Stanley Black & Decker is a leading global provider of tools, security solutions, and industrial products. Founded in 1843, the company has a long history of innovation and has been at the forefront of the tools industry for over a century. Today, the company operates in more than 100 countries and has over 60,000 employees worldwide.

Stanley Black & Decker is committed to sustainability and decarbonisation, and has set ambitious goals to reduce its carbon footprint and transition to renewable energy. The company has a comprehensive sustainability strategy that focuses on four key areas: energy and climate, materials and waste, water and ecosystems, and social impact.

One of the key initiatives in the company's sustainability strategy is its corporate energy program, which aims to reduce energy consumption and greenhouse gas emissions across its operations. The program includes a range of energy efficiency measures, such as upgrading lighting systems, installing energy-efficient equipment, and implementing building automation systems.

In addition to its energy efficiency efforts, Stanley Black & Decker is also investing in renewable energy. The company has set a goal to source 100% of its electricity from renewable sources by 2030, and is pursuing a range of renewable energy projects to achieve this goal. One of the key strategies the company is using to achieve this goal is corporate power purchase agreements (PPAs).

Corporate PPAs are long-term contracts between a company and a renewable energy developer, under which the company agrees to purchase a fixed amount of renewable energy at a fixed price over a specified period of time. By entering into these agreements, companies like Stanley Black & Decker can secure a reliable and cost-effective source of renewable energy, while also supporting the development of new renewable energy projects.

Stanley Black & Decker has already signed several corporate PPAs for wind and solar energy, and is actively exploring additional opportunities to expand its renewable energy portfolio. The company is also investing in on-site renewable energy projects, such as solar panels and wind turbines, at its facilities around the world.

In addition to its energy and climate initiatives, Stanley Black & Decker is also focused on reducing its environmental impact in other areas. The company has set a goal to achieve zero waste to landfill by 2030, and is implementing a range of waste reduction and recycling programs to achieve this goal. The company is also working to conserve water and protect ecosystems, and has set a goal to reduce water consumption by 25% by 2025.

Finally, Stanley Black & Decker is committed to making a positive social impact in the communities where it operates. The company has a range of programs and initiatives focused on promoting diversity and inclusion, supporting education and workforce development, and giving back to local communities through volunteerism and charitable giving.

Overall, Stanley Black & Decker is a leader in the tools industry and a strong advocate for sustainability and decarbonisation. Through its corporate energy program, corporate PPAs, and other sustainability initiatives, the company is making significant progress towards its goal of reducing its environmental impact and transitioning to renewable energy. As the world continues to grapple with the challenges of climate change, companies like Stanley Black & Decker will play a critical role in driving the transition to a more sustainable and resilient future.