Stanley Black & Decker

Dewalt, Craftsman, Lenox, Irwin, Cub Cadet, Troy-Bilt
Connecticut
Capital Goods

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

Stanley Black & Decker vets vendors according to LGBTQ policies and does not provide its employees with protections against viewpoint discrimination, but has not publicly terminated business relationships based on views or beliefs. The company supports the Equality Act, funds multiple LGBTQ organizations, and mandated racial bias training for all employees. Stanley Black & Decker is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism. However, it has not used its PAC contributions for ideological purposes. For these reasons, Stanley Black & Decker receives a "Medium Risk" rating.

Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level
Rationale

Stanley Black & Decker has not publicly terminated business relationships due to religious beliefs or political views. The company received a score of 100 on the Corporate Equality Index from the Human Rights Campaign (1). Among other requirements, this means the company has pledged to vet vendors based on LGBTQ policies.

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level
Rationale

Stanley Black & Decker states that gift matching will not be used “to fulfill tithes, pledges or other church-related financial commitments” but does not prohibit donations to faith-based charities and organizations (1).

Criteria

Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.

Risk Level
Rationale

Stanley Black & Decker does not protect its employees from viewpoint discrimination (1).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.

Risk Level
Rationale

Stanley Black & Decker signed an open letter in support of the Equality Act (1). The company requires “equity” training for all employees centered around issues of race (2). 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 (3)(4).

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

Stanley Black & Decker is a Bronze sponsor of Out and Equal and a corporate partner of the National LGBT Chamber of Commerce (1)(2). Otherwise, the company has not used corporate dollars to support ideological groups hostile to freedom of expression (3).

Criteria

Uses corporate political contributions for ideological, non-business purposes.

Risk Level
Rationale

Stanley Black & Decker does not use its PAC for ideological purposes (1)(2).

All links were last accessed and all information was updated on:
May 23, 2023

Company reports are intended for educational use only. Full Disclaimer

Voting History

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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