Signet Jewelers says it is making significant progress towards its 10-year sustainability goals built on three pillars: love of all people; love for its team members; and love for planet and products.
The mission, which has targets through to 2030, includes initiatives to improve environmental, social and governance (ESG) such as gender equality, data leveraging and the Sustainability Accounting Standards Board (SASB) standards.
“I am proud of the strong progress we are consistently making toward our 2030 goals,” says 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. 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.”
The company highlights progress across all three 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.