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Signet Ranks on Social-Responsibility Index
Aug 9, 2017 5:03 AM
By Rapaport News
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RAPAPORT... Signet Jewelers has joined an index of socially responsible
companies, the retailer announced Tuesday.
The company is now a component of the FTSE4Good US and
Global Indices, joining other publicly traded firms with strong environmental,
social and governance (ESG) practices, Signet said.
FTSE Russell, a UK-based provider of stock market indices,
said its FTSE4Good indices were designed to measure the performance of such
companies.
The number of investment funds incorporating ESG factors has
mushroomed in the past 20 years, according to data from Bank of America Merrill
Lynch.
“Signet is proud of our commitment to reducing our energy
consumption and raising our efficiency levels across our business,”
said Lynn Dennison, the jeweler’s chief legal, risk and corporate-affairs
officer. “Our responsible sourcing efforts have led the industry as one of four
US companies to have reported a conflict-free gold supply chain for four
consecutive years.” |
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Tags:
Corporate Social Responsibility, FTSE Pearson, Rapaport News, Signet, Signet Jewelers, stocks
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