For the first time ever, Signet Jewelers Limited, the world’s largest retailer of diamond jewellery, is releasing its 2017 Corporate Social Responsibility (CSR) Report that benchmarks its industry-leading global CSR programmes along with its Annual Report, as the company recognises the increasing importance of Corporate Social Responsibility to the investment community.
“As we kick off Signet’s Path to Brilliance—our three-year transformation plan to help Signet become the world’s largest, most trusted and most customer-focused jeweller— we will ensure that our commitment to operational integrity and to our communities matches the exciting plans we have put in place for our business performance and our culture,” said Virginia C. Drosos, CEO, Signet Jewelers. “We will continue to advance our three strategic priorities of Customer First, OmniChannel and a Culture of Agility and Efficiency under our transformation, and we know that our Corporate Social Responsibility efforts are critical to achieving our ambitions in each of these areas.”
This CSR Report marks the first time Signet has set aggressive CSR goals across each of its four pillars: People, Responsible Sourcing, Environmental Stewardship and Charitable Giving. This includes reducing electricity use by 50% over the next five years and donating 1% of pre-tax earnings every year to their charitable giving partners over time. “Signet is 100% engaged and committed to Leadership—with a capital ‘L’—in addressing the social, ethical and environmental issues that affect our team members, customers, our industry, as well as the world in which we live,” Drosos continued.
Signet is committed to leading in CSR in an authentic and transparent way. For example, Signet is one of the very few companies to have a Board-level CSR Committee which has been in place since 2014. “The Board CSR Committee works with the CEO and the CSR Team to ensure that our overall CSR strategy is aligned with and strengthens our business strategy,” commented Eugenia Ulasewicz, Signet Board member and Chair of the Board CSR Committee.
“We know that customers, investors and our other stakeholders increasingly expect us to ensure the integrity of our supply chain, minimise our environmental impact and ensure that Signet makes a positive and visible impact in the communities that are touched by our businesses. We also know that our team members and potential team members place great importance on knowing that we are a company that cares. Our commitment to CSR is a commitment to our people.”