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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).