Stanley Black & Decker Inc.
SWK.US | Manufacture of power-driven hand tools
Stanley Black & Decker, Inc. is a diversified global provider of hand tools, power tools, outdoor products, and related accessories. The company also provides engineered fastening systems and products, as well as security solutions, including electronic security, alarm monitoring, and access control...Show More
Better Health for All
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Stanley Black & Decker demonstrates a positive net health effect through its diverse offerings and initiatives. Its STANLEY Healthcare division works with over 17,000 hospitals and health systems, providing solutions to improve caregiver effectiveness and protect people.
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The company also offers 'Pria by BLACK+DECKER,' an AI-powered home care companion for medication management and connecting aging individuals to care teams.
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During the COVID-19 pandemic, the company exhibited an exceptional global health crisis response, establishing a task force, ramping up production of essential medical supplies like fasteners for hospital beds and ventilators, materials for testing kits, and producing PAPRs and face shields for healthcare professionals.
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They committed over $10 million to pandemic relief, including $4 million to COVID-19-focused nonprofits and $1 million to the Ad Council’s Vaccine Education campaign.
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The company supports healthcare education with a $2 million commitment to Hartford HealthCare’s Center for Education, Simulation and Innovation.
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Furthermore, Stanley Black & Decker addresses mental health by joining a CEO council to tackle high suicide rates among construction workers.
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While its core tools and storage products can contribute to musculoskeletal diseases, the company actively works on ergonomic design, AI, and exoskeleton PPE to mitigate these risks.
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Fair Money & Economic Opportunity
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Stanley Black & Decker is a global provider of tools, outdoor products, and fastening systems, not a financial institution.
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The company does not offer lending or deposit services to consumers, nor does it manage customer finance data or operate financial service access points. Therefore, KPIs related to financial products, pricing, fees, lending compliance, customer debt, and financial literacy programs are not applicable. While the company invests significantly in vocational skills training and grants for tradespeople, including underserved populations, these are philanthropic initiatives focused on skills development and not considered community finance or financial inclusion programs as defined by the specific financial services context of the rubric.
Fair Pay & Worker Respect
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Approximately 900 U.S. employees are covered by collective bargaining agreements, representing about 1.86% of the company's total global workforce of approximately 48,500 employees.
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No other specific, quantifiable evidence was found for the remaining Key Performance Indicators, including living wage coverage, CEO to median pay ratio, safety incident rate, pay equity ratio, worker engagement score, turnover rate, insecure contract share with benefit status, or health insurance coverage. Allegations of labor law violations from 2011 were noted but are not substantiated within the past three years.
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A CPSC investigation for alleged untimely reporting is not a labor-law violation.
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Fair Trade & Ethical Sourcing
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The provided articles describe Stanley Black & Decker's commitment to ethical sourcing, including a Supplier Handbook outlining minimum standards and prohibitions against child and forced labor
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. The company conducts regular audits and requires corrective actions
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. Initiatives include partnering with IntegrityNext for supplier surveys on sustainability
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and engaging RCS Global to map and audit its battery supply chain for human rights risks
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. The company also has a supplier diversity policy
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, council
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, and aims to include diverse suppliers in RFPs
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. However, the articles do not provide specific quantitative data points for any of the KPIs, such as the percentage of spend covered by fair-trade certifications, audit frequency, number of forced/child labor incidents, traceability coverage percentages, remediation speed, percentage of contracts with ethical clauses, share of spend on high-risk materials, or the percentage of procurement budget directed to diverse suppliers. Therefore, no KPIs can be scored.
Honest & Fair Business
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Stanley Black & Decker was notified by the CPSC in January 2024 of a civil penalty recommendation of approximately $32 million for alleged untimely reporting related to product recalls.
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The company voluntarily disclosed potential Foreign Corrupt Practices Act violations related to certain international transactions in January 2023
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and is cooperating with DOJ and SEC investigations while enhancing its compliance frameworks.
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The company has a Code of Business Ethics applicable to all directors, officers, and employees worldwide
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and provides a confidential Integrity Helpline, encouraging employees to raise concerns without fear of retaliation.
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Kind to Animals
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No specific, quantifiable evidence was found in the provided articles to assess Stanley Black & Decker against any of the 'Kind to Animals' KPIs. The articles discuss a solar project
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, a recycling program
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, and support for a conservation campaign
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, but these do not provide the direct, measurable data points required by the rubric for animal welfare, testing, sourcing, or specific biodiversity impact metrics tied to revenue.
No War, No Weapons
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Stanley Black & Decker's Engineered Fastening division provides products for military applications, including armored vehicles and weapons.
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Its Storage Solutions, such as Vidmar and Lista brands, are also used in military settings for weapons storage and deployment.
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The company acquired Consolidated Aerospace Manufacturing, LLC, which manufactures components for aerospace and defense markets.
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Between 2000 and 2020, Stanley Black & Decker was awarded approximately $9.9 million in defense contracts for supplying products like hand tools and power-driven tools to the Department of Defense.
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The company supports veterans through recruitment and 'Grow the Trades' initiatives, investing $7.4 million in 2023 for upskilling, with a goal of $30 million by 2027.
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In 2021, it joined the Council for Inclusive Capitalism, committing to ESG responsibilities and aligning with UN SDGs.
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However, the provided articles do not contain specific quantitative data points required by the rubric to score any of the KPIs, such as the percentage of revenue from arms contracts, scope of R&D investment in dual-use technologies, or proportion of revenue allocated to peacebuilding initiatives.
Planet-Friendly Business
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In 2024, Stanley Black & Decker's total Scope 1, 2, and 3 greenhouse gas emissions were 4,860,202.8 tCO₂e
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, with full Scope 1, 2, and 3 data published annually. The company's climate strategy is aligned with science-based targets
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, aiming for a 100% reduction in absolute Scope 1 and 2 emissions by 2030 from a 2015 baseline
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, a 42% reduction in Scope 1 and 2 emissions from a 2022 baseline by 2030
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, and a 52% reduction in Scope 3 emissions from a 2022 baseline by 2030
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. Currently, 12% of the company's energy is sourced from renewables
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. Stanley Black & Decker diverts 91% of its waste from landfills
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, and 40% of its sites had achieved Zero Waste to Landfill status as of December 31, 2024
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. Regarding its supply chain, 30% of the supply base by spend had adopted emissions reduction targets in 2024
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. The BLACK+DECKER reviva product line uses 50% certified recycled content in its enclosures
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.
Respect for Cultures & Communities
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No evidence available to assess Stanley Black & Decker Inc on Respect for Cultures & Communities.
Safe & Smart Tech
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Stanley Black & Decker has not experienced a cybersecurity incident or third-party information security breach that materially affected the company in the last three fiscal years.
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It has a publicly available responsible AI policy
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and an AI Governance Committee, co-chaired by the CTO, CISO, and Chief Data Privacy Officer, to define ethical AI use and policy guidelines.
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All employees are regularly offered information security and protection training, including specialized training for those exposed to sensitive information, and are prompted to certify their awareness and compliance.
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The company maintains a very strong regulatory compliance program, with the Board of Directors regularly reviewing compliance procedures, the legal department overseeing applicable legal and regulatory requirements, and internal and external audits conducted to meet obligations.
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Zero Waste & Sustainable Products
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Stanley Black & Decker has set ambitious waste reduction targets, aiming for 100% Zero Waste to Landfill for global manufacturing and distribution sites by 2040
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and 100% sustainable packaging by 2025
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. As of 2023, 37% of its sites have achieved Zero Waste to Landfill status
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. The company has implemented several waste reduction initiatives, including removing over 2.2 million pounds of problematic plastic from product packaging since 2020
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and converting nearly all DEWALT battery packaging to recyclable materials
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. It also partners with TerraCycle to offer a free mail-in recycling program for small appliances and tools, including those with integral lithium-ion batteries, across multiple brands, providing a comprehensive disposal resource for customers
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.