The commitment, which includes 250 signatories, is a global initiative of The Ellen MacArthur Foundation and United Nations Environment Programme, which aims to eradicate plastic packaging waste and pollution.
The signatories represent approximately 20 percent of all plastic packaging produced globally.
The Global Commitment target is to eliminate unnecessary and problematic plastics through a circular economy. It aims for plastic packaging targets to be reviewed every 18 months and businesses that sign the commitment will publish annual data on their progress to help drive momentum and ensure transparency.
Stanley Black & Decker, a fortune 500 company and industrial tool manufacturer, has said it intends to make all of its plastic packaging reusable, recyclable or compostable by 2025 and is also aiming to make all of its non-plastic packaging and packaging components reusable, recyclable or compostable by 2025.
Deb Geyer, VP of Vice President of environment, health & safety and corporate social responsibility at Stanley Black & Decker, said: “We believe it is our responsibility as a company to help build a more sustainable world. We believe that a world without plastic pollution is possible, and we are committing to taking action to ensure we are part of that solution.
“This is one clear way that we’re bringing our 2030 Corporate Social Responsibility strategy to life and driving our goal of innovating with purpose.”
Stanley Black & Decker, which has 58,000 employees in more than 60 countries and operates the world’s largest tools and storage business, is the world’s second largest commercial electronic security company.
Its iconic brands include BLACK+DECKER, Bostitch, CRAFTSMAN, DEWALT, FACOM, Irwin, Lenox, Porter Cable and Stanley.
In addition to signing up to the commitment, the company is also looking to stop sending waste to landfills and reduce its carbon footprint.