As partners in our sustainability journey, our suppliers play a key role in achieving our decarbonization objectives, and we work with them to elevate our shared social and environmental performance.
We support our suppliers in their pursuit of continuous improvement and operational excellence while expecting them to meet the highest standards of quality, ethics and sustainability.
Shifting from Tactical to Strategic Sourcing
Across Stanley Black & Decker, participation in our priority impact objectives has increased dramatically due to the variety of new resources, tools and trainings implemented to help our teams drive progress.
Our procurement category managers, equipped with conversation guides, training and increased ownership of our objectives, delivered substantial progress in 2024 with 10% more suppliers by spend adopting emissions reduction targets — taking us to 30% of our supply base with reduction targets versus our goal of 67% by 2027.
“We’re working directly with many of our top suppliers to advance their own emissions reductions, offering our know-how and guidance. Setting Scope 1 and 2 emissions reduction targets is key. And our suppliers understand that the benefits of managing toward these targets go far beyond just dropping our Scope 3 numbers.”
Steve K. Chief Procurement Officer
Documents
For suppliers doing business with us, please read or download the following:
Stanley Black & Decker is actively committed to eradicating human trafficking and slavery from its supply chain.
Human rights are non-negotiable. We are committed to respecting and supporting human rights in accordance with international standards and guidelines, such as the Guiding Principles for Business and Human Rights and the Universal Declaration of Human Rights.
Stanley Black & Decker is committed to taking all reasonable steps to comply with the legislation and has begun the process of determining where conflict minerals exist within our supply chain.
This statement summarizes steps taken by the U.K. subsidiaries of Stanley Black & Decker, Inc. to ensure that modern slavery and human trafficking in any form is not taking place in our organization, supply chains or in any part of our business.
Responsible expenditure of Stanley Black & Decker funds requires the proper consideration of price, quality, reliability and data security, as well as consistent service and delivery terms.
This overviews our standards and expectations for Stanley Black and Decker’s potential and current suppliers as we strategically collaborate on our collective goals for our supply chain.
Stanley Black and Decker’s suppliers are required to acknowledge and comply with our Code of Business Ethics and its referenced documents, such as the Human Rights Policy Statement, legal obligations, and industry standards, and establish a sustainable procurement policy (addressing regulations such as the UK Modern Slavery Act, Guiding Principles on Business and Human Rights, etc.) regarding their suppliers’ operational practices and supply chains.
