As a worldwide leader in tools and outdoor products, and a leading provider of engineered fastening solutions, our brands, growth and innovation are driven by the needs of our end-users.
We focus our sustainability efforts on making the greatest positive impact — paying particular attention to workforce development and sustainability in both our supply chain and our operational emissions — as we continue to equip those who make the world with the tools and means to make a difference.
“As Stanley Black & Decker has transformed, we have sharpened our focus on driving sustainable growth for our stakeholders and in the way we do business.”
Don Allan, Jr. President & Chief Executive Officer
Our approach to sustainability is integrated into our business strategy and operations. This includes a set of impact objectives across our pillars of People, Product and Planet, which guide our focus. Each impact objective is sponsored and owned by a member of our senior management team and is part of our plan for long-term value creation.
People
Workforce of the Future ⤜ Attract, develop and retain the workforce of the future, where all employees and tradespeople thrive and are motivated to deliver their best work and extraordinary outcomes.
UPGRADED:Grow the Trades
⤜ Commit $60 million to initiatives that help grow skills for tradespeople over a 7-year period, by 2030.¹
Product
Supply Chain Sustainability ⤜ 52% reduction goal in Scope 3 greenhouse gas emissions intensity by 2030 from a 2022 baseline.²
⤜ 67% of suppliers by spend will set Scope 1 and 2 emissions reduction targets by 2027.³
Circular Design ⤜ Prioritize the reduction and elimination of problematic plastics and improve packaging sustainability, with a commitment expected by year-end 2025.⁴
Planet
Operational Emissions ⤜ 42% reduction goal in absolute Scope 1 and 2 greenhouse gas emissions by 2030 from a 2022 baseline.⁵
Zero Waste to Landfill ⤜ 100% Zero Waste to Landfill for global manufacturing and distribution sites by 2040.⁶
1. Upgraded goal of $60 million investment by 2030 is an extension and expansion of prior $30 million investment goal by 2027, and is thereby inclusive of the $19.8 million spend to date under our Grow the Trades program since 2023, our base year.
2. To align with our goal, we have chosen to include only Scope 3 emissions from categories 1, 4, and 11. These categories represent the most significant emissions that we can effectively reduce through our decision-making processes. The Company’s infrastructure business was divested on April 1, 2024 and therefore all metrics in this report only reflect 2024 data through that date unless otherwise noted. The infrastructure business scope 1, scope 2 market-based, scope 2 location-based, and scope 3 (categories 1, 4, and 11) emissions included in this report were 3,128, 1,500, 1,508, and 139,196 metric tons of CO₂e, respectively.
3. For the purpose of this goal, percentage “by spend” is measured against our spend with direct Tier 1 suppliers. To meet our criteria, a supplier’s target must cover Scope 1 and 2 emissions and follow a reduction trajectory over 5 to 15 years that aligns with the Paris Agreement’s “well below 2°C” pathway. Data reflects the percentage of direct suppliers, measured by spend, that have set Scope 1 and 2 emissions reduction targets that meet SBD criteria. As of the end of 2024, 30% of suppliers have approved targets. These figures are based on supplier reports and internal assessments.
4. Problematic plastics include polyvinyl chloride (PVC) and expanded polystyrene (EPS). Both are plastics commonly found in durable goods packaging.
5. Scope 1: All direct emissions from those activities under our control, stationary and mobile, including on-site fuel combustion such as gas-fire furnaces and boilers. Scope 2: Market-based Indirect emissions from electricity purchased, accounting for renewable energy credits. The Company’s infrastructure business was divested on April 1, 2024 and therefore all metrics in this report only reflect 2024 data through that date unless otherwise noted. The infrastructure business scope 1, scope 2 market-based, scope 2 location-based, and scope 3 (categories 1, 4, and 11) emissions included in this report were 3,128, 1,500, 1,508, and 139,196 metric tons of CO₂e, respectively.
6. Our Zero Waste to Landfill (ZWTL) performance includes waste reuse, recycling, and incineration, with energy recovery as part of our waste management strategy. Data represents the total number of sites achieving ZWTL status as of December 31, 2024. We have an established, internally driven ZWTL policy, along with specific achievement criteria. Our ZWTL goal applies to our manufacturing facilities and distribution centers where we have operational control.
