ur commitment to ensuring the responsible practices of our suppliers and the integrity of our supply chains is embodied in our industry-leading, open-source Signet Responsible Sourcing Protocol (SRSP). This protocol has been developed through a collaborative, multi-stakeholder process that incorporates input from more than 80 suppliers, producers, major jewelry trade associations, civil society, auditors, customers, governments and banks.
Since 2013, the SRSP has been expanded from gold, tin, tungsten and tantalum (3Ts) to cover the supply chains for diamonds, silver and platinum group metals as well as a special section on human rights, developed in line with the Responsible Jewellery Council’s (RJC) Code of Practices references to human rights, produced through extensive consultation with outside stakeholders. Our gold, silver and platinum group metals SRSP requirements are aligned with the London Bullion Market Association (LBMA) Responsible Sourcing Standards. In 2019, Signet published the SRSP Appendix for Colored Gemstones, providing assurance that Signet fine jewelry containing rubies, sapphires and emeralds are verified as responsibly sourced. Also in 2019, the SRSP for diamonds was incorporated into Signet’s James Allen business, and a responsible sourcing protocol was introduced for R2Net D-Market participants, which is consistent with the SRSP Appendix for Diamonds. In 2020, Signet is adding responsible sourcing requirements for laboratory-grown diamonds (LGDs) to the SRSP as a requirement for all suppliers of LGDs.
Courtesy of SIGWATCH, an unaffiliated NGO tracking company based in the United Kingdom
In 2018, Signet’s industry-leading responsible sourcing program, including its SRSP, placed us among the top five companies in the world most praised by NGOs.
SIGWATCH is a private research organization and consultancy that tracks NGO campaigns around the world.Signet’s ranking improved from below #40 in 2017 to #5 in 2019 of the world’s top companies, primarily as a result of our responsible sourcing policies and practices.
|Top 10 for ngo praise in 2019||2017 Ranking||reasons for ngo praise in 2019|
|1||Unilever||1||Palm oil, animal welfare, fragrance disclosure, sustainability|
|2||Allianz||Below 40||Climate commitments (coal)|
|3||AXA||34||Climate commitments (coal)|
|4||Swiss Re||Below 40||Climate commitments (coal)|
|5||Signet Jewelers||Below 40||Responsible gem & mining sourcing|
|6||McDonald’s||14||Animal welfare, plastics, climate & forest commitments|
|7||Aldi||9||Animal welfare, plastics, forest commitments, “healthy checkouts”|
|8||lldi||12||Tobacco, ‘ghost gear’ (discarded plastic fishing nets), fair trade, plastics, caged eggs|
|9||Nestlé||4||Palm oil, ‘ghost gear’, animal welfare, GMOs, cocoa sourcing|
|10||H&M||2||Supply chain transparency & standards, stance on mohair and viscose|