Prysmian Group adheres to the Global Compact, whose principles and spirit are reflected in the Group's culture, values and practices. ESG (Environmental, Social and Governance) values are deeply embedded in the Group's DNA, inspiring its strategic priorities and influencing its day-to-day behavior. As a leading group in the sector in which it operates, Prysmian leverages the values, Mission and Vision that guide its activities and that are integrated into the solutions and products it offers, thus pursuing its ambition to play the role of technological enabler in the energy transition and digitalization process of tomorrow's world.
Sustainable supply chain management, pursued by the Prysmian Group, thus involves analyzing the environmental, social and economic impacts of its activities and encourages good governance practices through life cycle analysis of goods and services. The goal of sustainable supply chain management is to create and improve the long-term social, environmental and economic value of the products and services produced for all stakeholders involved, with a view to a just transition.
Prysmian Group is committed to having and offering its customers a Conflict Free Supply Chain and aims to maintain an accurate database that allows it to keep track of mineral purchases, mitigating related risks as much as possible. To do this, Prysmian has implemented a multi-step process:
- Step 1: Identifying suppliers of 3TGs (Conflict Minerals, i.e., tin, tungsten, tantalum, and gold) in the Supply Chain: Beginning with the design of products where these materials are needed, Prysmian defines the list of suppliers to be involved in the analysis process. Of the four Conflict Minerals Prysmian uses only small quantities of tin.
- Step 2: Supplier companies are interviewed using the Conflict Minerals Reporting Template ("CMRT") designed and published by the Responsible Minerals Initiative (RMI).
- Step 3: Analysis of the responses received so as to trace the entire value chain, identifying and analyzing smelters used by Prysmian's suppliers. RMI created a mapping of tin smelters classified as "Compliant Smelters" (positively audited smelters), "Active Smelters" (audits in progress) or smelters not identified by RMI.