Prysmian Group improves its 2019 performance in leading sustainability indexes
Prysmian’s sustainability strategy is implemented through a set of 16 targets for 2020, on which the management carries out annual updates. Progress is monitored by the Sustainability Steering Committee chaired by the group’s Chief Operating Officer.
New targets will be set this year for 2022, and will include General Cable (acquired in 2018) for the first time. Prysmian Group’s 2019 Sustainability Report released next month will provide an update on where the Group stands on all of its targets.
In 2019, Prysmian Group improved its scores in the FTSE4Good index, the Dow Jones Sustainability Index, Ecovadis and the MSCI ESG. Moreover, Prysmian Group was included for the first time in the Dow Jones Sustainability Index World, the most important international index recognized for assessing Environmental, Social and Governance (ESG) performances of around 2,700 companies. The score in the Dow Jones Sustainability Index rose to 84/100 in 2019 from 79/100 the year before.
Its CDP Climate Change score was B, unchanged from 2018.
Prysmian Group’s FTSE4Good score improved to 3.9/5 in 2019. The Group was included in the STOXX Europe 600 ESG-X in 2019. The Ecovadis score improved to 73/100 from 70/100 in 2017. Lastly, our MSCI ESG ranking rose to A in 2019 from BBB in 2018.
Sustainability indexes are useful tools to measure the extent to which a company bases its decisions on social and environmental factors in addition to economic performance and help guide investors when they make decisions.
Prysmian Group’s sustainability journey is based on clear and comprehensive set of medium terms objectives defined within the frame of the UN Sustainable Development Goals. Prysmian is putting particular efforts in improving its environmental performances through the whole supply chain, pushing sustainable product innovation, ensuring respect of human rights and enhancing human resources also through a wide diversity and inclusion program. It is acting as an enabler in the transition to green energy sources and faster communications networks.
Sustainability indexes are useful tools to measure the extent to which a company bases its decisions on social and environmental factors in addition to economic performance and help guide investors when they make decisions.
Prysmian Group’s sustainability journey is based on clear and comprehensive set of medium terms objectives defined within the frame of the UN Sustainable Development Goals. Prysmian is putting particular efforts in improving its environmental performances through the whole supply chain, pushing sustainable product innovation, ensuring respect of human rights and enhancing human resources also through a wide diversity and inclusion program. It is acting as an enabler in the transition to green energy sources and faster communications networks.
Reaching 2020 sustainability goals
In some cases, Prysmian has already reached or exceeded its own 2020 sustainability goals. For example, it improved its percentage of waste recycled in 2018 to 66% of the total from 50% in 2017 – ahead of the 40% target set for 2020. Likewise, reuse of cable drums also reached the 2020 target a year ahead of time, rising to 50% in 2018 from 40% the year before. These figures do not include General Cable, therefore, the upcoming 2019 Sustainability Report will be based on figures that will based on the whole Group for the first time.
It also improved its performance in terms of product families covered by the calculation of CO2 emissions (to 60% in 2018 compared to 5% in 2017) and increased the percentage of recyclable products purchased annually to support the circular economy to 86% from 80%.
It also improved its performance in terms of product families covered by the calculation of CO2 emissions (to 60% in 2018 compared to 5% in 2017) and increased the percentage of recyclable products purchased annually to support the circular economy to 86% from 80%.