Overview
Responsible Sourcing
O
ur Path to Brilliance Transformation Plan puts our Customers First. A supply chain that is responsible, transparent and sustainable is a strategic imperative, as we can only fulfill our mission to help customers Celebrate Life and Express Love® if they trust us to provide fine jewelry that has been sourced and produced with integrity. That is why we have developed a rigorous and collaborative approach that holds our suppliers to a higher ethical standard and prioritizes respect for human rights. Further, as the world’s largest retailer of diamond jewelry, we continue to use our influence and position to work for harmonized industry standards. Signet is dedicated to the continuous improvement in the integrity of the global jewelry supply chain.
Progress Against Goals
Achieve Responsible Jewellery Council (RJC) membership for a total of 250 Signet Suppliers in 2018
Over 260 Signet suppliers are RJC members, representing 94.2% of all Signet jewelry purchases by value
Create the Signet Responsible Sourcing Protocol (SRSP) for Colored Gemstones in 2019
The SRSP appendix for Colored Gemstones produced and published in March 2019
Initiate Phase II of the SRSP for Diamonds (D-SRSP) aimed at significantly increasing the integrity of the melee supply chain over time
Steps taken in 2018 to increase supply chain integrity include:
- Involvement in the Tracr De Beers blockchain pilot
- Education and training efforts across the supply chain
- Support for Project Assure which was published in March 2019
*Goals set in the 2017 CSR Report
- Continue efforts to bring responsibly sourced conflict-free minerals from conflict-afflicted areas, such as artisanal and small-scale mines, into the Signet supply chain
- Integrate Responsible Sourcing into customer facing messages, such as communicating our commitment to the Responsible Jewellery Council as our primary external assurance mechanism
- Ensure that a continuously increasing number of Signet suppliers maintain compliance with the Signet Responsible Sourcing Protocol