Better positioning also in EcoVadis Index, achieving Platinum Level Recognition
Prysmian Group, world leader in the energy and cable systems industry, has been confirmed in the FTSE4Good Index Series slightly improving its score to 4.0/5.0 from 3.9/5.0 in 2019. In particular Prysmian made a significant progress in the environmental sustainability. The Group has been part of the FTSE4Good Index since 2015.
Prysmian Group has further strengthened its commitment to Sustainability with the definition of a new set of three-year targets (2020-2022), in the framework of the UN SDGs (UN Sustainable Development Goals).
In particular, the Group’s goal is to bring the percentage of its sales from low carbon products to 50% by 2022. The submarine and underground cable systems for power transmission and distribution, cables for renewable energy applications and fibre optic cables are of strategic importance to the energy transition and a decarbonised economy.
The Group also focuses on the sustainability of its operations and supply chain with a pledge for 2022 to decrease its CO2 emissions and its energy consumption by 2-3% and 3%, respectively, while raising the percentage of its waste recycled to 66%.
In the social dimension, the Prysmian’s goal is to increasing the percentage of women in executive positions to 18% and female white-collar employees to 40% with our Side by Side project. In 2020, the Company launched a new remuneration policy that ties bonuses to the achievement of short- and medium-term sustainability objectives in order to integrate ESG (Environmental, Social, Governance) issues into its business strategies even more closely.
Together with the improved performances in the FTSE4Good Index, Prysmian Group also enhanced its score in the EcoVadis Index, reaching 76 out of 100 and thereby achieving Platinum Level recognition. EcoVadis is a platform providing an assessment of companies’ CSR performance (Corporate Social Responsibility) based on international sustainability standards, aiming at monitoring sustainability in global supply chains.
Moreover, Prysmian is rated EE+ by Standard Ethics, an independent sustainability rating company that provides a comparable and standardised rating system, long-term evaluations and fairness: the Standard Ethics Rating (SER).
Last year the Group was included for the first time in the Dow Jones Sustainability Index World, the most important international index recognised for assessing Environmental, Social and Governance (ESG) performances of around 2,700 companies.