With the launch of our 2030 Global Corporate Social Responsibility Strategy, we are elevating our commitment to CSR by focusing efforts where they can have the most impact: empowering makers, innovating with purpose and creating a more sustainable world.
Inspiring Makers and Innovators to Create a More Sustainable World
Pillars of Our 2030 Global Corporate Social Responsibility Strategy
Enable 10 million creators and makers to thrive in a changing world
Upskill our employees who may be displaced by technology.
Empower citizens with vocational training, STEAM education and access to maker spaces.
Innovate With Purpose
Innovate our products to enhance the lives of 500 million people and improve environmental impacts
Create and use products to meet underserved societal needs.
Improve the lifecycle impact of our products and sourcing, and reduce supply chain greenhouse gas emissions.
Create a More Sustainable World
Positively impact the environment through our operations
Improve our environmental impacts related to greenhouse gas emissions, water and waste.
A Note from Jim Loree on Social Responsibility
Our company’s purpose, “For Those Who Make The World,” drives our success as a business. Make no mistake, it has social impact at its heart. Our 2030 Global Corporate Social Responsibility Strategy is designed to bring this purpose to life.
We see the potential for our business to be an incredible force for good and that’s why we strive to create value beyond profits, including environmental and social value, generating a positive impact for our shareholders and stakeholders, as well as for society at large.
Our social responsibility strategy and business strategy are inextricably linked and interdependent. We can’t succeed at one without succeeding at the other. Through these strategies, Stanley Black & Decker aims to become a leading purpose-driven company recognized for inspiring makers and innovators to create a more sustainable world. This will drive innovation with impact and support us in delivering top-quartile performance going forward.
James M. LoreePresident & Chief Executive Officer
Our EcosmartTM Advantage
ECOSMARTTM signifies our commitment to a sustainable future and is embedded in everything we do, across our entire value chain. We continue to improve the sustainability of our operations, our products and our communities while helping our suppliers and our customers to do the same. While this has led to consistent recognition amongst our peers as a standout company with respect to our environmental, health and safety practices, we always believe we can and should do more, and we work every day to be better than the last.
Embracing UN 2030 Sustainable Development Goals
The United Nation’s 2030 Sustainable Development Goals (SDGs), introduced in 2015, are designed to bring focus — and solutions — to global challenges and unmet societal needs.
The 17 specific goals can be summarized as: promoting sustainable, inclusive and equitable economic growth; creating greater opportunities for all; reducing inequalities; raising basic standards of living; fostering equitable social development and inclusion; and, promoting integrated and sustainable management of natural resources and ecosystems.
Within this report, relevant SDGs are identified for each main section.
About This Report
Our corporate social responsibility report updates stakeholders on our strategies and progress against our commitments, and is organized in three main subsections that reflect people, product and planet. It also includes a materiality assessment and sustainability scorecard of key performance indicators. This report has been prepared to align with basic GRI Standards, which continue to guide the evolution of our reporting on environmental, social and governance performance. It includes forward-looking statements about our business plans, initiatives and objectives which may change based on subsequent developments.
We believe this format best conveys our current approach to responsibility reporting and our commitment to creating a strong business and to building a better, more sustainable world.