Stanley Black & Decker Commits Financial Support and Expertise to Benefit Communities and Employees During COVID-19 Pandemic
$4 millionin financial contributions directed by the company to COVID-19 focused nonprofit organizations, in addition to funds already committed to community-based organizations across the globe; $5 millionfor a COVID-19 employee emergency relief fund, administered by an independent organization, to provide financial assistance for employees and their families who have been severely and catastrophically impacted by the pandemic. This fund will be available to all employees who wish to make personal contributions, as well;
- Enhancements to our company matching program, specifically doubling the match amount to supplement any employee's personal donations to qualified charitable organizations of their choice, including, but not limited to, the new COVID-19 employee emergency relief fund;
- A purchase of 3 million face masks, as well as large quantities of other personal protective equipment, for front-line healthcare workers and first responders to be allocated to healthcare systems and other organizations in need in the communities in which we operate; and
- The formation of a global, companywide
COVID-19 Community Response Task Forceto allocate the company's time, talents, innovation capabilities and other expertise to help mitigate societal COVID-19-related challenges, under the leadership of Mark Maybury, the company's chief technology officer.
"Throughout this unprecedented period, we remain focused on our number one priority of ensuring the safety and health of our employees, while at the same time continuing to serve our customers, maintaining our financial strength and doing our part to help communities and governments mitigate the effects of the virus," said
"I continue to be amazed by the passion and societal commitment of our employees around the globe. Even when faced with their own personal challenges related to COVID-19, as well as new operational challenges, they continue to find impactful ways to live our purpose – For Those Who Make The World — and be a force for good. I am incredibly proud of their efforts. Now, more than ever, the world needs compassion and empathy. Now is the time to be generous," added Loree.
To learn more about the company's COVID-19 response efforts, visit: https://www.stanleyblackanddecker.com/covid-19
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Shannon Lapierre, Vice President, Communications & Public Relations, Shannon.Lapierre@sbdinc.com, 860-259-7669; Abigail Dreher, Director, Public Affairs, Abigail.Dreher@sbdinc.com, 860-922-4598