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Signet is one of only four companies to independently audit and file a
report with the SEC in 2014, 2015, 2016, 2017 and 2018
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More than 99% of Signet’s gold is verified conflict-free
HAMILTON, Bermuda--(BUSINESS WIRE)--
Signet Jewelers Limited (“Signet”) (NYSE:SIG), the world's largest
retailer of diamond jewelry, recently submitted its fifth consecutive
Conflict Minerals Report to the SEC in accordance with Section 1502 of
the Dodd-Frank Act.
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Signet is 1 of only 4 companies to audit and report on conflict-free gold in 2014, 2015, 2016, 2017 and 2018 (Graphic: Business Wire)
Signet was one of only four companies to have its gold conflict-free
filing with the SEC independently audited in line with the Section 1502
requirements in 2014, 2015, 2016 and 2017. Now Signet has extended its
“conflict-free” reporting under Section 1502 for a fifth consecutive
year.
“We know that our customers care about the responsible sourcing of their
jewelry,” said Signet Chief Executive Officer Virginia C. Drosos. “That
is why we are committed to continuing our longstanding efforts to
advance responsible sourcing throughout the global jewelry industry
supply chain.”
Coupled with Signet’s efforts to source responsible and conflict-free
gold, we also aim to lead the continuous improvement in the integrity of
the global jewelry supply chain. To this end, over the last five years,
our accomplishments include:
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Signet is one of the founding members of the Organisation for Economic
Co-operation and Development’s (OECD) Multi-Stakeholder Group, which
developed the Due
Diligence Guidance for Responsible Supply Chains on Minerals from
Conflict-Affected and High-Risk Areas and which has been active in
its further development and implementation. Signet is also a member of
OECD’s expert working group developing the OECD
Minerals Handbook covering guidance for all minerals.
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We have collaboratively developed and launched the open source Signet
Responsible Sourcing Protocols for Gold, 3Ts, Diamonds, Silver and
Platinum Group Metals. We are actively developing a Protocol for
Colored Gemstones, thereby covering all of the main materials used in
the fine jewelry industry.
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We have instituted a process of ongoing dialogue and collaboration
within the jewelry industry, governments, civil society, and other
organizations, which has contributed to the consistency and
harmonization of responsible sourcing standards for the jewelry
industry and beyond.
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Signet is the first major non-electronics industry company to be a
member and support development of the Responsible
Minerals Initiative (formerly the Conflict-Free
Sourcing Initiative).
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Signet’s position as a Founding and Certified Member of the Responsible
Jewellery Council (RJC) has enabled us to encourage all of our
Suppliers to become RJC members as well. The total number of Signet
suppliers who are RJC members has nearly quintupled since 2014 and
represents around 95% of all Signet purchases. Moreover, harmonization
of industry standards with Signet’s Protocols has resulted in more
efficient and consistent verification of responsible sourcing
standards across the jewelry industry.
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Active engagement in the development of responsible sourcing from
artisanal sources: for diamonds through the Diamond
Development Initiative (DDI) and for gold through the Responsible
Artisanal Gold Solutions Forum (RAGSF).
For additional information on Signet Jewelers’ Responsible Sourcing
efforts, please see our 2017 Corporate Social Responsibility Report: https://www.signetjewelers.com/corporate-responsibility/CSR-Report-2017
About Signet Jewelers:
Signet Jewelers Limited is the world's largest retailer of diamond
jewelry. Signet operates over 3,500 stores primarily under the name
brands of Kay Jewelers, Zales, Jared The Galleria Of Jewelry, H.Samuel,
Ernest Jones, Peoples, Piercing Pagoda, and JamesAllen.com. Further
information on Signet is available at www.signetjewelers.com.
See also www.kay.com,
www.zales.com,
www.jared.com,
www.hsamuel.co.uk,
www.ernestjones.co.uk,
www.peoplesjewellers.com,
www.pagoda.com,
and www.jamesallen.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180529006247/en/
Source: Signet Jewelers Limited