Stanley Black & Decker has been listed on CDP's S&P 500 Climate Performance Leadership Index (CPLI) for the first time, available in the CDP S&P 500 Climate Change Report 2013.
“Our long-term efforts to reduce our environmental impact have fostered a culture of process innovations that result in quantifiable environmental improvements,” said John F. Lundgren, chairman and CEO of Stanley Black & Decker. “Sustainability is embedded throughout Stanley Black & Decker, and we are creating a company-wide culture that engineers waste out of our processes before it is generated, minimizes energy and water consumption on the design table, and empowers our employees to create the solutions.”
Stanley participated in the CDP climate change program at the request of 722 investors (representing $87 trillion in assets). An 'A band' for climate performance is required for a position on the CPLI, and Stanley was one of 36 S&P 500 companies who made the mark.
The company has also committed to reduce its environmental footprint an additional 15% by 2015.
CPLI is an annual index composed of S&P 500 companies with a demonstrable investment in improving the environment. It is maintained by CDP, a global environmental disclosure organization.