Stanley Black & Decker Recognized as S&P 500 Leader On Climate Change Action
FEATURES
CEO John Lundgren
Stanley Black & Decker has been recognized as a leader among S&P 500 companies “for the depth and quality of climate change data it disclosed to investors as well as for its actions to reduce carbon emissions and mitigate the business risks of climate change.”
Stanley Black & Decker’s engineered fastening platform, anchored by Emhart Teknologies, has more than $1.5 billion in annual revenues, according to the FIN Stock Review.
“We are honored to lead the S&P 500 with respect not only to our performance, but also to our transparency of disclosure, and we are committed to continuing our legacy of sustainable practices well into the future,” Stanley Black & Decker stated.
The recognition came from environmental non-profit CDP, which announced Stanley Black & Decker’s leadership status in the CDP S&P 500 Climate Change Report 2014. The report presents new analysis linking S&P 500 industry leaders with financial outperformance.
Stanley Black & Decker is recognized on both the S&P 500 Climate Disclosure Leadership Index (CDLI) and Climate Performance Leadership Index (CPLI) after receiving the highest attainable scores.
The New Britain, CT-based company provided information at the request of 767 investors, representing more than $92 trillion in assets, through CDP’s climate change program. This is the first year that Stanley Black & Decker has achieved a position in the CDLI, which spotlights companies with a high level of transparency and data quality in their disclosure of climate-related information. Sixty-three S&P 500 companies are featured in the 2014 CDLI.
And it’s the second year Stanley Black & Decker has ranked in the CPLI, which identifies companies with a demonstrated commitment to managing climate change by integrating it into their business strategy and taking actionable steps to mitigate climate-related risk. Thirty-four S&P 500 companies are featured in the 2014 CPLI.
“Achieving the highest attainable score on both the Climate Disclosure Leadership Index and Climate Performance Leadership Index reflects the hard work and dedication on the part of all the Stanley Black & Decker associates who instill sustainable thinking into everything that we do,” said Stanley Black & Decker CEO John Lundgren. “We are committed to continuing our legacy of sustainable practices well into the future.”
Company disclosures to CDP are scored on a scale of 100 for completeness and data quality. High scores indicate that companies provided robust climate data and conveyed a strong understanding of corporate climate-related issues. The companies in the top 10% for disclosure scores are awarded a position on the CDLI. The CPLI showcases companies that receive the highest band of “A” for their climate performance assessment. This year, the S&P 500 CDLI features companies that earned a score of 97 or higher, and CPLI are “A” banded companies.
“Global greenhouse gas emissions continue to rise, and we face steep financial risk if we do not mitigate them,” said Paul Simpson, CEO of CDP. “The need for disclosure of corporate climate change impacts and strategies to reduce them has never been greater.”
“These companies are responding to the ever-growing demand for environmental accountability and helping to inspire others to follow suit.”
Stanley Black & Decker is a global provider of hand tools, power tools, engineered fastening systems, and more. Well-known brands include: STANLEY, BLACK+DECKER, DEWALT, Porter-Cable, Bostitch, Facom, Mac Tools, Proto, Vidmar and Lista. Web: stanleyblackanddecker.com
FIN subsribers can read the last six years of Stanley Black & Decker’s fastener results in the FIN Stock Review section on GlobalFastenerNews.com.
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