Signet Jewelers Limited released its 2018 Corporate Social Responsibility (CSR) report that highlights its achievements in the four key CSR areas it has outlined for itself — People, Responsible Sourcing, Environmental Stewardship and Charitable Giving. It notes among other things, the company’s high gender parity and its leadership in the area of responsible sourcing.
Highlights from the report in each area include:
- The only jewellery retailer selected for the 2019 Bloomberg Gender Equality Index.
- 74 percent of Signet’s field leadership are women.
- 43 percent of senior management (VP and above) are women, as are 50 percent of the Signet Board of Directors.
- Over 11,000 Signet team members certified as experts in diamonds or gemmology.
- Signet leads the industry as one of 4 US companies to have reported a conflict-free gold supply chain for five consecutive years to the US Securities and Exchange Commission, as verified through independent audits.
- More than 99 percent of gold sourced by Signet is verified conflict-free.
- Signet is the first retailer to join De Beers’ innovative new blockchain program, Tracr. The program aims to establish a unique and completely secure way to trace diamonds.
- Signet reduced its absolute energy consumption in the past year by 7 percent and saved more than 11 million kilowatt hours.
- Signet reduced its greenhouse gas emissions by more than 25 percent, versus Fiscal 2014.
- Water consumption was lowered by more than 60 percent at Signet’s factory in water-scarce Botswana.
- In 2018, Signet collectively raised nearly $6 million in 2018 for its national and international charitable giving partners.
- Since 1999, Signet customers and team members have raised more than $71 million to support the lifesaving mission of St. Jude Children’s Research Hospital.