Interpretation and Analysis
We updated our data-driven materiality assessment in 2021 to establish an understanding of what ESG issues are of top importance to both our internal and external stakeholders. We are leveraging the results of this assessment for updates to Stanley Black & Decker’s ESG strategy, including targets, programs and reporting approach. The results further confirm strong alignment across external and internal stakeholders on the prioritization of material ESG issues.
The materiality assessment process utilized artificial intelligence to mine insights data across news and social media outlets, regulatory trends, and the public disclosures of our industry peers, suppliers and customers. This approach was enhanced with qualitative inputs from internal and external stakeholders via live interviews and an internal survey.