Stanley Black & Decker, a diversified global provider of power and hand tools, mechanical access solutions, electronic security and monitoring systems, and products and services for industrial applications, was selected as a component of the Dow Jones Sustainability Index for North America for the second year in a row, in recognition of its leadership in economic, environmental and social programs performance.
“Stanley Black & Decker has had a long standing commitment to be an industry leader with how we approach and deliver upon our economic, environmental and social responsibilities and our success on these fronts is driven by the Stanley Fulfillment System, or SFS,” said John Lundgren, president and CEO.
The company's continued application of SFS principles in 2011 produced year-over-year improvements in environmental performance across its more than 120 reporting manufacturing and distribution centers including: a 13-percent reduction in total waste generation, an 18-percent reduction in energy consumption, and an 18-percent reduction in water usage, all normalized to production. Year-over-year improvements in health and safety performance included double-digit reductions in total recordable incident rate and lost time incident rates to 1.2 and 0.4 respectively, alongside the emergence of "I have a safe workplace" as the top scoring category in a 2011 survey of 50,000 employees at more than 700 reporting sites across the globe.
The DJSI World Index was first published in September 1999. It is based on the largest 2,500 companies in the Dow Jones Global Total Stock Market Index. The DJSI World Index reviews the top 10 percent of these companies in terms of economic, environmental, and social criteria, which equals about 300 companies.
To be selected for any index, companies must undergo a thorough analysis of corporate-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. Dow Jones and Zurich-based Sustainable Asset Management Group release the index annually.
Stanley Black & Decker is a diversified global provider of hand tools, power tools and related accessories, mechanical access solutions and electronic security solutions, engineered fastening systems, infrastructure solutions and more.