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Stanley Black & Decker Recognized by CDP as S&P 500 Leader for Climate Change Transparency and Corporate Action on Climate Change

NEW BRITAIN, Conn.--(BUSINESS WIRE)--Sep. 24, 2014-- Stanley Black & Decker (NYSE: SWK) announced today that it has been recognized as a leader among S&P 500 companies by the environmental non-profit CDP. Stanley Black & Decker was recognized 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.

CDP, the world’s only global environmental disclosure system, announced Stanley Black & Decker’s leadership status today in the CDP S&P 500 Climate Change Report 2014, which 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, consisting of the highest band of “A” for their climate performance assessment and a 100 for their climate disclosure assessment.

Stanley Black & Decker 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 CDP’s S&P 500 Climate Disclosure Leadership Index (CDLI) and the 2nd year on CDP’s S&P 500 Climate Performance Leadership Index (CPLI). The CDLI spotlights companies that have demonstrated 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. The CPLI identifies companies that have demonstrated a 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 Chairman & CEO John F. Lundgren. “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.”

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, Chief Executive Officer of CDP. The need for disclosure of corporate climate change impacts and strategies to reduce them has never been greater. For this reason, we congratulate those businesses that have achieved a position on CDP’s S&P 500 Climate Disclosure Leadership Index and CDP’s S&P 500 Climate Performance Leadership Index. These companies are responding to the ever-growing demand for environmental accountability and helping to inspire others to follow suit.”

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. Well-known brands include: STANLEY, BLACK+DECKER, DEWALT, Porter-Cable, Bostitch, Facom, Mac Tools, Proto, Vidmar, Lista, and more.

About CDP

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 767 institutional investors with assets of US$92 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.

Source: Stanley Black & Decker

Stanley Black & Decker, Inc.
Tim Perra, 860-826-3260
Vice President, Communications
Tim.perra@sbdinc.com