2023 Annual Progress Report for Stanley

What is the OIA Climate Action Corps?

The Climate Action Corps is the outdoor industry’s collaborative model to lead on climate action, with a goal of reducing and removing greenhouse gas emissions across the outdoor industry, carving a new bold path for others to follow.

Climate Action Corps members follow this pathway to reduce their climate impacts

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Measure
our entire GHG footprint

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Plan
by setting science-aligned reduction targets

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Reduce
GHG emissions in line with our targets

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Remove
GHG emissions that you cannot eliminate today

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Advocate + Engage
for policies supporting climate action

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Share
progress each year through this progress report

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Measure

Please indicate your progress in measuring 2023 scope 1 and scope 2 emissions:

We have measured our scope 1 and 2 emissions

Please indicate your progress in measuring 2023 scope 3 emissions:

We have measured scope 3 emissions

Our company’s most recent quantified GHG measurement by scope (in metric tonnes of Co2e):

Scope 1 Emissions in tCO2e (metric tonnes of CO2e) 3
Scope 2 Emissions in tCO2e (metric tonnes of CO2e) 45
Scope 3 Emissions in tCO2e (metric tonnes of CO2e) 90,732

How does your company verify GHG measurements?

Our company is considering verification of GHG measurements

Please indicate whether your company uses spend-based or material-based emissions factors for GHG emissions related to your company's products (and materials).

We use materials-based emissions factors

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Plan

Has your company leadership approved quantitative GHG reduction targets for Scope 1 and 2 emissions?

Yes

Are your scope 1 and 2 targets aligned with SBTi criteria?

Yes

Has your company leadership approved quantitative GHG reduction targets for Scope 3 emissions?

Yes

What type of scope 3 target did your company set?

Absolute

Is your company's scope 3 reduction target aligned with SBTi criteria?

Yes

Please enter your leadership approved quantitative GHG reduction targets:

Stanley's quantitative GHG target is to reduce Scope 1, 2, and 3 greenhouse gas emissions by 50.4% by 2030 from a 2018 baseline. This target is embedded in our parent company's, HAVI Group LP's, validated Science Based Target.

Are your targets verified by the Science-based Targets Initiative?

Yes, they are verified

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Reduce

Has your company established an emissions reduction action plan or roadmap that guides your efforts to achieve your reduction?

Yes

My company has taken the following actions to reduce GHG emissions (please select all that apply):

Improved energy efficiency at our owned/controlled facilities X
Produced or procured renewable electricity (and/or renewable energy credits) for our owned/controlled facilities X
Reduced fuel consumption of company-owned/controlled vehicles by choosing electric vehicles or other alternatives
Reduced onsite use of fuels through electrification or other energy sources for our owned/controlled facilities
Procured renewable fuels (e.g. biogas) for onsite use at our owned/controlled facilities
Adopted the use of refrigerants with low Global Warming Potential (GWP) at our owned/controlled facilities
Engaged with our suppliers about energy efficiency X
Engaged with our suppliers about renewable energy X
Engaged with our suppliers about cleaner thermal processes (e.g. electrification, biomass)
Engaged our suppliers about measuring their GHG emissions X
Changed our company's products and materials to alternatives with lower-GHG footprint X
Reduced materials waste in the design and/or manufacturing of our products
Designed our products to be more energy efficient during use
Implemented company policies to reduce impacts of business travel
Reduced packaging and/or changed our packaging to alternatives with lower-GHG footprint X
Reduced impacts of inbound distribution (transportation modes, logistics, packing density)
Reduced impacts of outbound distribution (transportation modes, logistics, packing density)
Designed products for repair-ability and offered repair services
Bought back and re-sold (or facilitating the resale of) used products
Offered product leasing/renting or subscription programs
Moved our company website to a green host
Collaborated with other companies to accelerate the adoption of renewable energy X
Reduced single-use company swag
None of the above
Other (please describe)

Has your company made measurable progress toward your emissions reduction targets?

Yes

Please provide your company's real (quantitative) reduction in tCO2e:

In 2023, Stanley reduced global emissions by 31,000 metric tons CO2e, a reduction of 26% compared to prior year. This was achieved primarily through replacement of virgin materials with recycled materials and an increase in renewable electricity sourcing by third-party manufacturing facilities.

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Remove

Did your company invest in carbon removal or credits to “offset” all or a portion of its carbon emissions in 2023?

No

What actions did your company take in 2023 to offset its carbon emissions? (Select all that apply)

Our company purchases carbon offsets for a portion of our footprint. X
Our company purchases carbon offsets for our entire footprint
Our company directly invests in carbon removal or sequestration.

Other (please specify)

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Advocate + Engage

Did your company advocate and/or engage in climate action in 2023?

Yes

What actions did your company take to advocate and/or engage? (Please select all that apply)

Endorsed a climate solutions campaign or sign-on letter
Corresponded directly with U.S. Congress or administration officials
Participated in a government meeting, such as OIA's virtual or in-person D.C. fly-in events
Provided our customers with opportunities to advocate
Supported advocacy groups through donations or membership
Empowered consumers to take action on climate
Recognized and rewarded climate-leading actions with our suppliers X
Participated in collaborative industry programs to reduce GHG emissions in the supply chain X
Other (please specify below)
Other (please describe)
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Share

Indicate your company's public exposure on climate action (Please choose all that apply):

Our company's GHG measurements are publicly available X
Our company's GHG reduction targets are publicly available X
Our company's GHG reduction strategy is publicly available X
Our company's progress against GHG targets is publicly available X

Please provide links for the following publicly available information about your efforts to reduce GHG

Our company's GHG measurements are publicly available https://www.stanley1913.com/pages/sustainability
Our company's GHG reduction targets are publicly available https://www.stanley1913.com/pages/sustainability
Our company's GHG reduction strategy is publicly available https://www.stanley1913.com/pages/sustainability
Our company's progress against GHG targets is publicly available https://www.stanley1913.com/pages/sustainability

Do you have any additional details to share publicly about your company's efforts to address climate change?

Stanley releases and annual Impact Report covering our progress on multiple topics, including our effort’s to address climate change. The 2024 Impact Report is available at: Stanley_Impact_Report_2024_-_FINAL.pdf (shopify.com).