Stanley Black & Decker Achieves Position of Leadership for Climate Change
NEW BRITAIN, Conn. -- September 30, 2013
Stanley Black & Decker (NYSE: SWK) is pleased to announce that it has achieved
a position in CDP’s S&P 500 Climate Performance Leadership Index (CPLI) for
the first time. This annual index highlights those companies listed on the
Standard & Poor’s 500 Index (S&P 500) that demonstrate strategies committed to
improving their impact on the environment.
Stanley Black & Decker's actions to reduce carbon emissions and mitigate the
risks of climate change have been recognized by CDP, the world’s only global
environmental disclosure system. The achievement is announced in the CDP S&P
500 Climate Change Report 2013, which tracks how America’s largest listed
companies are responding to a changing climate.
At the request of 722 investors representing $87 trillion in assets, Stanley
Black & Decker took part in CDP’s climate change program, designed to increase
awareness of how to achieve efficiencies, realize monetary savings and
capitalize on commercial opportunities from the management of energy, carbon
emissions and climate change.
Achieving an ‘A band’ for climate performance is a prerequisite for a position
on the CPLI, which is based on a number of criteria associated with measuring,
verifying and managing carbon footprints. 36 S&P 500 companies are featured in
the 2013 CPLI.
“Our long-term efforts to reduce our environmental impact have fostered a
culture of process innovations that result in quantifiable environmental
improvements,” said John F. Lundgren, Chairman & Chief Executive Officer of
Stanley Black & Decker. “Sustainability is embedded throughout Stanley Black &
Decker, and we are creating a company-wide culture that engineers waste out of
our processes before it is generated, minimizes energy and water consumption
on the design table, and empowers our employees to create the solutions.”
Stanley Black & Decker’s vision is not just to achieve “0” in its key
performance indicators (KPIs) but to go “below zero.” This mentality improves
focus, increases speed and feeds momentum toward becoming a truly sustainable
company. To move closer to this ideal state Stanley Black & Decker has
committed to reduce our environmental impacts an additional “15% by 2015”
(over 2012 baseline).
Performance bands awarded by CDP provide an evaluation tool for institutional
investors and stakeholders tracking corporate efforts to mitigate climate
change. Through various channels, including Bloomberg terminals, company
performance is communicated to investors and other decision makers that need
to assess corporate preparedness for changing market demands and emissions
Paul Simpson, CEO of CDP, comments: “Natural resource scarcity is
intensifying, the scientific case for action to mitigate climate change is
strengthening and the number of investors requesting corporate action on
climate change through CDP is continually increasing. We congratulate
companies in the Climate Performance Leadership Index for their pioneering
efforts to combat climate change and grow low carbon economies at this
Tom Carnac, President for CDP in North America said: “American companies
protecting themselves against climate risks and preparing to capitalize on the
opportunities a changing climate presents are building competitive advantage.
Increasingly we are seeing that taking action to address climate change is
good for business, so I am very pleased to see more US companies recognized in
the CPLI than ever before.”
The S&P 500 report including names of companies featured in the CPLI can be
found at www.cdp.net.
About Stanley Black & Decker
Stanley Black & Decker, an S&P 500 company, is a diversified global provider
of hand tools, power tools and related accessories, mechanical access and
electronic security solutions, healthcare solutions, engineered fastening
systems, and more. Learn more at www.stanleyblackanddecker.com.
CDP is an international, not-for-profit organization providing the only global
system for companies and cities to measure, disclose, manage and share vital
environmental information. CDP works with market forces, including 722
institutional investors with assets of US$87 trillion, to motivate companies
to disclose their impacts on the environment and natural resources and take
action to reduce them. CDP now holds the largest collection globally of
primary climate change, water and forest risk commodities information and puts
these insights at the heart of strategic business, investment and policy
decisions. Please visit www.cdp.net or follow us @CDP to find out more.
Stanley Black & Decker, Inc.
Timothy Perra, 860-826-3260
Vice President, Communications
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