NEW BRITAIN, Conn., Sept. 26, 2016 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) has been selected as a component of the Dow Jones Sustainability Index (DJSI) for North America for the sixth consecutive year.
Stanley Black & Decker's overall score increased from 75 last year to 77 this year, which places the company in the 83rd percentile of the DJSI.
To be selected for the Index, companies undergo a thorough analysis of company-wide economic, environmental and social performance, assessing issues such as corporate governance, risk management, customer relationship management, product stewardship, supply chain standards and labor relations.
"At Stanley Black & Decker, we appreciate the importance of Social Responsibility and constantly strive to increase our positive impact on society in every way possible," said Jim Loree, President & CEO. "Our continued inclusion on the DJSI exemplifies the Company's commitment to objectively assess and take responsibility for our environmental and social impact. We are honored to once again be acknowledged for these efforts by the DJSI."
Companies are selected according to a systematic assessment that identifies the sustainability leaders in each of 57 industries. The research methodology for the Index includes general and industry-specific sustainability trends. Corporations are evaluated based on a variety of criteria including climate change strategies, energy consumption, human capital development, knowledge management, stakeholder relations and corporate governance.
Stanley Black & Decker remains categorized under the Machinery and Electrical Equipment sector (IEQ). In this sector, Stanley Black & Decker scored within the highest percentile under Customer Relationship Management, Strategy for Emerging Markets, Climate Strategy, and Human Capital Development. Meanwhile, Stanley Black & Decker's most improved achievements this year were in the following categories - Customer Relationship Management, Environmental Reporting, Corporate Citizenship and Philanthropy, and Social Reporting.
The DJSI for North America launched in September 2005 and reviews the top 20% of the 600 largest companies in the United States and Canada in terms of economic, environmental, and social criteria.
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.
About Dow Jones Sustainability Indices
The DJSI family is offered cooperatively by RobecoSAM Indices and S&P Dow Jones Indices. The family tracks the stock performance of the world's leading companies in terms of economic, environmental and social criteria. The indices serve as benchmarks for investors who integrate sustainability considerations into their portfolios, and provide an effective engagement platform for companies who want to adopt sustainable best practices.
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SOURCE Stanley Black & Decker