Highlights Progress Towards its 2030 Corporate
Sustainability Goals Showcases Notable Leadership in
DEI
AKRON,
Ohio, June 7, 2022 /PRNewswire/ -- Today,
Signet Jewelers Limited, the world's largest retailer of diamond
jewelry, released its Fiscal 2022 Corporate Citizenship and
Sustainability Report highlighting 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 Sustainability Accounting
Standards Board (SASB) standards.
"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 elevate
our sustainability efforts, our Purpose of Inspiring Love and our
Three Loves continue to be not only sources of pride, but also
drivers of action and impact." She added, "Our progress on
DEI over the past four years is particularly notable with 76% of
Signet's store assistant managers and above being women as well as
42% of Signet's VPs and above, the cornerstone for our recognition
in Bloomberg's Gender-Equality Index four years running."
In addition to its own framework, Signet is a member of the UN
Global Compact, which affirms the company's long-standing
dedication to responsible, ethical business practices and upholding
the Ten Principles of the UN Global Compact on human rights, labor,
environment, and anti-corruption.
"Our Purpose – our whole reason for being – is Inspiring Love.
That focus ignites our entire team and guides our Corporate
Sustainability Goals. By working together with our Signet
colleagues and our global partners we're taking action ourselves
while also driving positive change in the jewelry industry and as
advocates for a better world," added Colleen Rooney, Chief Communications & ESG
Officer, Signet Jewelers.
Background and Progress
In 2021, Signet announced its 2030 Corporate Sustainability
Goals, which deepened the company's commitment to leading as a
purpose-driven and sustainability-focused organization. Signet
established a total of 44 Corporate Sustainability Goals with the
goal of accomplishing three in the past year as follows:
- Establishing the Signet Love Inspires Foundation, focused on
underserved women and children, and social change advocacy;
- Aligning the Signet Love Inspires Foundation grant-making
policy with the United Nations Sustainable Development Goals to
meaningful measure Signet's impact toward solving the world's most
pressing problems; and
- Increasing Signet's base wage to $15/hour by Spring 2022 in the US. (Completed
ahead of schedule in Q3 FY22)
Signet organizes its sustainability efforts through a framework
it refers to as its "Three Loves": Love for All People, Love for
Our Team and Love for Our Planet and Products. Over the past year,
Signet has made meaningful progress and strengthened the company's
impact in all three of these pillars:
- Love for All People: Inspiring Love into the world
through marketing, charitable donations, and participation in
social advocacy as Signet and through its ten consumer-facing
banners. Since the start of their 23-year partnership with St. Jude
Children's Research Hospital®, Signet has raised nearly
$89 million for the organization.
Signet also recently announced that it was suspending business
interaction with Russian-owned entities in response to the crisis
in Ukraine.
- Love for Our Team: Amplifying its focus on being an
employer of choice for all, including underrepresented populations
and highlighting the significant presence women have within
Signet's leadership team. Signet is a twice awarded Great Place to
Work-Certified™ Company and has also been listed on the Bloomberg
Gender-Equity Index for four consecutive years – the only specialty
jewelry retailer on the Index. In addition, Signet reports using
the Human Rights Campaign Foundation's Corporate Equity Index, the
national benchmarking tool on corporate policies, practices and
benefits pertinent to lesbian, gay, bisexual, transgender and queer
employees.
- Love for Our Planet and Products: Defining Signet's
commitment to business practices and policies to address human
rights, climate change and committing to further developing the
circular economy. In 2021, Signet recovered and resold over 120,000
carats of diamonds, and 89% of all Signet Jewelry was sourced from
Responsible Jewellery Council (RJC) members.
To see Signet's entire 2022 Fiscal Corporate Citizenship and
Sustainability Report, click here.
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 four consecutive years. Signet operates
approximately 2,800 stores primarily under the name brands of Kay
Jewelers, Zales, Jared, Banter by Piercing Pagoda, Diamonds
Direct, JamesAllen.com, Peoples, H. Samuel, Ernest Jones 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.banter.com, www.diamondsdirect.com.
www.jamesallen.com, www.peoplesjewellers.com,
www.hsamuel.co.uk, www.ernestjones.co.uk and
www.rocksbox.com.
Press Contacts:
Susan
Klau
APCO Worldwide
sklau@apcoworldwide.com
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SOURCE Signet Jewelers Ltd.