Stanley Black & Decker has ploughed over $10 million dollars into a Covid-19 philanthropic outreach programme to help its communities and employees around the world.
Among the measures is the formation of a global, companywide COVID-19 Community Response Task Force to allocate the company's time, talents, innovation capabilities and other expertise to help mitigate societal COVID-19-related challenges, under the leadership of Mark Maybury, the company's Chief Technology Officer.
The Response Task Force is already working with universities, hospitals, manufacturers and other partners around the globe to apply Stanley’s innovation and expertise to tackle today's challenges. Ongoing projects include 3D face shield printing, innovations in mask technology, and fasteners and battery technology for medical products such as respirators.
Cash and resource dedicated by Stanley will also include:
- $4 million has been directed to COVID-19 focused non-profit organisations, in addition to funds already committed to community-based organisations worldwide.
- $5 million has been placed into a COVID-19 employee emergency relief fund, administered by an independent organization, to provide financial assistance for employees and their families who have been severely and catastrophically impacted by the pandemic.
- Match funding to supplement any employee's personal donations to qualified charitable organisations of their choice
- A purchase of 3 million face masks, as well as large quantities of other personal protective equipment, for front-line healthcare workers and first responders to be allocated to healthcare systems and other organisations in need in the communities in which Stanley operates.
"Throughout this unprecedented period, we remain focused on our number one priority of ensuring the safety and health of our employees, while at the same time continuing to serve our customers, maintaining our financial strength and doing our part to help communities and governments mitigate the effects of the virus," said Stanley Black & Decker President & CEO Jim Loree. "Today's humanitarian and economic crises require everyone to contribute to the best of their abilities. We are seeing the best of humankind, and it is inspiring to see the response by corporations, governments, NGOs, communities and individuals, who are all working together to address these daunting challenges."
Stanley Black & Decker provides critical support for those who keep the world's critical infrastructure running. The company's tools and storage units, engineered fasteners and security solutions are used by the essential health care, first responder, construction, maintenance, transportation, government and medical manufacturing workers.
"I continue to be amazed by the passion and societal commitment of our employees around the globe. Even when faced with their own personal challenges related to COVID-19, as well as new operational challenges, they continue to find impactful ways to live our purpose – For Those Who Make The World — and be a force for good. I am incredibly proud of their efforts. Now, more than ever, the world needs compassion and empathy. Now is the time to be generous.”
To learn more about the company's COVID-19 response efforts, visit: https://www.stanleyblackanddecker.com/covid-19
