Thank you for visiting the Signet Jewelers 2019 Corporate Social Responsibility Update. We hope that you will join us in our commitment to be a positive force during these challenging times.
Invigorating our Approach to
Corporate Social Responsibility
We believe the COVID-19 pandemic crisis will intensify the world’s focus on corporate responsibility and environmental, social and governance (ESG) issues for long-term sustainability. In this unprecedented time of uncertainty, one thing is for certain – now, more than ever, companies have a responsibility to deliver purposeful achievements and commitments that create shared value with stakeholders and strengthen the resilience of business and society in confronting global challenges.
Signet is one of a small number of public companies with a CSR Committee of the Board of Directors. It plays a crucial role in overseeing the development of our CSR policies and social ethical & environmental (SEE) governance framework to ensure a robust enterprise-wide approach for how we conduct business and meet the expectations of our stakeholders. The company engages in ongoing efforts to manage environmental, social and governance (ESG) factors for our business and supply chain, and to understand and be responsive to the ESG policies and priorities of our shareholders.
As shown in our 2019 CSR update, we take our role as the industry leader seriously and are proud of our longstanding commitment to corporate social responsibility. Our four key areas of People, Environmental, Responsible Sourcing, and Charitable Giving deepen our connections with our team members, our environment, our customers, and our communities.
We recognize all our stakeholders are feeling the impacts of the COVID-19 pandemic: Signet team members, customers, investors, industry, civil society, local communities, and government. These circumstances can also provide an opportunity to reset and refocus – we are going to evaluate and modernize our corporate purpose and refresh the areas that demonstrate our responsibility to help the world express love and gratitude.
Commitment to Our People First
Core Value
We are fiercely committed to our People First core value. This means the health and safety of our team members and their families is our top priority. In this spirit, we’ve activated our Signet Team Member Relief Fund to help our colleagues experiencing financial hardship because of COVID-19. And we are working to safely bring back our temporarily furloughed team members as soon as we possibly can. We’re also proud of our continued progress in diversity and inclusion efforts. For the second-consecutive year, Signet was one of a limited number of retailers and the only specialty jewelry retailer named to the Bloomberg Gender-Equality Index for efforts to advance women in the workplace.
Commitment to Charitable Giving
We will continue our support of charitable organizations, with an added emphasis on COVID-19 relief. In addition to our longstanding partnership with St. Jude Children’s Research Hospital, we’re proud to announce a new partnership with Heart to Heart International, a non-profit humanitarian organization committed to getting vital medical equipment and medicine to those who need it most. A portion of every purchase* made at KAY.com, Zales.com, Jared.com and JamesAllen.com will help us provide masks, gowns, gloves and equipment to health care providers, as well as life-saving medicine to thousands of people.
* From 4/20/2020 - 5/3/2020, Signet Jewelers will donate 2% of the net profits from Kay.com, Zales.com, and Jared.com, up to a maximum donation of $100,000. From 4/21/2020 - 4/30/2020 Signet Jewelers will donate $50 for every order on JamesAllen.com.
Commitment to Our Role
in a Better Future
In the year ahead, we will renew our focus on areas that are most material to our stakeholders. We are evaluating standards such as the Sustainability Accounting Standards Board (SASB), Task Force on Climate-related Financial Disclosures (TCFD), and United Nations Global Compact. These standards are valuable tools in focusing our corporate social responsibility efforts to maximize the positive impact in the world.