Corporate Social Responsibility at Signet
As a whole and within each of our four pillars, Signet is dedicated to a process of continuous improvement. Through ongoing cross-functional collaboration, we employ a combination of surveys, stakeholder dialogue and science-based evidence to establish, execute and improve our initiatives and programs.
Creating Value Through Responsibility: Our Four CSR Pillars
From the Chair of Our Board CSR Committee“Corporate Social Responsibility (CSR) plays a key role in our success as a Company. 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. 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 ensure that Signet makes a positive and visible impact in the communities that are touched by our business. 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. That is why CSR is a core component of Signet’s corporate culture.” Eugenia Ulasewicz Signet Board Member & Chair of the Board CSR Committee
Sustainable Development Goals
- 1: No Poverty
- 2: Zero Hunger
- 3: Good Health and Well-Being
- 4: Quality Education
- 5: Gender Equality
- 6: Clean Water and Sanitation
- 7: Affordable and Clean Energy
- 8: Decent Work and Economic Growth
- 9: Industry Innovation and Infrastructure
- 10: Reduced Inequalities
- 11: Sustainable Cities and Communities
- 12: Responsible Consumption and Production
- 13: Climate Action
- 14: Life Below Water
- 15: Life on Land
- 16: Peace, Justice, and Strong Institutions
- 17: Partnerships for the Goals
On September 25, 2015, countries around the world adopted the 2030 Agenda for Sustainable Development, a set of goals to end poverty, protect the planet and ensure prosperity for all as part of a new sustainable development agenda. Signet supports the United Nations Sustainable Development Goals and recognizes that the private sector has an important role to play in achieving them. Throughout this Report we highlight which goals our projects and programs help achieve.
CSR Governance at Signet
The Board CSR Committee has oversight and sets the strategic direction for corporate social responsibility at Signet and is updated quarterly.
The CSR Cross-Functional Team (CSR-CFT), chaired by the Vice President of Corporate Affairs and managed by the Director of Corporate Social Responsibility, is comprised of Team Members from across the Company, providing perspectives from key CSR 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.
- Signet Board CSR Committee
- Chief Communications Officer
- Vice President of Corporate Affairs
- Director of Corporate Social Responsibility
- CSR Cross Functional Team
Team Members Support Commitments
|Survey Results||In your opinion, how important is this issue to Signet’s business success?1||How important is this issue in terms of Signet’s environmental impacts and social responsibility?1||In your opinion, how important is this issue to Signet’s stakeholders?2||Overall Ranking|
|Ethical Labor Practices||100||100||94||98|
|Overall Customer Satisfaction||100||82||97||93|
|Social, Ethical and Environmental Sourcing||94||97||88||93|
|Emerging Regulation, US & Other Markets||85||85||82||84|
|Community Engagement & Philanthropy||85||85||76||82|
|Employee Engagement and Recognition||100||71||74||82|
|Reducing Energy Use and GHG||78||88||65||77|
1 Percent responding that it is “very or extremely important”
Each year Signet conducts a survey of our CSR Cross Functional Team to determine what’s most important to our reputation.
The results from our 2017 survey confirm that the most important issues for Signet align with our current priorities and our four CSR Pillars: People, Responsible Sourcing, Environmental Stewardship and Charitable Giving.
We also engage with our stakeholders throughout the year during the normal course of business. This engagement keeps us current with the changing CSR landscape and enables us to develop long-term relationships to better understand our stakeholders’ evolving expectations.
2 Civil Society is also frequently referred to as non-governmental organizations (NGOs) and non-profit organizations.