Independent Private Sector Audit Supports Signet’s Sixth Disclosure That Its Jewelry Is “DRC Conflict Free”
May 29 2019 - 2:01PM
Business Wire
Company expands existing sourcing protocols to
diamonds, platinum & silver
Signet Jewelers Limited (“Signet”) (NYSE:SIG), the world's
largest retailer of diamond jewelry, today filed its sixth
consecutive Form SD and Conflict Minerals Report with the U.S.
Securities and Exchange Commission (SEC) in accordance with
Section 1502 of the Dodd-Frank Act of 2010. As has been the case
for each of the past six years, Signet’s Conflict Minerals Report
has been accompanied by an independent private-sector audit report
that supports Signet’s disclosure that it has obtained its supply
of the minerals covered by Section 1502 – gold, tin, tantalum and
tungsten (“3TG”) – from “Democratic Republic of The Congo (DRC)
conflict free” sources.
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Signet Jewelers filed its sixth
consecutive Form SD and Conflict Minerals Report with the U.S.
Securities and Exchange Commission in accordance with Section 1502
of the Dodd-Frank Act of 2010. (Graphic: Business Wire)
For the 2018 calendar year reporting period covered by the
latest Form SD/Conflict Minerals Report, Signet extended its 3TG
diligence and reporting under Section 1502 beyond the required 3TG
to voluntarily note the extensive efforts around diamonds, platinum
and silver.
“Our customers care about the integrity of our jewelry
sourcing,” said Signet Chief Executive Officer Virginia C. Drosos.
“They choose to purchase from us because they appreciate our
decades-long global leadership in responsibly sourcing the metals
and gems used to create our jewelry. We are continuing to earn
their trust by expanding the materials we track and leading
important industry organizations dedicated to this mission.”
Signet’s Conflict Minerals Report reflects the complexity and
breadth of the jewelry supply chain, and demonstrates the company’s
commitment to continuous improvement in the integrity of the global
jewelry supply chain.
Among Signet’s responsible sourcing accomplishments are:
- In April 2019, Signet published the
Signet Responsible Sourcing Protocol (SRSP) for Colored Gemstones,
providing assurance that Signet fine jewelry containing rubies,
sapphires and emeralds will be verified as responsibly sourced.
This adds to the SRSP previously in place for Gold, 3Ts, Diamonds,
Silver and Platinum Group Metals.
- In 2018, as part of the Responsible
Artisanal Gold Solutions Forum (RAGSF), Signet received jewelry,
including gold from the first supply chain designed to source
conflict-free artisanal gold from the DRC for use in products sold
to consumers in the United States. Signet is a founding member of
the RAGSF, a multi-stakeholder coalition which seeks to learn about
and address critical barriers to the production and trade of
artisanal gold from the Great Lakes Region of Central Africa.
- In 2018, Signet’s Vice President of
Corporate Affairs, David Bouffard, was elected chair of
the Responsible Jewellery Council (RJC), the global
standards-setting and certification organization for the jewelry
industry, with more than 1,100 members supporting human rights,
business ethics, and social and environmental performance
throughout the industry.
- The total number of Signet suppliers
who are RJC members has nearly quintupled since 2014, representing
over 94% of all Signet jewelry purchases by value.
- In 2018, SIGWATCH, an unaffiliated NGO
tracking company based in the United Kingdom, ranked Signet as one
of the top five most praised companies in the world – the only
jewelry company on the list – for the company’s responsible
sourcing efforts.
- Signet has increased the emphasis on
harmonization of Signet’s SRSP with the RJC’s certification audits
and provenance claims, which is now Signet’s primary third party
verification and assurance mechanism.
For additional information on Signet Jewelers’ responsible
sourcing efforts and its commitment to responsibility in other
areas, including People, Environmental Stewardship and Charitable
Giving, please see the company’s 2018 Corporate Social
Responsibility
Report: http://www.corporatereport.com/signet/2018/csr
About Signet Jewelers:
Signet Jewelers Limited is the world's largest retailer of
diamond jewelry. Signet operates approximately 3,300 stores
primarily under the name brands of Kay Jewelers, Zales, Jared The
Galleria Of Jewelry, H.Samuel, Ernest Jones, Peoples, Piercing
Pagoda, and JamesAllen.com. 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,
and www.jamesallen.com.
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Jason LindesmithManager, Corporate and Sustainability
Communications+1 330
201-4306jason.lindesmith@signetjewelers.com
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