Retailers

Signet joins Paradigm for Parity coalition to advance gender equality

The movement intends to achieve full gender equality in corporate leadership by 2030 via a five-point action plan

Global diamond retailer Signet Jewelers has announced its commitment to the Paradigm for Parity coalition in a bid to advance gender parity in corporate leadership.

The movement intends to achieve full gender equality in corporate leadership by 2030 via a five-point action plan.

Included in the plan are efforts to minimise or eliminate unconscious bias, increase the number of women in senior operating roles, measure targets at every level and communicate progress and results regularly, base career progress on business results and performance, and identify women of potential and give them sponsors and mentors.

Currently, women comprise 42% of Signet’s board of directors, 50% of its leadership team, and 40% of employees holding the title of vice president and above.

Virginia Drosos, CEO at the company, said: “We are intentional about creating a work environment within Signet where women feel respected, included, supported, and positioned for success in both their personal and professional lives. 

“This has been and continues to be an integral part of our overall business transformation plan and key to our values-driven, people-first culture in which we aim to deliver on our purpose — inspiring love.”

She added that the group’s paradigm for parity involvement provides a “strong roadmap” to build on its existing efforts to “ensure gender equality” across its team and wider “sphere of influence”.

Sandra Quince, CEO at Paradigm for Parity, added: “The Paradigm for Parity coalition welcomes Signet to our over 130 committed companies that are working to achieve gender parity in corporate leadership.

“When companies put people first and use our toolkit to implement our five-point action plan, it catalyzes change and creates cultures to more effectively increase women of all races, cultures and backgrounds in leadership positions.”

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