NEW BRITAIN, Conn.--(EON: Enhanced Online News)--Stanley Black & Decker (NYSE: SWK) is pleased to announce that it has achieved a position in CDP’s S&P 500 Climate Performance Leadership Index (CPLI) for the first time. This annual index highlights those companies listed on the Standard & Poor’s 500 Index (S&P 500) that demonstrate strategies committed to improving their impact on the environment.
“Our long-term efforts to reduce our environmental impact have fostered a culture of process innovations that result in quantifiable environmental improvements”
Stanley Black & Decker's actions to reduce carbon emissions and mitigate the risks of climate change have been recognized by CDP, the world’s only global environmental disclosure system. The achievement is announced in the CDP S&P 500 Climate Change Report 2013, which tracks how America’s largest listed companies are responding to a changing climate.
At the request of 722 investors representing $87 trillion in assets, Stanley Black & Decker took part in CDP’s climate change program, designed to increase awareness of how to achieve efficiencies, realize monetary savings and capitalize on commercial opportunities from the management of energy, carbon emissions and climate change.
Achieving an ‘A band’ for climate performance is a prerequisite for a position on the CPLI, which is based on a number of criteria associated with measuring, verifying and managing carbon footprints. 36 S&P 500 companies are featured in the 2013 CPLI.
“Our long-term efforts to reduce our environmental impact have fostered a culture of process innovations that result in quantifiable environmental improvements,” said John F. Lundgren, Chairman & Chief Executive Officer of Stanley Black & Decker. “Sustainability is embedded throughout Stanley Black & Decker, and we are creating a company-wide culture that engineers waste out of our processes before it is generated, minimizes energy and water consumption on the design table, and empowers our employees to create the solutions.”
Stanley Black & Decker’s vision is not just to achieve “0” in its key performance indicators (KPIs) but to go “below zero.” This mentality improves focus, increases speed and feeds momentum toward becoming a truly sustainable company. To move closer to this ideal state Stanley Black & Decker has committed to reduce our environmental impacts an additional “15% by 2015” (over 2012 baseline).
Performance bands awarded by CDP provide an evaluation tool for institutional investors and stakeholders tracking corporate efforts to mitigate climate change. Through various channels, including Bloomberg terminals, company performance is communicated to investors and other decision makers that need to assess corporate preparedness for changing market demands and emissions regulation.
Paul Simpson, CEO of CDP, comments: “Natural resource scarcity is intensifying, the scientific case for action to mitigate climate change is strengthening and the number of investors requesting corporate action on climate change through CDP is continually increasing. We congratulate companies in the Climate Performance Leadership Index for their pioneering efforts to combat climate change and grow low carbon economies at this critical time.”
Tom Carnac, President for CDP in North America said: “American companies protecting themselves against climate risks and preparing to capitalize on the opportunities a changing climate presents are building competitive advantage. Increasingly we are seeing that taking action to address climate change is good for business, so I am very pleased to see more US companies recognized in the CPLI than ever before.”
The S&P 500 report including names of companies featured in the CPLI can be found at www.cdp.net.
About Stanley Black & Decker
Stanley Black & Decker, an S&P 500 company, is a diversified global provider of hand tools, power tools and related accessories, mechanical access and electronic security solutions, healthcare solutions, engineered fastening systems, and more. Learn more at www.stanleyblackanddecker.com.
CDP is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. CDP works with market forces, including 722 institutional investors with assets of US$87 trillion, to motivate companies to disclose their impacts on the environment and natural resources and take action to reduce them. CDP now holds the largest collection globally of primary climate change, water and forest risk commodities information and puts these insights at the heart of strategic business, investment and policy decisions. Please visit www.cdp.net or follow us @CDP to find out more.