Over the past 12 months, Stanley Black & Decker has undertaken a significant business transformation to strengthen our core business in tools, outdoor products, and industrial solutions, allowing us to focus our portfolio and our business on sustainable growth over the long term. We have made meaningful progress by focusing on meeting the needs of our employees, customers, and end users, optimizing our operations, divesting non-core businesses, reducing complexity to enable speed and agility, and investing in innovation and growth. These changes will streamline our operations, simplify our organization, and increase our responsiveness to geopolitical and macroeconomic volatilities. Through our transformation, we are optimizing our operations and our relentless pursuit of meeting stakeholders’ needs, starting with our customers and end users to deliver sustainable growth. We will strive to meet their needs through providing critical support to tradespeople, accelerating our electrification journey throughout our product portfolio, and building a more sustainable, agile, and efficient supply chain. Amid these changes, our commitment to ESG remains central to our success. This includes our longstanding commitment to health and safety, integrity, sustainability, and diversity, equity, and inclusion (DE&I). Focusing on ESG matters is not only integral to being a good corporate citizen but is also key to managing risks and supporting long-term value creation for our stakeholders. Our recent portfolio transformation, including the significant Outdoor acquisitions and the divestiture of our Security and Oil & Gas businesses, has prompted our Company to reassess our ESG strategy and goals. We have updated our ESG targets to align with our more focused Company, while maintaining continuity with our original ESG pillars of people, products, and planet.