Stanley Black & Decker

Dewalt, Craftsman, Lenox, Irwin, Cub Cadet, Troy-Bilt
New Britain, Connecticut
Household and Personal Products

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

Stanley Black & Decker fired an employee in 2023 after she complained about biased treatment based on race. Stanley Black & Decker scored a 100 out of 100 on the 2023-2024 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, Stanley Black & Decker increases the risk of dividing employees, alienating customers and harming shareholders. The company provides a benefits package for employees which covers transgender medical procedures for covered employees and dependents, including children. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. Stanley Black & Decker forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. The company requires "equity" training and mandates unconscious bias training for all employees centered around issues of race. Stanley Black & Decker supports the Equality Act, a controversial bill. CEO Donald Allan Jr. is a member of the Business Roundtable, and Former CEO James M. Loree signed its 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism over traditional obligations to shareholders and customers. Stanley Black & Decker’s CEO, Don Allan, signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace. The company is also a Bronze sponsor of Out and Equal and a corporate partner of the National LGBT Chamber of Commerce. Stanley Black & Decker lobbied for the Equality Act. For these reasons, Stanley Black & Decker receives a High Risk rating.

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Board Bias

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CEO of Stanley Black & Decker

Donald Allan, Jr.

Donald Allan, Jr.

Summary:

Headquartered in New Britain, Connecticut, Stanley Black & Decker is a member of the Fortune 250 operating in the Household and Personal Products industry. Donald Allan, Jr. and Andrea J. Ayers serve as CEO/President and Chairman, respectively, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $0 to Republican causes and $9,636 to Democratic causes. Under their tenure, Stanley Black & Decker currently holds a 'High Risk' risk rating.

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Political Contributions of Leadership:

$0

$9,636

Republican

Democrat

Shareholder Proposals

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Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
4/21/23GovernanceJohn CheveddenShareholder Ratification of Termination PayAgainst12.80%
4/22/22GovernanceJohn CheveddenSpecial Meetings - Reduce Ownership Req. to 10%Against48.10%
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