Stanley Black & Decker (NYSE: SWK), a diversified global provider of power and hand tools, mechanical access solutions, electronic security and monitoring systems, and products and services for industrial applications, was selected as a component of the Dow Jones Sustainability Index for North America for the second year in a row, in recognition of its leadership in economic, environmental, and social programs performance.
“Stanley Black & Decker has had a long standing commitment to be an industry leader with how we approach and deliver upon our economic, environmental and social responsibilities and our success on these fronts is driven by the Stanley Fulfillment System, or SFS,” remarked John Lundgren, President and CEO. “Core to SFS is our customer base – and our customers buy our products for many reasons, but mainly because our brand name means quality and they trust it. Wherever we make products, wherever we sell products, we have a responsibility to the community. The principles that guide our complete operations are consistent with the longstanding vision and values for Stanley Black & Decker as a whole. We are pleased and honored that our successful attainment of these principles has afforded us inclusion in the Dow Jones Sustainability Index for North America for the second year in a row.”
The company's continued application of Stanley Fulfillment System (SFS) principles in 2011 produced year-over-year improvements in environmental performance across its more than 120 reporting manufacturing and distribution centers including: a 13% reduction in total waste generation, an 18% reduction in energy consumption, and an 18% reduction in water usage, all normalized to production. Year-over-year improvements in health and safety (social) performance included double digit reductions in total recordable incident rate and lost time incident rates to world-class levels of 1.2 and 0.4 respectively, alongside the emergence of "I have a safe workplace" as the top scoring category in a 2011 survey of 50000 employees at more than 700 reporting sites across the globe.