First inclusion in the most reputed sustainability international index.
Prysmian Group, world leader in the energy and telecom cable systems industry, has been 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.
Following the review of the RobecoSAM Swiss sustainability rating agency, Prysmian has been included in the DJSI within the “Electrical Components & Equipment” industry (Capital Goods) with a score of 84/100, increasing by 5 points 2018 performances and improving by far the Economic and Environmental dimensions, with a significant step forward. Social dimension’s scores are in line with the previous year and with industry best results.
“As stated in our Mission, we are committed to develop the best cable and fiber optic technology for the transition to a cleaner and smarter use of energy resources and to support the digitalization and decarbonization of economies. Sustainability is therefore really included in our business and represents a strategic opportunity to be pursued together with our customers. The inclusion in the DJSI is the reward of all efforts we are putting in improving our environmental, social and governance performances and practices”, affirms Prysmian’s Group CEO Valerio Battista.
“We congratulate Prysmian Group for being included in the DJSI World. The SAM Corporate Sustainability Assessment has again raised the bar in identifying those companies best-positioned to address future sustainability challenges and opportunities. This year – which marks the 20th anniversary of the DJSI – record corporate interest in the SAM CSA reflects the enduring relevance of the DJSI for measuring and advancing ESG practices", Manjit Jus, Head of ESG Ratings, RobecoSAM declares.
“We are committed to develop the best cable and fiber optic technology for a more sustainable use of energy resources and to support digitalization and decarbonization”, says CEO V. Battista.
Prysmian Group sustainability journey started years ago and is based on clear and comprehensive set of medium terms objectives covering all main ESG themes, 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.
In the last years Prysmian reached significative milestones in sustainable product innovation, with the the launch of the innovative Flexribbon technology, enabling to increase fiber densification and therefore reduce material usage; the new 17 FREE Riser communication cables, produced without halogens and thus avoiding emissions of dangerous gases and heavy smokes; the E3X technology used for Power Distribution and Transmission systems that provides 25% lower line losses.
In 2019 Prysmian has been included also in the prestigious FTSE4Good Global Index, in the STOXX Italy 45 ESG-X and in STOXX Europe 600 ESG-X. Moreover, it is rated EE+ by Standard Ethics, a London-based independent sustainability rating company that provides a comparable and standardized rating system, long-term evaluations and fairness: the Standard Ethics Rating (SER). The Group was also recently included in the Carbon Clean 200 Report, a report that evaluates the world’s largest public companies on the basis of their green energy revenues. Also this year, Prysmian participated in the EcoVadis survey, reaching the gold level through a score of 73/100 (+3 point vs 2017).