Stanley Black & Decker Confronts Boycott Over DEI Initiatives
Daily Mail that Black & Decker’s “sole priority should be providing their customer base, professionals and DIYers alike, with the best tools and equipment possible.”“Companies need to focus on serving their customers, not woke politicians,” he said.Consumers’ Research claims Stanley Black & Decker has been prioritizing “race-based hiring, DEI goals, and ESG [environmental, social, and governance] policies” internally, accusing them of hiring and promoting — allegedly at the expense of white employees — people based on racial, religious, or other characteristics, as reported by the right-wing website BizPac Review.The boycott comes at a time when the company has seen its stock value plummet in recent months, and is currently in the process of shuttering plants and distribution hubs to help turn a profit.According to Consumers’ Research, Black & Decker aims to increase business with minority suppliers by at least 10 percent by 2025. The company also plans to donate at least $10.5 million to “racial equity-related organizations” by 2025, and to require compulsory “equity training” sessions for executives.Conservatives also object to the company’s participation in the Human Rights Campaign’s “Corporate Equality Index,” an annual survey that ranks companies based on their LGBTQ-inclusive nondiscrimination policies and employee benefit policies for same-sex couples, LGBTQ-headed families, and transgender individuals.Stanley Black & Decker earned a 100% rating on the CEI last year for policies like intersectionality training and “gender transition guidelines,” and LGBTQ-affirming employee benefit policies.