Making a Difference: Our Impact Programs

Optimizing for Sustainable Performance

Our strategy for long-term value creation for our stakeholders depends on the ability of our planet and the people we serve to continue to thrive for generations to come.

In 2023, we revamped our sustainability goals across our impact pillars — People, Product, and Planet — to focus on the areas in which we can have the greatest positive impact, paying specific attention to growing the trades, developing sustainable innovation and improving our operations.

As part of this change, we also integrated the goals directly into the business, which has helped us operationalize them and create a positive impact across our business.

Our Objectives for Sustainable Performance

Our approach to sustainability aligns with our business focus on brands, growth and innovation, driven primarily by the needs of the professional end-user. Our impact goals are designed to support the needs of our various stakeholders, including our end-users, customers, investors, employees and the communities we serve.

People

Empowering People

Workforce of the Future
⤜ Attract, develop and retain the workforce of the future with top talent across our Company, so that we can serve our customers and end-users with best-in-class brands and innovation. To do this, we’re creating an inclusive environment that drives increased employee engagement where all employees thrive and are motivated to deliver their best work and extraordinary outcomes.

Grow the Trades
⤜ Commit $30 million to initiatives that help grow skills for tradespeople by 2027

Product

Sustainable Innovation

Sustainable Supply Chain
⤜ 52% reduction in Scope 3 GHG emissions intensity by 2030 from a 2022 baseline¹
⤜ 67% of suppliers by spend are expected to set Scope 1 and 2 science-based aligned targets by 2027²

Circular Design
⤜ Prioritize the reduction and elimination of problematic plastics and improve packaging sustainability, with a specific commitment expected by 2025³

Planet

Sustainable Operations

Operational Emissions
⤜ 42% reduction in absolute Scope 1 and 2 GHG emissions by 2030 from a 2022 baseline⁴

Zero Waste to Landfill
⤜ 100% Zero Waste to Landfill for global manufacturing and distribution sites by 2040⁵

Saying Goodbye to Problematic Plastics

Learn How

Two Stanley Black & Decker employees testing out cardboard packaging

Stanley Black & Decker manufacturing employee smiling

Empowering People

Helping People Thrive in a Changing World

Empowering tradespeople and generating brand ambassadorship through upskilling programs.

See People Progress

Sustainable Innovation

Make Products That Do a World of Good

Developing innovative products to solve problems, improve safety and benefit our society and the environment.

See Product Progress

Sustainable Operations

Create a More Sustainable World

Reducing the impact of our operations and improving efficiency.

See Planet Progress

For Responsible Oversight

Ensuring Accountability to Our Shareholders

Our Board provides independent oversight for our Company’s business strategies, risk management, executive compensation, sustainability strategy, and reporting.

See Governance Progress

Gaining Recognition

America’s Most Responsible Companies

Newsweek

100 Most Sustainable U.S. Companies

Barron’s

World’s Best Companies

Time

A- CDP Climate Score

and recognized as a CDP Supplier Engagement Leader

America’s Greenest Companies

Newseek

Sometimes numbers speak louder than words.

See our progress.

Reporting Center 2023 Impact Report

Continue Exploring

1. For purposes of our goal, our Scope 3 emissions include only our emissions measured in Scope 3 categories 1, 4, and 11, because those emissions are the most significant that we have the ability to reduce through our decision-making.

2. For the purpose of this goal, “67% by spend” is measured against our spend with Tier 1 suppliers. To meet our criteria, a supplier’s target must cover Scope 1 and 2 emissions and follow a reduction trajectory over 5–15 years that aligns with the Paris Agreement’s “well below 2°C” pathway.

3. Problematic plastics include polyvinyl chloride (PVC) and expanded polystyrene (EPS). Both are plastics commonly found in durable goods packaging.

4. Scope 1: All direct emissions from those activities under our control, stationary and mobile, including on site fuel combustion such as gas-fired furnaces and boilers. Scope 2: Indirect emissions from electricity purchased and used.

5. Zero Waste to Landfill (ZWTL) goal applies to our manufacturing facilities and distribution centers where we have control of the operations and incineration with energy recovery is included in our ZWTL performance.