Signet Jewelers, which calls itself the world’s largest retailer of diamond jewellery, has launched a new philanthropic foundation.
The Signet Love Inspires Foundation offers grants to not-for-profit charitable organisations that support underserved women and children, as well as social change.
The Foundation also provides matching gifts for Signet US team members who make personal contributions to non-profit organisations meeting established criteria, and builds on Signet’s efforts to champion its community impact programmes, as outlined in its ‘Corporate Citizenship and Sustainability Report’ and support it in achieving its ‘2030 Corporate Sustainability Goals’.
The Signet Love Inspires Foundation already has provided grants in 2021 to non-profit organisations such as the Equal Justice Initiative, The Trevor Project and Jewelers for Children.
“Our Purpose is Inspiring Love,” said Signet Jewelers CEO, Virginia C. Drosos. “It’s based on a fundamental belief we hold dear: the more love there is in the world, the better the world is for all of us.
“We formally established governance for the Signet Love Inspires Foundation with a board of directors, officers and grant committee, along with a robust work plan.
“Our established governance structure enables us to measure impact at every level and communicate progress and results regularly in line with our environmental-, social- and governance-related ‘Three Loves’: ‘Love for All People’, ‘Love for Our Team’, and ‘Love for Our Planet and Products’.”
Signet now gives charitably through the Signet Love Inspires Foundation, as well as its Team Member Relief Fund and cause marketing programmes.