Company Directory - Signet Jewelers
Company Details - Signet Jewelers
Signet Jewelers
WebsiteHamilton, Bermuda
3000 Locations
Signet Jewelers is a leading retailer of diamond jewelry, watches, and other accessories. Their portfolio includes well-known brands such as Kay Jewelers, Zales, and Jared, making them one of the largest operators in the specialty retail jewelry market.
CCI Score
CCI Score: Signet Jewelers
18.33
-0.01%
Latest Event
Gender Bias Settlement in Long-Running Litigation
Signet Jewelers announced a $175 million settlement to resolve long-running gender bias litigation affecting 68,000 female Sterling Jewelers employees, addressing claims of unequal pay and promotion practices. The settlement, which comes with a $190 million pre-tax charge and averts a potentially larger arbitration proceeding, highlights issues in the company's labor relations and human rights practices.
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SABOTEUR
Signet Jewelers is currently rated as a Saboteur.
Latest Events
- JAN142025
Signet Jewelers announced a $175 million settlement to resolve long-running gender bias litigation affecting 68,000 female Sterling Jewelers employees, addressing claims of unequal pay and promotion practices. The settlement, which comes with a $190 million pre-tax charge and averts a potentially larger arbitration proceeding, highlights issues in the company's labor relations and human rights practices.
-60
Labor Relations and Human Rights Practices
April 8
The settlement confirms longstanding gender bias issues within the company, where female employees were paid less and promoted less frequently than their male counterparts. While the settlement provides financial redress, it also underscores systemic labor rights violations that align with authoritarian corporate practices by undermining equitable treatment in the workplace.
Signet Jewelers Announces a $175 Million Gender Bias Settlement
- SEP012024
In September 2024, Signet Jewelers updated its Responsible Sourcing Protocol, broadening requirements to cover colored gemstones, lab-grown diamonds, and incorporating a dedicated human rights appendix. This move emphasizes the company’s commitment to transparent, ethical, and conflict-free supply chain practices across its global operations.
+90
Supply Chain Ethics
April 8
The update of the Responsible Sourcing Protocol, which includes rigorous standards aligned with OECD guidelines, accredited refinery sourcing for precious metals, and third-party audit provisions, highlights Signet's commitment to ensuring a conflict-free and ethically managed supply chain. This proactive measure supports responsible supply chain ethics and transparency.
+80
Labor Relations and Human Rights Practices
April 8
By integrating a specific appendix on human rights into its sourcing protocol and requiring suppliers to adhere to strict labor and human rights standards, Signet reinforces its commitment to ethical labor practices and the protection of worker rights throughout its supply chain.
- JUL012024
A ProPublica snapshot indicates that Ogilvy Government Relations is actively lobbying on behalf of Signet Jewelers Limited, highlighting a corporate political strategy that may influence policymaking.
-10
Political Contributions and Lobbying Efforts
April 8
The article reports that Signet Jewelers has engaged Ogilvy Government Relations for lobbying efforts. Such corporate political engagement can be problematic as it may contribute to disproportionate influence over policy decisions and a lack of transparency, which is concerning from an anti-fascist perspective.
Lobbying for Signet Jewelers Limited by Ogilvy Government Relations ...
- JUN092023
Signet Jewelers reached a $175 million settlement to resolve long-running gender bias litigation alleging unequal pay and promotion practices against 68,000 female Sterling Jewelers employees. The settlement, announced on June 9, includes measures addressing claims from as far back as 2004 and reflects the company's move toward an inclusive work environment.
+70
Labor Relations and Human Rights Practices
April 8
The $175 million settlement addresses severe allegations of gender discrimination in pay and promotion practices, which have historically undermined the rights and dignity of female employees. By resolving these claims and taking steps toward a more inclusive and equitable workplace, Signet Jewelers demonstrates a corrective move in labor practices. From an anti-fascist perspective, committing to fair treatment and dismantling biased practices is a positive development, despite the organization's problematic past behavior.
UPDATE 2-Signet Jewelers unit reaches $175 mln settlement of gender bias lawsuit
- JAN012023
Signet Jewelers settled a nearly 15-year-old gender bias lawsuit by paying $175 million on behalf of its subsidiary Sterling Jewelers. The settlement addresses allegations of gender discrimination in pay and promotions affecting approximately 68,000 employees, and is accompanied by the company's public commitment to advancing diversity, equity, and inclusion in the workplace.
+70
Labor Relations and Human Rights Practices
April 8
The settlement and accompanying statements by Signet CEO Gina Drosos indicate a corrective action towards discriminatory practices and a commitment to improving workplace diversity and inclusion. Addressing long-standing gender bias through significant financial compensation and policy changes is a positive indicator in advancing human rights and labor relations.
Signet Jewelers stumps up £140m settlement in gender bias lawsuit
- FEB192018
Signet Jewelers has advanced its supply chain practices by implementing its Responsible Sourcing Protocols for gold and diamonds. The measure emphasizes transparency, human rights due diligence, and adherence to international standards such as the Responsible Jewellery Council, despite limited disclosure regarding gold supplier specifics.
+35
Supply Chain Ethics
April 8
Signet Jewelers has proactively implemented award-winning Responsible Sourcing Protocols that mandate strict supplier standards and third-party audits, reinforcing transparency and ethical due diligence in its global jewelry supply chain. While full traceability of gold sources is not provided—consistent with industry standards—the overall approach strengthens human rights and supply chain integrity, aligning with progressive, anti-fascist values.
PDF How Signet Leads: Driving Integrity in the Global Jewelry Supply Chain
- FEB082018
A 2018 Human Rights Watch report scrutinizes Signet Jewelers' practices in responsible sourcing. While the company has implemented Responsible Sourcing Protocols for both gold and diamonds, its measures—especially for gold—largely rely on certifications by the Responsible Jewellery Council. This reliance limits transparency and does not fully address the human rights risks inherent in complex supply chains.
-30
Supply Chain Ethics
April 8
The report indicates that Signet Jewelers employs a Responsible Sourcing Protocol that focuses on ensuring conflict-free gold, but does not require comprehensive due diligence or full chain of custody. Reliance on the RJC certification system fails to uncover all upstream human rights abuses, rendering the company’s practices moderately insufficient from a human rights and ethical sourcing perspective.
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Corporate Financials
- Revenue
- 2023
- $2.35B
- Total Assets
- 2023
- $3.07B
- Operating Income
- 2023
- $277.00M
- Total Equity
- 2023
- $1.36B
Employees: 8,000
Industries
- 448190
- Other Clothing Stores
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- Jewelry Stores
- 448320
- Luggage and Leather Goods Stores