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For the first time, Signet releases 2017 CSR Report concurrent with
its Annual Report.
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Sets aggressive CSR goals
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Highlights achievements across its People, Responsible Sourcing,
Environmental Stewardship and Charitable Giving Pillars
HAMILTON, Bermuda--(BUSINESS WIRE)--
Signet Jewelers Limited (“Signet”) (NYSE: SIG), the world's largest
retailer of diamond jewelry recognizes the increasing importance of
corporate social responsibility to the investment community and today
provides integrated reporting. For the first time ever, Signet is
releasing its 2017
Corporate Social Responsibility (CSR) Report that benchmarks the
Company’s industry-leading global CSR programs at the same time as its Annual
Report.
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Signet Jewelers 2017 CSR Report (Graphic: Business Wire)
“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 jeweler – 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, Signet Jewelers Chief Executive
Officer. “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 5 years; and donating 1% of pre-tax
earnings every year to our 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 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, minimize our environmental impact and us to 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.”
Key highlights from Signet’s 2017
CSR Report include:
People
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70% of Signet’s field leadership are women.
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42% of senior management (Vice President and above) are women as is
50% of the Signet Board of Directors.
Responsible Sourcing
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Signet leads the industry, as 1 of 4 US companies to have
reported a conflict-free gold supply chain for 4 consecutive
years to the SEC, as verified through independent audits.
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Signet was ranked the #1 jewelry company for its responsible sourcing
practices by The Enough Project.
Environmental Stewardship
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In the past year, Signet reduced its energy consumption by 2% and
achieved a 5.3% reduction in greenhouse gas emissions.
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Signet saved 3.2 million pounds of paper by reducing Customer catalog
production.
Corporate Giving
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In 2017, Signet collectively raised and donated nearly $10 million
through our giving programs.
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Since 1999, Signet has raised $66 million to support the lifesaving
mission of St. Jude Children’s Research Hospital®.
Signet’s full 2017 CSR Report can be found at the following link: CSR
Report and its Annual Report is available at this link: Annual
Report
About Signet Jewelers Ltd.
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.

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Source: Signet Jewelers Limited