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We believe in “leadership at every level,” and our leadership traits are foundational to the success of each team member.
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Brilliant University helps our teams learn more about what each trait looks like at different levels in the organization.
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In Fiscal company for the second year in a row based on our strong Great Place to Work® Trust Index© Survey results.
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In addition, Signet was named to the Bloomberg Gender-Equality Index for the fourth consecutive year and joined the Paradigm for Parity® Coalition as part of our commitment to increasing the number of people who identify as women of all races, cultures, and backgrounds in leadership positions.
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Love for Our Planet and Products Love for our Planet and Products is the third pillar of our corporate citizenship and sustainability framework.
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We believe that love is enduring and, as a result, it demands that we hold ourselves and our operations to high standards for the sustainability of our planet and the responsible management of our supply chain.
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In Fiscal Social Responsibility to Sustainability and ESG.
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Both are now embedded in every part of our Company and our culture, from banners to corporate.
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Signet’s Board of Directors and Leadership Team understand our environmental responsibility and our governance responsibility for managing climate-change risks.
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Climate change is a priority for us, and the effort to reduce our greenhouse gas emissions will touch every area of our business.
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Accurate data allows us to implement effective policy.
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In Fiscal adding environmental and social policy-specific questions to this annual supplier commitment.
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As leaders in the industry, we feel we have a responsibility to support only suppliers who mirror our commitment to strong social and environmental practices, and this enhancement helps us deliver on this commitment.
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At the Company level, we also launched a cross-functional Climate Action and Sustainability Committee, with a particular focus on data quality and completeness and tools to prepare for investor-grade environmental data.
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As the future of ESG continues to evolve, we are taking the steps necessary to prepare for the future state of ESG data disclosures and are eager to play a leading role in standardized, transparent reporting that ensures we are making the progress we know we must make for the sake of our planet and future generations.
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We are proud to report again this year that Signet reporting is in line with Sustainability Accounting Standards Board (SASB) standards.
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Work to Do We’re proud of what we continue to achieve across our sustainability framework, but we are clear-eyed that work remains.
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We’re meeting and exceeding our commitments and standards in many areas, but we’re not yet where we want to be in others.
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A good example is the work we continue to do to set science-based emission reduction targets.
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The change underway for companies everywhere to set ambitious targets aligned with the latest climate science is truly transformative — not unlike the changes that came with digital technology, connectivity, or mobility.
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They require systems, technologies, training, and enterprisewide collaboration.
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We’re making steady progress toward the systems and capabilities we’ll need in the future, and we’re motivated to do the work inside and outside our Company to get there.
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Inspiring Brilliance with Love for All Once again, this past year our Signet team lived up to the standards, built the relationships, and did the hard work that our commitments demanded of us.
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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.
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Year Status of all shapes, sizes, ethnicities, and abilities.
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On Target 2 Respond to societal conversations where our voice may be helpful in communities in which we serve.
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On Target 3 Regularly engage with Signet Business Resource Groups (BRGs) to foster conversation that brings our purpose to life.
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Complete (SDGs) to meaningfully measure our impact toward solving the world’s most pressing problems.
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procedures in line with the expansion of our digital marketing strategy.
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On Target 7 Signet will continue to protect consumers by advancing good governance of data privacy principles, including transparency regarding use and protection of client data, and maintaining compliance with relevant data privacy standards.
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Employer of Choice 8 By 2025, we strive to be certified as a Great Place to Work® for five consecutive years.
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We strive to increase our Great Place to Work® Trust Index© Survey results average score by 10 points.
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On Target 10 Become a Fortune 100 Best Companies to Work For® by improving our scores on Great Place to Work® by 2025.
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On Target 14 Continue to offer required courses for all team members targeted at inclusion and equity annually for the next four years.
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On Target 15 By 2025, we expect our management teams to better reflect our customers and the communities we serve.
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On Target in our support centers by 20% by 2030.
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We will increase our base wage to $15 per hour by Spring 2022 in the US.
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21 Continue to provide competitive and equitable benefits for all team members, with annual evaluations to determine new trends or team member needs.
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23 100% of our strategic indirect suppliers have signed Signet’s Supplier Code of Conduct or have a similar one in place.
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On Target 24 100% of our strategic indirect suppliers are audited for compliance.
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On Target 27 100% of Signet and R2Net key suppliers to be certified Responsible Jewellery Council (RJC) members by 2025.
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On Target Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas.
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On Target De Beers or any other major rough diamond source.
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On Target 35 Signet will create sustainable packaging options for consumer selection in stores and online.
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On Target 36 Signet will purchase corrugated boxes for use in our supply chain that consists of no less than 60% recycled material.
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On Target Co-develop designers and talent in the diamond jewelry sector for BIPOC creative design talent in the US by adding five BIPOC-owned companies/brands to our vendor list through co-development.
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Includes scholarship, mentoring, and business development through SRSP and RJC membership.
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programs that pay living wages and provide livelihoods for people who identify as women.
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On Target opportunities and upward mobility for people who identify as women employed by our key suppliers.
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On Target 44 Innovate our business model to create products, programs, and services that contribute to the circular economy.
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FRAMEWORKS “Our continued membership to the UN Global Compact and the UN CEO Water Mandate reaffirms our existing commitments to positive change in the communities we operate to create the world we want.
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As a participant signatory, Signet and its brands affirm our long-standing commitment to responsible, ethical business practices and upholding the Ten Principles of the UN Global Compact on human rights, labor, environment, and anti-corruption.” — Virginia C. Drosos, CEO Signet Jewelers UN CEO Water Mandate Signet joined the UN CEO Water Mandate in March 2021.
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Signet is a CEO Water Mandate endorsing company, demonstrating its ongoing commitment to the initiative and its six commitment areas.
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This report serves as our first Communication on Progress.
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The CEO Water Mandate is a UN Global Compact initiative that mobilizes business leaders on water, sanitation, and the Sustainable Development Goals.
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Endorsers of the CEO Water Mandate commit to continuous progress in six commitment areas of stewardship and in so doing understand and manage their own water risks.
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The elimination of discrimination in respect of employment and occupation.
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Environment PRINCIPLE environmental challenges; PRINCIPLE 8 Undertake initiatives to promote greater environmental responsibility; and PRINCIPLE 9 Encourage the development and diffusion of environmentally friendly technologies.
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These Ten Principles guide business policy and structure and serve as the foundation for advancing the United Nations Sustainable Development Goals (SDGs).
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The Corporate Citizenship & Sustainability Committee has primary responsibility for overseeing strategies and actions that drive Signet’s Corporate Purpose, its sustainability policies and practices, and its Environmental, Social, and Governance (ESG) reporting and disclosures.
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The Corporate Citizenship & Sustainability Committee collaborates with the Human Capital Management & Compensation Committee in its oversight of diversity, equity, and inclusion; team member engagement; and team member experience practices.
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The Audit Committee oversees the Company’s processes related to risk management and the Company’s systems of internal controls over financial reporting and disclosure controls and procedures.
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COMMITTEE The Governance & Technology Committee nominates Directors and provides oversight with respect to Board composition, implementation of the Company’s Corporate Governance Guidelines and overall corporate governance, the Company’s cybersecurity and data privacy risks and protocols, and technology matters relating to the Company as an OmniChannel enterprise.
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The Finance Committee reviews and guides strategic direction and oversees and offers advice to the Board and management pertaining to risks, opportunities, policies, processes, and progress regarding corporate financing or refinancing transactions and the Company’s credit and finance program and portfolio, treasury and capital allocation strategies and programs, and mergers and acquisitions.
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Program Signet’s Board of Directors and Leadership Team have oversight and accountability for sustainability within the organization.
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Personalization and Privacy As a retailer, we use data to drive demand via targeted marketing, develop merchandise insights and strategies, and provide customer insights to drive business objectives across our Company.
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We safeguard this data by monitoring and complying with all privacy laws.
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Signet commits to collecting personal data only with the customers' consent.
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Because the Company offers numerous credit and financing options for purchases as well as a rewards program, we commit to respecting the integrity of our customer’s data through policies to keep the customers' data correct and complete.
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Oversight and Enablement Our Security Center continuously and proactively monitors our network and application landscape for threats and anomalies.
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We have established processes for sharing data and performing thirdparty risk assessment, and we have disaster recovery planning and testing procedures in place.
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Security Signet team members are stewards of Company data, and it’s essential that we educate them on how to keep data safe.
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Signet requires all team members to complete a privacy, security, and confidentiality training and awareness program entitled Information Security and Privacy Awareness Training.
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The training module is designed to shape team members’ perceptions about information protection in ways that create a responsible, compliance-minded workforce that is knowledgeable about privacy and information security policies.
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To ensure we reach all team members, this training also is a part of the new-hire orientation process and is available on the Company’s intranet.
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The Signet cybersecurity team manages a longstanding phishing testing program to mitigate against increased phishing scams.
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A new phishing test is launched at least ten times a fiscal year, and the IT team tracks click rates of all team members.
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Remediation is provided for team members that do not pass the phishing test.
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CC&S REPORT Privacy and Data Security We value our customers and team members and the data they entrust to us and treat their information and other financial data with care and respect.
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Data security and privacy are monitored at the highest levels of our Company; our Board of Directors is actively engaged in oversight of cybersecurity — a responsibility included in the charter of our Governance & Technology Committee, which oversees the Company’s cybersecurity and data privacy risks and protocols.
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Additionally, our Board is kept informed on cybersecurity and privacy via monthly reporting, regular reports to the Governance and Technology Committee, and full Board discussions throughout the year.
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Howard Melnick, our Chief Information Officer, and Scott Lancaster, our Senior Vice President, Chief Information Security & Privacy Officer, oversee Signet’s information risk and compliance, enterprise data security, customer data privacy, enterprise IT risk management, global information security, internal cyber investigations, and cyber crisis response management.
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Our Senior Vice President, Chief Information Security & Privacy Officer works closely with our internal data stewardship committee, including our IT Risk Management team, to ensure we take a holistic approach to caring for customer, team member, and financial data.
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Akron Children’s Hospital is ranked among the best children’s hospitals by US News & World Report.
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The decades-long partnership between Signet Jewelers and Akron Children’s Hospital has touched the lives of thousands of children and families in the greater Akron community, where our headquarters resides.
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The Signet Team Member Relief Fund provides assistance, in the form of grants, to eligible Signet team members who have encountered a financial or other hardship for reasons beyond their control.
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More than $to 184 Signet team members through the Fund.
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Akron Children’s Hospital The Signet Love Inspires Foundation donated $to the American Red Cross to provide humanitarian aid in response to the Ukraine crisis.
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Corporate Giving Strategy The Signet Love Inspires Foundation was established in organization with the aim of providing grants to non-profit organizations supporting social activism and underserved women and children.
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We keep our philanthropic commitment strong by supporting non-profit organizations that join us in our Purpose of Inspiring Love throughout the communities where we live and work.
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This includes the US, Canada, the UK, and Ireland.
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Our giving programs throughout our stores provide team members and customers opportunities to engage and create deeper connections.
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Marketing The Signet Team Member Relief Fund provides assistance, in the form of grants, to eligible Signet team members who have encountered a financial or other hardship for reasons beyond their control.
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In expanded the scope of the Fund to cover hardships related to COVID-19.
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LOVE FOR ALL PEOPLE LOVE FOR OUR TEAM •• • Philanthropy is an avenue that Signet uses to address some of the toughest challenges in our communities.
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Our commitment to serving the communities where we operate goes back to were organized and our first corporate donation was made.
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We draw on our Company’s strengths, including our team members, our global reach, and the scale of the philanthropic organizations we support to deliver an even greater impact.
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SIGNET LEADERSHIP NON-PROFIT BOARD MEMBERS ◆ Bill Brace, President Jared and Jewelry Services, serves on the Board of Directors of Diamonds Do Good.
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◆ Bill Luth, EVP Global Store Operations, serves on the Board of Directors of Jewelers for Children.
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We are pleased to share that we raised a record $campaign for St. Jude Children’s Research Hospital®.
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