Stanley Black & Decker Named To Forbes Best Employers For Women 2020

NEW BRITAIN, Conn., July 28, 2020 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) has been named in Forbes' annual list of America's Best Employers for Women 2020, ranking #1 in the "Semiconductors, Electronics, Electrical Engineering, Technology Hardware & Equipment" category. In addition, Stanley Black & Decker recently received accolades from Comparably, a top career website, which named the company to its lists of Best CEOs for Diversity and for Women, Best Leadership Teams and Best Companies for Professional Development.

Stanley Black & Decker (PRNewsfoto/Stanley Black & Decker)

"In addition to simply being the right thing to do, research has consistently demonstrated that companies with diverse and inclusive cultures perform better," said Stanley Black & Decker President and CEO Jim Loree. "The value of bringing in a range of perspectives into decision making is core to our high-performing, innovative and purpose-driven culture and we have seen the benefits of this first hand during the global pandemic. We know there is still much work to be done and we are for those who demand justice, take a stand for equality and commit to inclusivity for all."

Stanley Black & Decker has taken a number of steps to advance its diversity and inclusion efforts, including supporting nine employee resource groups (including a Women's Network), joining the Paradigm for Parity Coalition to address the gender gap in corporate leadership and signing on to the CEO Action for Diversity & Inclusion. The company has also participated in the Business Roundtable Diversity & Inclusion Index, where the largest U.S.-based employers are committed to building a more inclusive environment. This spring, the company also supported the UN Foundation's celebration of International Women's Day with their #EqualEverywhere campaign.

To learn more about Stanley Black & Decker's diversity and inclusion strategy, please visit: https://www.stanleyblackanddecker.com/social-responsibility/diversity-inclusion

About Forbes Best Employers for Women

More than 75,000 U.S. employees—45,000 of which are women—participated in the independent survey focused around issues relevant to women in the workplace, including parental leave, family support, flexibility, discrimination, representation, career and pay equity. Additionally, participants were asked to evaluate other employers in their respective industries that stand out either positively or negatively with regards to gender issues, from which only the recommendations of women were considered.

About Comparably's Best Places to Work Awards

Comparably Awards are derived from sentiment ratings provided by employees who anonymously rate their employer throughout the year. Winners are determined based on a series of 50+ structured and comprehensive workplace questions in nearly 20 core culture categories, including: Compensation, Leadership, Professional Development, Work-Life Balance, and Perks & Benefits.

About Stanley Black & Decker:

Stanley Black & Decker is a purpose-driven, $14 billion revenue industrial organization. Stanley Black & Decker has 60,000 employees in more than 60 countries and operates the world's largest tools and storage business, the world's second-largest commercial electronic security services company, a leading engineered fastening business as well as Oil & Gas and Infrastructure businesses. The company's iconic brands include Black & Decker, Bostitch, CRAFTSMAN, DEWALT, FACOM, Irwin, Lenox, Porter Cable and Stanley. Stanley Black & Decker is a company for the makers and innovators, the craftsmen and the caregivers, and those doing the hard work to make the world a better place. Learn more at www.stanleyblackanddecker.com.

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SOURCE Stanley Black & Decker

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