HAMILTON, Bermuda, April 17, 2017 /PRNewswire/ -- Signet Jewelers
Limited ("Signet") (NYSE: SIG), the world's largest retailer of
diamond jewelry, today released a Corporate Social Responsibility
(CSR) Report that benchmarks the Company's industry-leading
responsible sourcing and global CSR initiatives.
The Signet Corporate Social Responsibility Report focuses on
Signet's four key pillars: People, Responsible Sourcing,
Environmental Stewardship and Corporate Giving. This is the
Company's first formal CSR Report.
"We are committed to ensuring our jewelry is sourced and made
responsibly, we continue our long tradition of giving back to the
communities in which we live and work, we incorporate
environmentally responsible best practices; and we champion our
Team Members," said Mark Light,
Chief Executive Officer of Signet Jewelers.
Eugenia Ulasewicz, Signet Board
Member and 2017 Incoming Chair of the CSR Board Committee said, "I
would like to thank Dale Hilpert for
all that he accomplished as Chair of Signet's CSR Board Committee
over the last three years that made this report possible. For
Signet, our tradition of corporate social responsibility has always
been about doing the right thing for all of our stakeholders. This
is a part of our Core Values. We firmly believe that CSR makes our
business stronger and more sustainable over the long-term."
Key highlights from Signet's CSR Report include:
Responsible Sourcing
- Signet leads the industry as 1 of 4 US companies to have
reported a conflict-free gold supply chain for 3 consecutive years
to the SEC, as verified through independent audits.
- In 2016, the Company launched the Signet Responsible Sourcing
Protocol for Diamonds, requiring suppliers to be in full auditable
compliance in 2017. The Protocol is another protection to ensure
due diligence on the source of all diamonds delivered to
Signet.
- Signet continues to work with industry, governments, trade
associations and NGOs to drive change and ensure supply chain
integrity.
Environmental Stewardship
- Over the past four years, Signet has reduced its energy
consumption by 24% in offices and retail space and saved over 2
million gallons of water by implementing efficiency measures.
- Ongoing initiatives to further reduce its impact include
employing best practices to optimize its transportation services
and employing green building principles.
People
- The Company launched a new "On the Move Challenge" in 2016 to
encourage and support employees in their health and wellness. More
than 4,200 employees around the globe participated in the program
by setting personal goals, tracking their movement and sharing
their successes.
Corporate Giving
- Signet raised $10 million in 2016
alone through Team Member, Guest and Corporate contributions to
support national, regional and local charitable organizations
around the world.
- Since 1999, Signet has raised nearly $60
million to support the lifesaving work of St. Jude
Children's Research Hospital®. This year, Signet expanded the
number of US stores participating in its successful
give-at-the-register program to help reach its goal of $90 million in contributions to St. Jude.
CSR Report
About Signet Jewelers
Signet Jewelers is the world's largest retailer of diamond
jewelry. Signet operates approximately 3,600 stores primarily under
the name brands of Kay Jewelers, Zales, Jared The Galleria Of
Jewelry, H. Samuel, Ernest Jones,
Peoples and Piercing Pagoda.
Further information on Signet is available at
www.signetjewelers.com. See also www.kay.com, www.zales.com,
www.jared.com, www.hsamuel.co.uk, www.ernestjones.co.uk,
www.peoplesjewellers.com and www.pagoda.com.
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SOURCE Signet Jewelers