Signet Jewelers has released its 2018 Corporate Social Responsibility (CSR) report, highlighting the company’s CSR focused initiatives.
The report includes Signet’s progress towards goals set across its four CSR key areas: people, responsible sourcing, environmental stewardship and charitable giving.
For the first time, the company produced an integrated CSR report with its annual report.
Virginia C. Drosos, CEO, commented: “At Signet, we know that our sphere of influence goes beyond just the places we do business. We recognise that our people, values and culture require that we take responsibility wherever we have an impact.”
She added: “Instilling trust among our key stakeholders — investors, employees and customers — means that we are transparent about our CSR goals, and that we must integrate them into our daily operations.”
Highlights from Signet’s CSR people focus area include being selected as the only jewellery retailer for the 2019 Bloomberg Gender Equality Index.
For responsible sourcing it outlined how it is one of four US firms to have reported a conflict-free gold supply chain for five consecutive years.
It described how more than 99 percent of gold sourced by Signet is verified conflict-free.
Looking at environmental stewardship, Signet cut down its absolute energy consumption in the past year by 7 percent and saved more than 11 million kilowatt hours.
It also reduced its greenhouse gas emissions by more than 25 percent, versus Fiscal 2014.
Finally, it also saw success in charitable giving when it collectively raised nearly £4.5 ($6m) in 2018 for its national and international charitable giving partners.