Overview
Environmental Stewardship

E

nvironmental stewardship not only aligns with our values, but also makes our business more efficient, benefitting both the environment and our bottom line. Our operations are largely centered around retail sales to consumers. Hence, Signet’s most significant environmental footprint relates to energy consumption and the resulting emissions of our retail stores and support centers. Combined, these businesses cover a footprint of over 4.6 million square feet of operational selling space in malls, off-malls and outlets. In addition, we operate several support centers that cover more than 1.25 million square feet.

While our water consumption is not significant, given the nature of our business, we do track water use across our operations and encourage water conservation. We have set ambitious reduction goals to achieve in three key areas — energy use, greenhouse gas emissions and water use over a five-year period.

(Left) CEO Gina Drosos officially opens Signet’s Dallas Support Center, featuring numerous green building attributes

Goals and Performance Data

Data is collected and reviewed on an annual basis based on Signet’s fiscal year, approximately February 1 – January 31. We engage a third-party consultant to assist with the data gathering process. Where complete data is not available, conservative estimates based on geography, store size and like-for-like comparisons have been used.

Electricity Use
FY14-FY19
(in kWh)

Goal: Reduce electricity use by 50% by FY24 * Decrease in FY19 driven by introducing LED lighting in stores, and moving to smaller, more energy-efficient corporate office in Dallas.

Absolute Global Water Consumption
FY15-FY19
(in liters)

Goal: Reduce water use by 12% by FY24 * Decrease in FY19 driven by reduction in total square footage and moving to a new corporate office in Dallas.

Group business travel emissions
FY15-FY19
(kg CO2e in millions)

Goal: Reduce business travel emissions 25% by FY24 * FY19 reduction due to less travel and decrease in air travel emission factors.

Global absolute energy consumption
FY14-FY19
(kWh in millions)

Absolute energy consumption is down by 12% versus FY18.

Greenhouse gas emissions by scope
More than 24% reduction in scope 2 greenhouse gas emissions globally versus FY18.

Signet does not collect data or set targets for SOx or NOx emissions since our operations do not result in significant emissions for these air-polluting gases. To learn more about emissions scope click here: https://www.epa.gov/greeningepa/greenhouse-gases-epa
Water

Water intensity in FY19 is down 34% compared to FY18.

Waste
In FY19
55%
of waste generated
in our support centers
was recycled

Currently, we capture waste data for our Support Centers. At many retail locations, in particular those in a shopping mall environment, waste data is aggregated for all tenants. As a result, we are not currently able to track recycling performance across our stores. We encourage team members at our retail stores to recycle as much waste as possible.