Search SWK $187.58 (-0.00%) WHO WE ARE OUR BUSINESSES SOCIAL RESPONSIBILITY NEWS INVESTORS CAREERS CONTACT RESPONSIBLE SOURCING SUSTAINABILITY IN OUR SUPPLY CHAIN HomeSocial ResponsibilityResponsible Sourcing SHARE We are committed to conducting business with the highest ethical standards. And that’s never been more important than in today’s competitive and rapidly changing global business climate. We’re actively working to make the world more sustainable through our innovative products and services. Through our work, we aim to improve the positive, societal impacts of our products across their lifecycle, including design, use and end of life. Our commitment to sustainability is also embedded into our supply chain. We partner with our suppliers to maintain a world-class, integrated supply chain, while supporting their pursuit of continuous improvement and operational excellence. At the same time, we expect our suppliers to meet the highest standards of quality, ethics and sustainability as outlined in our Stanley Black & Decker Supplier Handbook. SUPPLIER DIVERSITY Stanley Black & Decker is committed to developing a diverse supply chain that contributes to a successful and sustainable businesses. Through inclusive procurement practices we can create long-term value for our clients, while helping us remain agile and ahead of the market. These practices help make a positive impact to the communities we and our suppliers represent. Learn more about our supplier diversity program SUSTAINABLE SUPPLY CHAIN We aspire to source our raw materials, finished goods, components and services from suppliers that meet our evolving sustainability criteria. We are committed to working with our suppliers of products, goods and services to reduce supply chain emissions by 35% by 2030. We continue to assess all of our new suppliers for adherences to our social and environmental expectations. In 2020, 100% of new suppliers in high risk areas were audited. At Stanley Black and Decker it’s important that our key suppliers are included in our supply chain process. Over the years we have engaged a large number of suppliers to take part in the Carbon Disclosure Project (CDP) and in 2020 many of our suppliers submitted to CDP for the first time. In 2020 our CDP Supplier Response Rate was 69%. SUPPLIER SUSTAINABILITY AUDITS SUPPLY CHAIN EMISSION REDUCTIONS CDP PARTICIPATION CODE OF BUSINESS ETHICS This code applies to all of us – employees, officers, directors, contractors, vendors and suppliers. Our managers and board members annually acknowledge their understanding of this code and its tenets. Learn more about our Code of Business Ethics DOCUMENTS For suppliers doing business with us, please read or download the following: CALIFORNIA TRANSPARENCY IN SUPPLY CHAIN ACT Stanley Black & Decker is actively committed to eradicating human trafficking and slavery from its supply chain. CONFLICT MINERALS Stanley Black & Decker is committed to taking all reasonable steps to comply with the legislation and has begun the process of determining where conflict minerals exist without our supply chain. MODERN SLAVERY TRANSPARENCY STATEMENT This statement summarizes steps taken by the U.K. subsidiaries of Stanley Black & Decker, Inc to insure that modern slavery and human trafficking in any form is not taking place in our organization, supply chains or in any part of our business. SUPPLY CHAIN SPEND ANALYSIS We partner with our suppliers to maintain a world-class, integrated supply chain, while supporting their pursuit of continuous improvement and operational excellence. ESG INTEGRATION IN SUPPLY CHAIN MANAGEMENT STRATEGY We’re working to make sure our raw materials, finished goods, components and services come from suppliers that meet our evolving sustainability criteria. SUPPLIER HANDBOOK This document communicates our standards and expectations to our potential and existing suppliers, it relays our culture and values, informing on Commercial Guidelines featuring the Supplier Code of Conduct and Operating and Design Guidelines defining quality requirements. The Handbook strengthens the communication and direction between Stanley Black & Decker and its supply base. PROCUREMENT POLICY Responsible expenditure of Stanley Black and Decker funds requires the proper consideration of price, quality, reliability, and data security, as well as consistent service and delivery terms. 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