Demonstrating Integrity in All We Do.

We are committed to operating our business responsibly to enhance our community reputation and shareholder value.

It is within the best interests of our people, our company, our customers and the global marketplace to keep our ethical standards high and hold ourselves accountable at all times.

We maintain accurate financial records.

Our shareholders and customers rely on us to maintain accurate and timely financial records and we depend on those records to manage our business. Each of us bears the responsibility to accurately report all financial information such as expense reports, financial statements, invoices, forecasts, time records and more.

HOW WE DEMONSTRATE OUR PRINCIPLES

  • We spend the company’s money wisely, ensuring that expenses are reasonable, recorded properly and expensed in a timely fashion.
  • We follow proper procedures when we sign contracts on behalf of the company.
  • We record transactions in compliance with company policy and the law.
  • We report financial and accounting irregularities.
  • We hire suppliers based on quality, service and reliability.
  • We retain records in accordance with laws and best practices.

 

“To reach our vision of $22 billion by 2022, we rely on our employees to record and report all financial information in an accurate and timely way. This source of truth helps us operate in an agile way to continue driving growth and top-quartile performance.”

Don Allan, Executive Vice President & Chief Financial Officer, Stanley Black & Decker

We protect company assets.

The company has invested in the resources that we need to effectively perform our jobs, and protect company-issued property like laptops and cell phones. We safeguard our equipment and work tools as if they were our own and leverage company-provided security applications to make sure our technology is not compromised.

We recognize that supplies purchased by the company – whether raw material, component parts or office supplies – are for our use in the conduct of our business and manufacturing of our products. Although certain material that is no longer useful to the company may have value, we may not give it away to employees or to charity without the proper approvals. Please consult with your local Business Unit Controller or the Corporate Charitable Donations team before disposing or giving away any company asset.

We also recognize that our assets don’t just include physical property, but also our ideas, plans and strategies.

We protect all company assets, whether written on paper, penned on whiteboards, received verbally, sent via email or delivered via social media. Our information, including our intellectual property, is a valuable asset and its protection is crucial. In addition to protecting and defending our intellectual property, we respect the intellectual property of others and do not knowingly or improperly infringe on their intellectual property rights.

We use caution when working with governments.

We have an obligation to follow laws regarding interactions with government officials and to avoid even the appearance of improper conduct. Laws and regulations governing business relationships with government entities are often more stringent than those that govern commercial business relationships.

If your work involves government contracts or interactions with U.S. federal, state or local officials, please see our U.S. Government Contracts Policy. In other countries, please contact your local legal team for guidance.

What is Lobbying?

Attempting to influence a government official to create legislation or an activity that will help the company.

Unless we are authorized by the Vice President, Government Relations, we don’t do it.

 

In many jurisdictions, companies are prohibited from making political contributions, directly or indirectly. We do not make campaign contributions with company money or seek to be personally reimbursed by the company, unless the contribution is legal and we have received prior approval from our Chief Executive Officer. Even personal campaign contributions can raise concerns about various “Pay to play” laws in the United States. Senior managers and anyone involved in negotiating or fulfilling a government contract within the United States should, prior to making political contributions, review the company on Political Activity Policy.

We have a responsibility to be aware of and comply with all the laws that impact our interaction with government officials.

We are cautious in our trade relations.

Global trade laws impact where and to whom Stanley Black & Decker can deliver our products and services. These laws apply to the transfer of goods and technology to and from foreign companies and persons. The United States and other countries periodically impose economic sanctions that restrict trade, investment and financial transactions with certain countries, persons or groups.

To protect the security of cargo crossing International Borders, the U.S. Customs and Border Protection agency and the World Customs Organization have created the Customs-Trade Partnership Against Terrorism and the Authorized Economic Operator programs. Stanley Black & Decker is certified under both programs.

Economic sanctions, import and export control laws, and cargo security requirements are often complex and can vary depending on the product and from where it is being imported or to where it is being exported.

If you are involved in shipping, or providing products across borders, please consult the Supply Chain Security Policy or speak with a member of the Trade Compliance team for more information.

We protect our data and the privacy of our customers and employees.

In the general course of doing business, Stanley Black & Decker collects and maintains personal information about our employees, business contacts, customers, supplers, consumers and others.

We respect the privacy and confidentiality of the information of our customers, our employees, and those with whom we do business.

HOW WE DEMONSTRATE OUR PRINCIPLES

  • We treat all personal information as confidential.
  • We protect the privacy and security of any personal information that we collect, store, process, transmit, share or discard.
  • We don’t share personal information with anyone who does not have a clear business need, unless disclosure has been authorized or is legally mandated.
  • We assume all information provided by our customers, vendors and business partners is confidential, and is only to be used to support the particular project for which it was provided.
  • We secure personal information about ourselves or others – including performance-related materials, salaries and health information.

 

In addition to our responsibilities, there are laws and processes that we must follow when collecting, processing, storing and disposing of personal information.

Please review Stanley Black & Decker’s Data Privacy Principles for additional details.

 

“We take our obligation for protecting data privacy very seriously and take every precaution to build and maintain trust in this area.”

Jaime Ramirez, Senior Vice President, & President Global Emerging Markets

We avoid insider trading.

As employees of Stanley Black & Decker, we may become aware of material, non-public, inside information regarding our company, customers, business partners or competitors. Information can be deemed material if a reasonable investor may find it valuable in a decision to buy or sell a security. Information can be deemed non-public if it is not widely available to the investing public.

We must remember that trading in securities or tipping others to make investment decisions based on inside information not only violates our ethical standards, but it also is illegal.

For additional information please see our Insider Trading policy.

 

ETHICS AT STANLEY BLACK & DECKER

Courageously Standing for What’s Right.

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Achieving Performance We Can Be Proud Of.

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Promoting an Inclusive Workplace.

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