Highlights progress toward the company’s 2030 sustainability goals Presents notable leadership in DEI
AKRON, Ohio, June 7, 2022 /PRNewswire/ — Signet Jewelers Limited, the world’s largest diamond jewelery retailer, today released its FY2022 Corporate Citizenship and Sustainability Report, which highlights the progress the company is making towards its 10-year Corporate Sustainability goals. Signet’s holistic focus on its three loves – team members, people, planet and products – includes comprehensive environmental, social and governance (ESG) data leveraging the standards of the Sustainability Accounting Standards Board (SASB).
“I am proud of the strong progress we are consistently making toward our 2030 goals,” said Signet Jewelers CEO Virginia C. Drosos. “As we continue to increase our sustainability efforts, our purpose of inspiring love and our three loves are not only sources of pride, but also drivers of action and impact.” She added: “Our progress at DEI over the past four years is particularly notable given that 76% of Signet’s Store Assistant Managers and above are women, as well as 42% of Signet’s VPs and above, laying the foundation for our recognition in Bloomberg Gender -Equality Index four years in a row.”
In addition to its own framework, Signet is a member of the UN Global Compact, which reflects the company’s longstanding commitment to responsible, ethical business practices and compliance with the ten principles of the UN Global Compact on human rights, labour, the environment and anti-corruption.
“Our goal – our very reason for being – is Inspiring Love. This focus ignites our entire team and guides our Corporate Sustainability Goals. By collaborating with our Signet colleagues and our global partners, we are taking action ourselves while driving positive change in the jewelry industry and as advocates for a better world,” he added Colleen RooneyChief Communications & ESG Officer, Signet Jewelers.
background and progress
In 2021, Signet announced its 2030 Corporate Sustainability Goals, which deepened the company’s commitment to leadership as a purpose-driven and sustainability-focused organization. Signet has set a total of 44 Corporate Sustainability Goals with the goal of achieving three of them in the past year:
Established the Signet Love Inspires Foundation, which focuses on underserved women and children and advocates for social change;
Alignment of Signet Love Inspires Foundation grant policies with the United Nations Sustainable Development Goals to meaningfully measure Signet’s impact in solving the world’s most pressing problems; and
increase in Signet’s base salary $15/hour by Spring 2022 in the US. (Completed earlier than planned in Q3 FY22)
Signet organizes its sustainability efforts within a framework it calls its “Three Loves”: love for all people, love for our team, and love for our planet and our products. In the past year, Signet has made significant progress and strengthened the company’s impact in all three pillars:
Love for all people: Inspiring love into the world through marketing, charitable donations and participation in social advocacy as a signet and through its ten consumer facing banners. Since beginning her 23-year partnership with St. Jude Children’s Research Hospital®, Signet has almost grown up $89 million for the organisation. Signet also recently announced that it was suspending business relationships with Russian-owned companies in response to the crisis in Russia Ukraine.
Love for our team: Increased focus on being an employer of choice for all, including underrepresented populations, and highlighting the significant presence of women in Signet’s leadership team. Signet is a twice Great Place to Work-Certified™ company and has also been included in the Bloomberg Gender-Equity Index for four consecutive years – the only jewelry specialty retailer in the index. In addition, Signet reports against the Human Rights Campaign Foundation’s Corporate Equity Index, the national benchmarking tool of company policies, practices and performance for lesbian, gay, bisexual, transgender and queer employees.
Love for our planet and our products: Defining Signet’s commitment to business practices and policies to combat human rights, climate change and commitment to advancing the circular economy. In 2021, Signet has recovered and resold over 120,000 carats of diamonds and 89% of all Signet jewelery has been sourced from members of the Responsible Jewelery Council (RJC).
To view Signet’s full 2022 Corporate Citizenship and Sustainability Report, Click here.
ABOUT SEAL JEWELERS
Signet Jewelers Limited is the world’s largest diamond jewelery retailer. As a purpose-driven and sustainability-focused company, Signet is a participant in the United Nations Global Compact and adheres to its principle-based approach to responsible business. Signet is a Great Place to Work–Certified™ company and has been included in the Bloomberg Gender-Equality Index for four consecutive years. Signet operates approximately 2,800 stores primarily under the brand names Kay Jewelers, Zales, Jared, Banter by Piercing Pagoda, Diamonds Direct, JamesAllen.com, Peoples, H. Samuel, Ernest Jones and jewelry subscription service Rocksbox. For more information about Signet, visit www.signetjewelers.com.
See also www.kay.com, www.zales.com, www.jared.com, www.banter.com, www.diamondsdirect.com. www.jamesallen.com, www.peoplesjewellers.com, www.hsamuel.co.uk, www.ernestjones.co.uk and www.rocksbox.com.
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SOURCE Signet Jewelers Ltd.