Direct Merchandise Suppliers

The product carbon footprint of our jewelry is based on the practices of our suppliers. In efforts to disclose more accurate data on our product carbon footprint, we work to ensure not only responsible sourcing, but specific reductions in carbon in our global supply chain. Signet Jewelers is working closely with partners such as De Beers Group and Alrosa to calculate our product carbon footprint. All mining sector-specific reporting guidelines list emissions in their materiality matrix, including the GRI and SASB. Highlights of the efforts of our supply chain partners to reduce their GHG emissions are discussed below.

De Beers is currently conducting research to create carbon neutral mining in the next five years. CarbonVaultTM is a pioneering research program to capture and store carbon. Through CarbonVaultTM, De Beers is working in partnership with a team of leading experts from universities around the world to explore how the natural carbonation process can be accelerated, to soak up more carbon from the atmosphere, locking it away for millions of years. In addition, De Beers has committed to becoming a carbon neutral company by 2030.

For the past three years, ALROSA has significantly reduced the share of highly carbon-intensive fuels in its total energy consumption. The volume of coal, diesel and crude oil fuels has been reduced in favor of less carbon-intensive natural gas and electricity purchased from renewable sources (hydroelectric plants). In 2016-2018, the volume of consumed coal fell by 80%, diesel by almost 90%, and crude oil by half.

As seen in the table below, ALROSA has the lowest intensity ratio among its peers. The descending three-year trajectory illustrates the priority given to reducing GHGs company wide. The company’s trucks and vehicles are being gradually upgraded from diesel and gasoline to natural gas engines. In 2018, ALROSA already had 300 trucks powered by natural gas instead of more carbon-intensive fuels. Notably, ALROSA achieved a 52% decrease in the presented ratio over 2016 to 2018.

Greenhouse gas emissions to revenue ratio, CO2 tonnes/mln USD, 2016-2018 median
De Beers 308
ALROSA 151
Source: PwC ALROSA Sustainability benchmark report, 2016-2018

We closely monitor the efforts of our three main suppliers to reduce their carbon footprint, which in turn decreases the carbon expended to create our finished product. Learn more about the Sustainability policies or our suppliers.

Indirect Non-Merchandise Suppliers

In the year 2020, our distribution model changed significantly as Signet increased its OmniChannel shopping experience. Signet ships more jewelry directly to consumers than ever before. It is important to Signet to select suppliers that are leaders in sustainability.

Our largest shipping supplier, UPS, is a leader and innovator in reducing GHG emissions. UPS has reported a commitment to energy efficient vehicles stating, “25 percent of vehicles purchased will be alternative fuel or advanced technology vehicles in 2020 and, by 2025, alternative fuels will supply 40 percent of our total ground fuel needs. All these initiatives help advance our goal to reduce emissions across global ground operations. We also developed our Rolling Laboratory, a fleet of more than 10,300 lower-emission vehicles, and invested $1 billion in alternative vehicles, fuels, and infrastructure over the past decade.”

The targets established at UPS will continue to benefit Signet’s product carbon footprint. UPS has set an enterprise goal to reduce overall carbon intensity 20 percent by 2020 (2007 baseline).

Learn more about the Sustainability policies or our largest shipping vendor, UPS.