Demand for already constrained resources continues to rise as does the economic impact of environmental degradation.
Climate change will potentially cost the global economy $12 trillion by 2050. This represents a debilitating threat to society as well as a business risk for the private sector. Our sustainability initiative no longer simply seeks to reduce negative impact, but to positively impact the environment across our footprint.
Carbon Positive Operations
By 2030, we plan to be carbon positive in our operations on a global basis, meaning our carbon capture is greater than carbon emissions. We are setting science-based carbon reduction targets to guide our efforts, which may include minimizing on-site Scope 1 emissions (fossil fuels), purchasing renewable electricity for Scope 2 operations and generating renewable energy back into the grid.
Sustainable Water Use
We seek to use water sustainably wherever we do business. We are mapping water risks and setting context-based targets that address site-specific concerns in each river basin — important given that water availability and risks are highly localized.
Zero Waste to Landfill
We continue to work towards achieving zero waste to landfill, across our operations. A few of our facilities are already there. This goal applies to our daily direct operations (one-off construction and other events may be excluded). We encourage reuse and recycling in all instances.
U.N. Sustainable Development Goals
SCIENCE BASED TARGETS
Specifically, Stanley Black & Decker aims to reduce Absolute Scope 1 and 2 Greenhouse Gas (GHG) emissions 100% by 2030, using a 2015 base year. Stanley Black & Decker also aims to reduce Scope 3 GHG emissions 35% by 2030, using a 2017 base year. The Scope 3 target covers the emissions from purchased goods and services, and upstream and downstream transportation and distribution.
"A strong commitment to corporate social responsibility is the right thing to do, and is an imperative for companies dedicated to doing their part to help the world grow and thrive. Certification from the Science Based Targets initiative helps give us confidence that the aggressive and aspirational goals we are setting for our company with our new 2030 global CSR plan are putting us on a path to making a difference and creating a more sustainable world."
Jim Loree, President & CEO
A LEADER IN SUSTAINABLE PRODUCTS
Seven Consecutive Years
Five Consecutive Years
Audits in 2017 conducted under our Supplier Sustainability and Social Accountability program
At Stanley Black & Decker, we are committed to transparent reporting of our environment, health and safety results. Using 2015 as a baseline, we set five-year targets to reduce adverse impacts on our people and our planet while improving the sustainability of our products.
AN INVESTMENT IN RENEWABLE ENERGY
In 1925, The Stanley Works built the Farmington River Power Plant that’s still in operation today. Originally, the power was routed to the factory in New Britain to provide renewable energy for a portion of the operations. In the 1990s, the practice of directly feeding the plant was discontinued and now the power is routed back to the grid for energy credits. The plant averages 32 million kilo-watt hours of electricity generation a year, which is enough to power approximately 2000 homes. The Power Plant is a great example of ECOSMART? and a model of sustainability for our company.
“We can all learn from the Farmington River Power Plant as an example of ECOSMART? and investigate projects to source renewable energy either from our sites or from the local utility companies.”
Deb Geyer – Vice President, Environmental Health & Safety and Corporate Social Responsibility