Stanley Black & Decker
Corprate Bias Ratings
Risk Level:
Summary:
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.
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.
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.
Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.
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).
Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.
Stanley Black & Decker does not protect its employees from viewpoint discrimination (1).
Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.
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).
Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.
All links were last accessed and all information was updated on:
May 23, 2023
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Voting History
| Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
|---|---|---|---|---|---|
| 4/21/23 | Governance | John Chevedden | Shareholder Ratification of Termination Pay | Against | 12.80% |
| 4/22/22 | Governance | John Chevedden | Special Meetings - Reduce Ownership Req. to 10% | Against | 48.10% |