AKRON, Ohio, June 30, 2021 /PRNewswire/ -- Signet Jewelers
Limited (NYSE: SIG), the world's largest retailer of diamond
jewelry, today released its Corporate Citizenship and
Sustainability Report and unveiled its comprehensive set of
Corporate Sustainability Goals (CSGs). The bold initiative
builds on its industry-leading, 20-year track record in responsible
sourcing and corporate citizenship.
The 2030 Corporate Sustainability Goals deepen its commitment to
leading as a purpose-driven and sustainability-focused company. The
new set of 44 goals, including Human Capital Management and Climate
Change goals, define Signet's roadmap for corporate sustainability
and accountability to its stakeholders over the next decade.
As a member of the UN Global Compact, Signet's goals are set
with targets aligned with United Nations Agenda 2030 - Decade
of Action to achieve the Sustainable Development Goals. One
exception is the additional goal of achieving net-zero greenhouse
gas emissions by 2050.
"Our 2030 Corporate Sustainability Goals provide a roadmap for
the next decade of our journey as a company. From
prioritizing our team in creating a rewarding and welcoming culture
to protecting human rights throughout our supply chain and
innovating in ways such as embracing the circular economy and
continually reducing carbon emissions, we're committed to operating
in ways that create positive change for our planet and people,"
said Signet CEO Virginia C. Drosos.
"We're the world's largest diamond retailer, and every day we help
people create memories that last a lifetime. Our efforts support
global cooperation from the private and public sectors to address
pressing issues such as climate change, social injustice and more.
I couldn't be prouder to embrace this direction — a True North that
our customers, employees and investors want — and be the change we
want to see in the world."
Signet's Corporate Sustainability Goals complement its stated
Purpose of Inspiring Love. The company launched a new
sustainability framework with the goals -- defined by "three
1) Love for All People: These
goals encourage Signet and its nine banners and brands to extend
its love into the world through marketing, charitable donations and
participation in social advocacy. Signet commits to elevating
its inclusive marketing, including partnering with St. Jude
Children's Research Hospital to feature patients and their
2) Love for Our Team: As a
Certified Great Place to Work™, and a diverse organization that is
known for our highly engaged team, we aspire to always be an
employer of choice for all, including underrepresented populations.
Building on our diverse Board of Directors (58%), and our female
leadership within the company (75% store assistant manager and
above), Signet commits to increasing diversity in leadership
positions at Director and above by 25% by 2030 as well as become an
employer of choice for the LGBTQ+ community.
3) Love for Our Planet and
Products: These goals define Signet's commitment to operating
practices and policies to address climate change. The company
also commits to further developing its circular economy initiatives
such as care, repair, and custom design with reclaimed gold and
repurposed diamonds. In partnership with its direct and indirect
suppliers, the Company will showcase Black, Indigenous and People
of Color (BIPOC) jewelry designers and create programs across the
globe to provide women with career opportunities and financial
"At Signet, we view Environmental, Social, and Governance (ESG)
as an opportunity to create value in every part of our business.
The Signet Board's Corporate Citizenship and Sustainability
Committee illustrates the Board's belief that sustainability is a
fundamental strategy for long-term growth and strongly supports the
Company's clear, comprehensive Corporate Sustainability Goals
released with this report — as a reflection of our
responsibility," said Eugenia
Ulasewicz, Signet board member and Chair of the Board
Corporate Citizenship and Sustainability Committee. "ESG leadership
matters to Signet because it's at the heart of our Purpose —
Inspiring Love — and because we know it matters to our customers,
our team members, our shareholders, and many others who have a
stake in our business."
In conjunction with the issuance of the report and goals, Signet
filed its eighth consecutive Form Specialized Disclosure 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. Each year, Signet's Conflict Minerals Report is
accompanied by an independent private sector audit report.
The third-party audit 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)
Signet has well-established, robust management systems and
underlying processes for Conflict Minerals supply chain due
diligence and reporting compliance in its supply chain through the
implementation of its Signet Responsible Sourcing Protocol (SRSP).
Signet's Conflict Minerals Report reflects the complexity and
breadth of the jewelry supply chain. It demonstrates the company's
commitment to continuous improvement in the integrity of the global
jewelry supply chain. Signet is proud of its progressive and
pioneering approach in managing supply chain due diligence as a
leader in the jewelry industry.
This year's reporting is available in three separate documents.
For a full list of the Company Corporate Sustainability Goals, the
Company's Corporate Citizenship and Sustainability Report, and
supplemental Alignment with ESG Frameworks report, please follow
this link to the Signet Jewelers website.
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, JamesAllen.com and 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.
Chief Communications & ESG Officer
VP Corporate Affairs
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SOURCE Signet Jewelers Ltd.