In today’s volatile geopolitical environment, a commitment to corporate social responsibility is not only the right thing to do, but a necessity for attracting and retaining top talent and customers and maintaining permission to operate in many markets.
Our people create products, tools and solutions for those who make the world, and we take that accountability seriously. We want to make sure that we are operating in a way that generates a sustainable impact, and research has proven that purpose-driven companies—those that operate with a mission beyond profits—deliver better results and have longer-term sustainable enterprises.
Stanley Black & Decker has made a considerable commitment in this space already. Our sustainability plan, ECOSMART™ , extends across our business from product design and manufacturing to marketing, selling and transportation. We are focused on substantially decreasing our environmental impacts by an additional 20% by 2020, through reducing our operational energy and water consumption, waste generation and carbon emissions. We are consistently recognized for our sustainability progress, for six consecutive years by the Dow Jones Sustainability Index and four consecutive years on CDP’s Climate “A” List.
Over the next several years, we will become a much more purpose-driven organization powered by Purpose-Driven Performance which will allow us to continue our historical top-quartile results while finding ways to match who we are as a company with social needs that can be fulfilled by our products, our resources and our people.