AKRON, Ohio, July 13, 2021 /PRNewswire/ -- Signet Jewelers
(NYSE: SIG) announced today it is joining the Paradigm for
Parity® coalition, a movement of business leaders across
industries committed to achieving full gender parity in corporate
leadership by 2030 — one in which all women and men have equal
power, status, and opportunity.
Signet is committing to the Paradigm for Parity® 5-Point
Action Plan that includes:
- Minimizing or eliminating unconscious bias
- Significantly increasing the number of women in senior
operating roles
- Measuring targets at every level and communicating progress and
results regularly
- Basing career progress on business results and performance, not
on presence
- Identifying women of potential and giving them sponsors, as
well as mentors
These actions build on Signet's efforts to champion equity and
inclusion, as outlined in its Corporate Citizenship and
Sustainability Report and support it in achieving its 2030
Corporate Sustainability Goals. Today, women comprise 42 percent of
its Board of Directors, 50 percent of the Signet Leadership Team
and 40 percent of those holding the title of vice president and
above.
"We are intentional about creating a work environment within
Signet where women feel respected, included, supported, and
positioned for success in both their personal and professional
lives. This has been and continues to be an integral part of our
overall business transformation plan and key to our values-driven,
people-first culture in which we aim to deliver on our Purpose —
Inspiring Love. We are proud of what we've achieved together and
energized to do more," said Signet Jewelers CEO Virginia C. Drosos. "Our involvement with
Paradigm for Parity® and the coalition's 5-Point Action Plan
gives us a strong roadmap to build on these efforts to ensure
gender equality across our team and within our sphere of influence
with our business partners today and into the future."
"The Paradigm for Parity® coalition welcomes Signet to our over
130 committed companies that are working to achieve gender parity
in corporate leadership," said Sandra
Quince, CEO, Paradigm for Parity®. "When
companies put people first and use our Toolkit to implement our
5-Point Action Plan, it catalyzes change and creates cultures to
more effectively increase women of all races, cultures and
backgrounds in leadership positions. We look forward to working
with Signet as they continue to transform the jewelry
industry."
Signet's support of Paradigm for Parity® furthers its commitment
to its people and to workplace equality. Other recent highlights
include:
- Raising its minimum wage to $15/hour for all U.S. hourly employees this
year
- Enhancing and expanding health plan benefits for same sex
domestic partners/spouses and expanding the parental leave policy
to include parental leave for all genders
- Providing Love Takes Care™ Appreciation Awards to full-time and
part-time U.S. employees serving customers in stores as they
reopened during the COVID-19 pandemic
- Providing paid time off for all employees to ensure they could
practice their constitutional right to vote in the national
election with the #YourVoiceisGold initiative
- Deeping its commitment to Diversity, Equity, and Inclusion by
adding two new Directors to its Board, increasing the Board's
representation of women and persons of color to 58 percent
- Becoming Great Place to Work-Certified™, as a result of the
company's commitment to its employees
- For the third consecutive year, the Bloomberg® Gender Equality
Index included Signet, the only specialty retail jeweler to earn
that distinction
About Signet Jewelers
Signet Jewelers Limited is the world's largest retailer of
diamond jewelry. As a purpose-driven and
sustainability-focused company, Signet is a participant in the
United Nations Global Compact and adheres to its principles-based
approach to responsible business. Signet is a Great Place to Work
–Certified™ company and has been named to the
Bloomberg Gender-Equality Index for three consecutive years.
Signet operates approximately 2,800 stores primarily under the name
brands of Kay Jewelers, Zales, Jared, H. Samuel, Ernest Jones, Peoples, Piercing Pagoda,
and JamesAllen.com and the jewelry subscription service,
Rocksbox. 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, www.pagoda.com,
www.rocksbox.com and www.jamesallen.com.
About the Paradigm for Parity® Movement
The Paradigm for Parity® coalition is comprised of CEOs, senior
executives, founders, board members and business academics who are
committed to achieving a new norm in corporate leadership: one in
which women and men have equal power, status, and opportunity.
The coalition created the Paradigm for Parity® 5-Point Action
Plan for corporations to accelerate the pace of gender equity in
senior executive roles. This unique agenda defines bold and
specific actions that, taken together and simultaneously
implemented as a package, will catalyze change and enable today's
business executives to secure the best leaders of tomorrow.
Visit www.paradigm4parity.com or follow it on Twitter
using @p4parity to learn more about this exciting
initiative.
Press Contacts
Colleen
Rooney
Chief Communications & ESG Officer
colleen.rooney@signetjewelers.com
David Bouffard
VP Corporate Affairs
david.bouffard@signetjewelers.com
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SOURCE Signet Jewelers Ltd.