NEW BRITAIN, Conn., Nov. 24, 2015 /PRNewswire/ -- Stanley Black & Decker (NYSE:SWK) has been identified as a U.S. and global leader by the CDP, the international nonprofit organization that supports sustainable economies. Globally, Stanley Black & Decker was named to the Climate "A" List for its actions and strategies in response to climate change. In addition, Stanley Black & Decker was awarded a position on the S&P Climate Disclosure Leadership Index (CDLI) recognizing the quality of climate related data that is disclosed to investors and the global marketplace.
Stanley Black & Decker is among 113 companies to be awarded a position on the Climate A List in recognition of its actions to reduce emissions and mitigate climate change in the past reporting year. Thousands of companies submit annual climate disclosures to CDP for independent assessment against its scoring methodology, and this year only 5% have been awarded a position on the Climate A List.
Additionally, only the top 10% of these organizations constitute the top-graded companies in the CDLI. Stanley Black & Decker has gained a top score of 100A on this list, which indicates the highest level of transparency in the disclosure of climate change-related information. In turn, this provides investors with a level of comfort to assess corporate accountability and preparedness for changing market demands and emissions regulation.
"At Stanley Black & Decker we are committed to improving the sustainability of our operations, our products, and our communities while helping our suppliers and our customers to do the same," said John F. Lundgren, Chairman & CEO, Stanley Black & Decker. "We call this ECOSMART, and it means we are advancing global stewardship principles across our entire value chain. We are honored to once again be recognized for these efforts as signified by our inclusion in CDP's Climate A List and the Climate Disclosure Leadership Index."
The Climate A List and CDLI were released in CDP's annual global climate change report yesterday, two weeks ahead of COP21, the UN Climate Change Conference, where national leaders meet to agree on a global deal to reduce carbon emissions and limit temperature warming. The report tracks five years of progress from the world's largest listed companies. It reveals the extent to which corporations have shifted their strategies over the past five years to become part of the solution to the climate challenge.
CDP's Executive Chairman and Co-Founder, Paul Dickinson said, "The influence of the corporation is mighty. We congratulate the A List companies that are illuminating the path to a low carbon future through their climate leadership. The momentum of business action on climate change suggests we are reaching a tipping point, where companies are poised to achieve their full potential. They need ambitious policy at both a national and international level that will support them in this regard and will catalyze participation from industry at scale."
About Stanley Black & Decker
Stanley Black & Decker, an S&P 500 and FORTUNE 500 company, is the world's leading provider of tools and storage, the world's second-largest commercial electronic security company, and a leading engineered fastening systems provider, with unique growth platforms in the Oil & Gas and Infrastructure industries. Well-known brands include: STANLEY, BLACK+DECKER, DEWALT, Porter-Cable, Bostitch, Facom, Mac Tools, Proto, Vidmar, Lista, and more. Learn more at www.stanleyblackanddecker.com.
For Stanley Black & Decker
Logo - http://photos.prnewswire.com/prnh/20150416/199180LOGO
Photo - http://photos.prnewswire.com/prnh/20151124/290708
Photo - http://photos.prnewswire.com/prnh/20151124/290722
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/stanley-black--decker-is-recognized-as-a-national-and-world-leader-for-corporate-action-on-climate-change-300184103.html
SOURCE Stanley Black & Decker