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We organize our sustainability efforts through a framework that we call our Three Loves: Love for All People, Love for Our Team, and Love for Our Planet and Products.
Our Love for All People is guiding our unequivocal support for the people of Ukraine and those impacted by this humanitarian crisis.
In addition, through the Signet Love Inspires Foundation, we donated $provide humanitarian aid in response to the crisis in Ukraine.
With this donation, we are helping to provide much-needed food, medical supplies, shelter, and ongoing crisis relief.
During QCoalition Corporate Equality Index, a rating that we are working hard to increase year by year — not just because it strengthens our reputation but, more importantly, because it strengthens our influence.
Our team members are our competitive advantage — and we invest meaningfully in them to help them grow personally and professionally, to further their sense of pride in being a part of Signet, and to ensure their health, safety, and quality of life are enhanced by our team member experience.
Inspired by our Purpose and by our core value of “People First,” we continually take steps to create and sustain a truly attractive, inclusive, and productive company culture, knowing that thriving and engaged team members are integral to Signet’s success.
One way we’re doing this is with a compelling and competitive wage and benefits package.
In the Fall of Fiscal overall compensation of our retail team members by raising the minimum wage to $15 per hour for existing team members as of the Fall of 2022 for existing team members in our US operations.
In addition to compensation and benefits, we invest in our team members with an increasingly robust mix of learning and development opportunities.
Love for Our Planet and Products Love for our Planet and Products is the third pillar of our corporate citizenship and sustainability framework.
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.
Both are now embedded in every part of our Company and our culture, from banners to corporate.
Signet’s Board of Directors and Leadership Team understand our environmental responsibility and our governance responsibility for managing climate-change risks.
Accurate data allows us to implement effective policy.
In Fiscal adding environmental and social policy-specific questions to this annual supplier commitment.
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.
We are proud to report again this year that Signet reporting is in line with Sustainability Accounting Standards Board (SASB) standards.
Work to Do We’re proud of what we continue to achieve across our sustainability framework, but we are clear-eyed that work remains.
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.
On Target 15 By 2025, we expect our management teams to better reflect our customers and the communities we serve.
21 Continue to provide competitive and equitable benefits for all team members, with annual evaluations to determine new trends or team member needs.
23 100% of our strategic indirect suppliers have signed Signet’s Supplier Code of Conduct or have a similar one in place.
On Target 24 100% of our strategic indirect suppliers are audited for compliance.
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 join...
These Ten Principles guide business policy and structure and serve as the foundation for advancing the United Nations Sustainable Development Goals (SDGs).
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.
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.
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.
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 relatin...
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...
Program Signet’s Board of Directors and Leadership Team have oversight and accountability for sustainability within the organization.
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.
Oversight and Enablement Our Security Center continuously and proactively monitors our network and application landscape for threats and anomalies.
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.
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.
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.
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 inves...
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.
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.
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.
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.
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.
Our commitment to serving the communities where we operate goes back to were organized and our first corporate donation was made.
Building on our decades-long legacy of corporate philanthropy, this new corporate-based giving entity integrates our focus on philanthropic efforts in ways that maximize our impact.
By stepping up, speaking out, and focusing on our advocacy and strategies, we bring our corporate Purpose to life in ways that help provide a better, more equitable life for those in our communities — locally and globally.
Providing crisis intervention and suicide prevention services to LGBTQ+ young people.
Through our team member engagement initiatives, our people feel connected and empowered to lead with confidence.
This online tool features resources to make team members’ jobs easier and features stories and feedback loops that support our culture of innovation and agility.
We offer a competitive benefits package for eligible team members, including providing LGBTQ+ inclusive health care benefits for team members and their families.
Then we immerse them in our culture, which is centered on being a unified company with a shared commitment to our workplace, business strategy, and Purpose.
We engaged our Young Professionals Business Resource Group to lead team member feedback sessions as we constructed our solution.
We’re committed to creating a truly inclusive, innovative, and collaborative company culture.
Graduates of the program have seen their ideas incorporated into our business, and a high percentage of them have moved into a management position within five years.
Mission Statement: We envision a renowned culture where policies, visual imagery, words, and behaviors reflect our passion for celebrating all lives and all expressions of love.
Mission Statement: We empower team members to be leaders at all levels, foster a work environment to ideate creative concepts, and transform our workplace culture and community.
NEW TEAM MEMBER RETAIL STORE ONBOARDING EXPERIENCE ◆ Team members are immersed in Signet’s Purpose, culture, and values ◆ ◆ Part virtual instructor-led, part independent study ◆ Topics include Signet Core Values and Purpose, Foundational product knowledge, Customer First training programs “Signet’s new team members’ on...
We can only fulfill our mission to help customers Celebrate Life and Express Love if our customers trust us to provide fine jewelry sourced and produced with integrity.
In turn, we provide consumer confidence and continuously improve the integrity of our global diamond supply chain through our four-layered system of checks and balances.
We audit the implementation of the WDC’s System of Warranties (SoW), which extends the effectiveness of the KP beyond the export and import of rough diamonds to include polished diamonds we sell.
The RJC is the world’s leading standard-setting organization for the jewelry and watch industry.
Today, Signet remains a participant in its SDG Taskforce and numerous committees, actively ensuring adherence to globally responsible business practices that include human rights, labor practices, environment, and anti-corruption.
Signet’s Vice President of Corporate Affairs is the Chair of RJC’s board of directors, serving the second year of his elected three-year term.
We urge everyone with a stake in our industry to continue with, or join us in, the pursuit of integrity, transparency, and accountability.
* Signet continues to support legislation and processes that strengthen transparency and integrity in the trade of conflict-free minerals.
Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas into our supplier policy and management.
* Respect for human rights is foundational to Signet’s supply chain due diligence approach.
The Company, accordingly, has led hundreds of suppliers in implementing the UN Guiding Principles for more than a decade, aligning with OECD Due Diligence Guidance since 2016.
As a result, Signet gemstone suppliers were contacted and asked to provide more details and due diligence on their supply chains to determine if, in addition to rubies, any other gemstones might originate from Myanmar.
Rights Issues Are Resolved The return to sourcing from any country cited for human rights violations would only occur once there is adequate substantiation that human rights violations in the country have been resolved, and Signet is confident that sourcing protocols fall in line with the Company’s responsible sourcing...
Signet developed the human rights section of the SRSP to be consistent with the Responsible Jewellery Council’s (RJC) Code of Practices on human rights, which was produced through extensive consultation with outside stakeholders, including the Organisation for Economic and Cooperative Development (OECD).
Our commitment to ensuring responsible supplier practices and the integrity of our processes throughout our supply chain is embodied in our open-source Signet Responsible Sourcing Protocol (SRSP).
The Signet SRSP Audit Guidance document is updated each year and provided to suppliers as part of the SRSP process.
Signet conducts its responsible sourcing audit assurance program through the supplier’s certification audit against the RJC 2019 Code of Practices.
In addition, all Signet suppliers are subject to audit for any reason, at any time.
For non-RJC members, or for RJC members whose RJC membership or current certification scope does not cover all products supplied to Signet, Signet may require suppliers to undertake an independent audit of their SRSP Compliance Report, based on Signet’s risk assessment relating to the supplier’s report.
The SRSP asks suppliers to identify all diamonds supplied to Signet in any of four diamond categories: ◆ Hygiene, health and safety ◆ Waste management ◆ Child and young labor ◆ Working hours and wages ◆ Labor practices, including forced labor, worker representation, disciplinary practices and discrimination.
In addition to adhering to our industry-leading, global sourcing protocol, our internal teams perform their own final assurance of quality.
Maintaining Diamond Integrity As a retailer, Signet is responsible for sharing accurate disclosures about natural diamonds and laboratory grown diamonds.
To mitigate risks and maintain integrity of the natural diamond supply chain, Signet launched Project ASSURE in partnership with De Beers and the Natural Diamond Council.
Project ASSURE has developed a standard for diamond detection technology in association with Underwriters Laboratories (UL).
Devices are submitted to UL for testing under the ASSURE Standard.
The RJC joined the UNGC in Principles of the UNGC on human rights, labour, environment, and anti-corruption into the RJC Code of Practices.
Businesses should work against corruption in all its forms, including extortion and bribery.
Launched in corporate sustainability initiative in the world, with more than 9,500 companies and 3,000 non-business signatories based in over 160 countries.
our long-standing commitment to responsible, ethical business practices and upholding the Ten Principles of the UN Global Compact on human rights, labour, environment, and anti-corruption.
We commit to making the UN Global Compact and its Principles an integral part of our business strategy, day-to-day operations, and organizational culture.
The RJC Code of Practices (COP) is the foundation of its work — addressing human rights, labor rights, environmental impact, mining practices, product disclosure, and other topics in the jewelry supply chain.
In incorporate international guidance on supply chain due diligence and expanded to include silver and colored gemstones.
This certification by RJC is harmonized with Signet’s audit policy, so RJC-certified suppliers are exempt from Signet’s SRSP audit and independent social audits of factories.
Signet’s policy to purchase from RJC members is a key component of our responsible sourcing program, including supply chain risk assessment and due diligence process.
In the RJC certification scheme was Signet’s primary mechanism for ensuring independent third-party verification and our jewelry supply chain audit.
To ensure those non-RJC members comply with Signet’s SRSP, we require non-RJC members to submit compliance reports annually.
Signet then identifies non-RJC member suppliers that are at risk of non-compliance with the Company’s SRSP and requires non-RJC member suppliers to undertake an independent audit.
Signet’s 2021 RJC audit was inclusive of R2Net.
Signet will be subject to RJC audit for recertification in acquisitions Diamonds Direct and Rocksbox will be included in the independent third-party audit required for RJC recertification.
As a De Beers sightholder, we ensure compliance with international human rights standards derived from compliance with the De Beers Best Practice Principles.
Kay Jewelers pays competitive prices for gold and platinum.
Index The Value Reporting Foundation is a global non-profit organization that offers a comprehensive suite of resources designed to help businesses and investors develop a shared understanding of enterprise value — how it is created, preserved, and eroded.
Below is Signet’s response to the SASB Standards, an industry-specific reporting framework that allows investors to compare ESG performance across industry peers more easily.