is also looking to reduce Absolute Scope 1 and 2 Greenhouse Gas (GHG) emissions 100 percent by 2030. In addition, Stanley Black & Decker seeks to decrease Scope 3 GHG emissions 35 percent by the same year.
To learn more about Stanley Black & Decker visit www.stanleyblackanddecker.com .
Karla Santos can be reached at 860-801-5079 or firstname.lastname@example.org.