Signet Jewelers Righting Ship: Issues CSR Report, Appoints Judge to Review Practices

Compliance
20/04/2017 09:59

Following the end of year 2016 in which poor sales performance and management changes were overshadowed by the reemergence of allegations of rampant sexual harassment and discrimination, Signet Jewelers is clearly making an effort to polish its image and right its ship, publishing its first ever Corporate Social Responsibility Report and appointing a "prominent judge to conduct a thorough review of the company’s policies and practices regarding equal opportunity and workplace expectations." 

Signet has announced that its new Board Committee focused on Respect in the Workplace has appointed former federal Judge Barbara S. Jones, a partner at Bracewell LLP, to conduct a thorough independent review, having first announced plans to commission the review last month. “Judge Barbara Jones’ integrity is impeccable. She and her team have had a distinguished career in matters relating to workplace compliance issues and she will bring that experience to the company as she conducts a review of company policy and practices,” said Helen McCluskey, Signet Director and Chair of the committee. “Judge Jones will help us ensure our programs are functioning as intended and to identify areas where we can further improve.”

Ealier this week they published their first Signet Corporate Social Responsibility Report that, "focuses on Signet's four key pillars: People, Responsible Sourcing, Environmental Stewardship and Corporate Giving," which they say, "benchmarks the Company's industry-leading responsible sourcing and global CSR initiatives." Mark Light, Chief Executive Officer of Signet Jewelers, said of the CSR report, "We are committed to ensuring our jewelry is sourced and made responsibly, we continue our long tradition of giving back to the communities in which we live and work, we incorporate environmentally responsible best practices; and we champion our Team Members." The highlights of the CSR Report are summarized in their April 17 press release.