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Signet is committed to managing the social, ethical and environmental (‘SEE’) risks and responsibilities facing the Group. This commitment stems from the understanding that Signet’s success is dependent on the strength and effectiveness of its relationships with various stakeholders: shareholders, customers, employees and suppliers. In recent years stakeholder expectations of public companies have increased. Monitoring, managing and responding as a business to these changing expectations, including with regard to SEE issues, is part of the normal responsibilities of corporate management. The Group regularly carries out SEE risk reviews and benchmarking exercises with the assistance of an external adviser. Such reviews include an assessment of Group policies, procedures and controls in respect of SEE matters. In 2001/02 the Board adopted a ‘Statement of SEE Principles’ (‘Principles’) outlining the Group’s policy to operate as a profitable and reputable speciality jewellery retailer, the Group’s responsibilities to various stakeholders and the SEE principles by which it would operate. While this was the first time these responsibilities and principles had been formally adopted, Signet had adhered to them for some time.The Principles cover the following areas:
accountability to stakeholders
business integrity
human rights
labour standards
health and safety
the environment
community In 2001/02 the Group also adopted a Supplier Code of Conduct (‘Supplier Code’) and policies on business integrity, health and safety, and labour standards. The Principles, Supplier Code and other policies are now incorporated into the Group’s staff induction process, training and operational procedures as appropriate within the business. Signet’s principles and policies are intended to provide a framework with which the divisional policies and procedures conform.They do not replace existing detailed divisional policies and procedures. During 2002/03 the Group reviewed its environmental impact and environmental management system, formally adopted an environmental policy and set itself qualitative environmental targets. The Group also reviewed its community involvement. Signet's current Statement of Principles and Policies are set out below: SEE Principles
Supplier Code of Conduct
Human Resources Policies
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