Signet Jewelers, the world’s largest diamond jewellery retailer, has joined the United Nations Global Compact in an effort to renew its dedication to being an environmentally sustainable company.
The United Nations Global Compact is the world’s largest corporate sustainability initiative with more than 12,000 other member companies across 160 countries.
In the UK, Signet boasts two of the country’s largest jewellery retailers, H Samuel and Ernest Jones.
The Global Compact members pledge to align their operations and strategies with universal principles on issues such as human rights, labour, the environment and anti-corruption.
They also take strategic action towards broader societal goals such as the UN Sustainable Development Goals (SDG).
Signet adds that it believes SDG 5 – gender equality – is of particular importance to the business.
Signet CEO, Virginia C Drosos, commented: “Our core belief at Signet is that ‘Love Inspires Love’. Signet’s purpose – ‘Inspiring Love’ – infuses our work with meaning, and is a standard of responsibility to which we hold ourselves accountable. It extends beyond our walls to our industry and our stakeholders across the globe.
“It’s with that deeply held belief in mind that we are proudly joining the UN Global Compact initiative as a way to further demonstrate that the actions of our company align with our purpose and values.
“Signet employees in every part of our business are inspired by the opportunity to be the change we want to see the world, and it is on their behalf that we step up in visible support of human and labour rights, sustainability and anti-corruption practices.”
Signet has made a number of other changes signalling its dedication to improving its sustainability and ethical efforts as a company in recent months. Read more below on its newly introduced company-wide minimum wage in the US: