Our ESG Product Framework | Stanley Black & Decker

Rivai H Tukimen

Groundbreaking improvements and a continuous stream of novel options have pushed our success and can proceed to take action.

Harnessing our strengths, we develop new services that fulfill crucial societal wants and assist construct a greater, stronger, extra sustainable world.

Our ESG technique advances with the assumption, and the confirmed expertise, that enterprise methods and product improvements that create societal worth can help income and profitability development. We name this development with function.

 

In alignment with the SDGs, our merchandise are aimed toward being a power for good on the planet — serving to folks climb out of poverty and enabling secure and rewarding work, enhancing the setting, constructing and sustaining very important infrastructure, and making our cities extra sustainable, particularly when produced with accountable consumption in thoughts. The SDGs famous mirror the objectives of the pillar and never the precise product outputs. SDG 9 covers innovation – and we purposefully use sustainability as an inspiration for innovation. SDG 12 relates on to our deal with round design and fostering a sustainable provide chain. SDG 17 displays the partnerships we’re forging with startups and different corporations to drive sustainable enhancements in our merchandise and their impression upon the world.

 


We work to innovate merchandise that enhance environmental impacts, with the next objectives:

 

  • Improve the lives of 500 million folks with merchandise that meet societal wants
  • Handle product lifecycle and packaging impression
  • Be certain that two-thirds of our provide chain set science-based targets

Guiding our evolution, now we have established a brand new enterprise unit strategic framework to speed up the creation and bringing to market of ESG-oriented merchandise. This consists of new classifications of ESG-inspired merchandise that ship incremental enhancements to the market.

 

Environmental

For merchandise making direct enhancements in environmental impression, in classes equivalent to electrification; power effectivity; round financial system; air pollution prevention and management; clear transportation; inexperienced buildings; local weather change resiliency; sustainable administration of dwelling pure sources and land use; sustainable water and wastewater administration; and, safety of coastal, marine and watershed environments.

Social

For merchandise that promote and safeguard varied facets of the social good equivalent to private security; shelter; diet and primary medical care; water and sanitation; entry to data, data and communications; well being and wellness; private rights, freedom and selection; and, inclusiveness.

Product With Goal

A particular designation is reserved for ESG-inspired merchandise that maintain the potential for game-changing impression: “Product With Goal.” This designation is reserved for merchandise which are new and show a stage of innovation better than incremental innovation – a step-change ahead in delivering enhancements in environmental and/or social facets.

Impressed by our function, we’re actively working to make the world extra sustainable by means of our revolutionary services. Via our work, we intention to enhance the environmental and societal impacts of our merchandise throughout their lifecycle, together with design, use and finish of life.

Our “Merchandise With Goal” are outlined as:

  1. Contributing to U.N. Sustainable Growth Purpose targets.
  2. Addressing unmet societal wants throughout the Social Progress Index
  3. Attaining a stage of innovation that exceeds incremental enchancment

The supplies and elements used to assemble our merchandise account for a big portion of the overall emissions footprint related to our enterprise. Our technique is to establish and incorporate higher supplies that ship the performance we’re in search of with decrease impression. We’re beginning with procuring increased ranges of recycled content material within the supplies we already buy however are additionally open to new materials choices.

Stanley Ventures has sought out and invested in corporations centered on bringing varied sustainable supplies and processes to market.

  • Boxologic, a Massachusetts-based producer of a robotic instant-size packaging manufacturing utilizing cutting-edge know-how for eCommerce achievement.
  • OCCO, a New York-based supplier of natural spices and sustainable, aluminum meals packaging.
  • Dynamic Green Products (DGP), a Texas-based supplier of extra sustainable lubricants, cleaners and absorbents, together with our lately launched hand sanitizer.
  • Prieto Battery, a Colorado-based producer driving innovation in additional sustainable 3D solid-state lithium-ion battery know-how.

With an ever-expanding portfolio of cordless merchandise throughout our manufacturers, we proceed to help intensive, environmentally pleasant battery recycling applications. Via our founding partnership with Call2Recycle, we offer shoppers an easy technique to take part in revolutionary, sustainable initiatives that keep away from batteries being consigned to landfills. In 2020, Call2Recycle responsibly recycled 8.4 million pounds of batteries throughout the U.S., an 11% improve from 2019.


 

Stanley Black & Decker has joined Greentown Labs, North America’s largest climatetech incubator, as its latest Terawatt Companion – the very best stage of engagement with the incubator. The partnership facilitates our skill to have interaction straight with the startup neighborhood to speed up climatetech improvements to make tangible constructive impacts towards local weather change. We additionally acquire entry to curated startup pitch days with improvements from rising know-how sectors and acquire a seat on Greentown’s Advisory Board. Dina Routhier, President of STANLEY Ventures, will serve on the Advisory Board for 2021. A novel component of the partnership – and a powerful addition to the Greentown neighborhood – is the Stanley Black & Decker Instrument Store that we’re establishing on-site at Greentown’s headquarters in Somerville, Massachusetts. This store’s donated instruments and gear shall be made accessible to Greentown’s neighborhood of greater than 100 climatetech startups, and we’ll present coaching to Greentown’s entrepreneur-makers to make sure a seamless and secure consumer expertise. Study extra about our partnership


 

https://www.stanleyblackanddecker.com/social-responsibility/product

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