Signet Corporate Social Responsibility Governance

Signet is committed to upholding high standards of corporate governance and business ethics. The Board of Directors determines all major policies, seeks to ensure effective strategies are in place to create shareholder value and reviews internal controls and risk management systems, including those that relate to social, ethical and environmental matters.

CSR Governance

The Board of Directors has established a Board Corporate Social Responsibility (CSR) Committee that has oversight and sets the strategic direction for CSR at Signet. The Board CSR Committee meets quarterly.

The Board CSR Committee has created a CSR Cross-Functional Team (CSR-CFT). The CSR-CFT is chaired by the Vice President of Corporate Affairs, managed by the Director of Corporate Social Responsibility and reports to the Chief Communications Officer. The CSR-CFT is comprised of Team Members from across the Company, providing perspectives from key areas including: people, merchandising, operations, customer care, real estate, finance, supply chain, communications, risk management, facilities management and sourcing. The CSR-CFT meets quarterly to review the CSR strategy, areas of focus and progress against goals. The CSR-CFT is responsible for implementing, tracking and reporting on the Company’s CSR initiatives. The commitment to CSR governance is supported by Signet’s Code of Ethics, Code of Conduct, and Supplier Code of Conduct.

Did You Know?

Signet’s employees are key to our ability to achieve our objectives and mission. In recognition of this, teamwork, integrity, communication and fair treatment of employees all play an important part in the success of Signet.

Signet is a founding and certified member of the Responsible Jewellery Council (RJC), which provides an efficient way of addressing supply chain issues on an industry-wide basis. The RJC effectively enables industry-wide co-operation to manage Social, Ethical and Environmental risks at the mining, trading and secondary processing phases of the jewelry and gemstone supply chain.

Signet has established Responsible Sourcing Protocols for all our suppliers, which ensure that none of the gold (or tin, tungsten or tantalum) that we sell contributes to conflict anywhere in the world. All of our global suppliers must comply with these protocols, which are recognized by leading international organizations.

Signet is a founding and certified member of the Responsible Jewellery Council (RJC) and remains dedicated to the objective of reinforcing consumer confidence in the diamond and gold supply chain. From an initial membership of fourteen companies there are now approximately 440 companies encompassing all aspects of the supply chain from the mining companies to retailers. A key membership requirement of the RJC is an independent assessment of compliance with the Code of Practices.

Since RJC’s founding in 2005, Signet has strongly encouraged its suppliers and other members of the industry to join the RJC and eventually become certified members which more than 300 have done.

Signet’s Supplier Code of Conduct sets out the company’s expectation that suppliers should respect the Fundamental Conventions of the International Labour Organization and the UN Declaration of Human Rights. Signet is engaged at a senior executive level to address human rights in the jewelry supply chain on an industry-wide basis directly with civil society and government and through the Responsible Jewellery Council.