We partner with suppliers to elevate their social and environmental performance along our supply chain while supporting their pursuit of continuous improvement and operational excellence.
2030 Product Goal
Reduce Scope 3 emissions by 35% compared to a 2017 baseline
- Two-thirds of supply chain by spend setting Scope 1 and Scope 2 science-based targets
Building a Sustainable Supply Chain
Our suppliers are expected to meet the highest standards of quality, ethics and sustainability as outlined in our Stanley Black & Decker Supplier Handbook. They’re also encouraged to participate in our CDP Supply Chain Program.
Bringing our supply chain along with us on the path to a Net Zero future, and helping our suppliers achieve superior environmental performance, includes committing to ambitious emission reduction targets for our supply chain.
Our first step in addressing the Scope 3 emissions related to our products and solutions has been to engage with our suppliers, all along our vast and complex supply chain, bringing them both demands and best practices for reducing their own Scope 1 and Scope 2 emissions. Simply put, our suppliers’ Scope 1 and Scope 2 comprise much of our Scope 3.
The urgency we feel is working its way quickly and clearly through our networks of supplier relationships.
Stanley Black & Decker is committed to developing a diverse supply chain that contributes to successful and sustainable businesses. Through inclusive procurement practices we can create long-term value for our clients while helping us remain agile and ahead of the market. These practices help make a positive impact on the communities we and our suppliers represent.
Learn more about our supplier diversity program
SUSTAINABLE SUPPLY CHAIN
We aspire to source our raw materials, finished goods, components and services from suppliers that meet our evolving sustainability criteria. Our commitment includes working with our suppliers of products, goods and services to reduce supply chain emissions by 35% by 2030 – and continuing to assess all of our new suppliers for adherence to our social and environmental expectations. In 2020, 100% of new suppliers in high-risk areas were audited.
It’s important that our key suppliers are included in our supply chain process. Over the years, we’ve engaged a large number of suppliers to take part in the Carbon Disclosure Project (CDP), and in 2020 many of our suppliers submitted to CDP for the first time. In 2020, our CDP Supplier Response Rate was 69%.
CODE OF BUSINESS ETHICS
This code applies to all of us – employees, officers, directors, contractors, vendors and suppliers. Our managers and board members annually acknowledge their understanding of this code and its tenets.
Learn more about our Code of Business Ethics
For suppliers doing business with us, please read or download the following:
CALIFORNIA TRANSPARENCY IN SUPPLY CHAIN ACT
Stanley Black & Decker is actively committed to eradicating human trafficking and slavery from its supply chain.
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 without our supply chain.
MODERN SLAVERY TRANSPARENCY STATEMENT
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.
SUPPLY CHAIN SPEND ANALYSIS
We partner with our suppliers to maintain a world-class, integrated supply chain while supporting their pursuit of continuous improvement and operational excellence.
ESG INTEGRATION IN SUPPLY CHAIN MANAGEMENT STRATEGY
We’re working to make sure our raw materials, finished goods, components and services come from suppliers that meet our evolving sustainability criteria.
This document communicates our standards and expectations to our potential and existing suppliers; it relays our culture and values, informing on Commercial Guidelines featuring the Supplier Code of Conduct and Operating and Design Guidelines defining quality requirements. The Handbook strengthens the communication and direction between Stanley Black & Decker and its supply base.