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Climate Change Ambition

Prysmian Group contributes to achieving the energy and digital transitions by continually improving the environmental performance of its products. But that’s not enough. We also take steps to reduce the environmental impact of our production systems by the efficient use of natural resources, the optimization of logistics flows and the responsible management of waste and energy. We have started a process for the definition of medium/long-term emissions reduction objectives for a net-zero climate change strategy aligned with the Paris Accord that responds to ever-stricter requirements in the fight against climate change.

Climate Change Ambition

We seek to become a global leader in sustainability. Prysmian Group has announced our net-zero Climate Change Ambition of carbon reduction targets, which were approved by the Science Based Targets initiative in September 2021. We are taking steps to achieve net zero carbon emission for our internal activities (Scope 1 & 2) by 2035, and by 2050 for our supply chain (Scope 3) emissions.

These goals call for us to decarbonize 80% of our Scope 1&2 carbon footprint, to phase out SF6 emissions, and to use 100% renewable energy for electricity.

To achieve this, we will spend approximately €100 million over the next 10 years across our global operations of over 130 sites. The Climate Change Ambition seeks to position the Group as one of the main technological players in the transition to low-carbon energy.

Science-based targets initiatives

In 2021, the Group set science-based emissions reduction goals aiming to achieve “net zero” carbon emissions by 2035  for its own operations (Scope 1 and 2) and by 2050 for emissions generated by the value chain (Scope 3). Prysmian Group is being supported in these goals by Carbon Trust and the project seeks to establish scientific carbon reduction objectives, approved in September 2021 by the Science Based Target Initiative as “Science-Based Targets,’’ i.e. consistent with those deemed necessary by climate science in order to achieve the Paris accord objectives. In 2021, Prysmian signed the SBTi commitment, with Business ambition for 1.5C (Option 2), and is currently completing the Scope 3 decarbonization trajectory.

Our Environmental Performance

The Group monitors and reports its environmental impacts in terms of energy and water consumption, hazardous and non-hazardous waste, recycled waste and greenhouse gases. Our 2022 targets call for us to reduce our environmental footprint. Prysmian reports also those impacts that are most significant in terms of responsibility towards employees, local communities and as a competitiveness and value factor for the Group.

Our Sustainable Products

One of the ways we are working to achieve the energy transition for our clients is to make our products increasingly sustainable. We have launched the industry’s first green label with ECO CABLE, an internally developed label, based on internationally recognized criteria, that measures the carbon impact of selected products. Alesea is an IoT solution that provides virtual assistance for cable drum management, cutting down on waste. Our P-Laser cable is 100% recyclable. Pry-ID and Kablee both use digital technology to help cut down on energy use and waste.

Our investment in sustainable innovation

Prysmian Group’s 900 professionals carry out Research & Development at 26 centers around the world, accounting for a €107 million investment in 2021. We also reach outside the company to invest in an innovation eco-system in close contact with customers and suppliers, as well as some of the best universities in the world. Our R&D work continued during the pandemic, confirming the strategic priority to innovate in support of the energy transition process.

Certifications in 2021

New ISO 45001 certificates were obtained in 2021 by a further nine plants. By the end of 2021, the percentage of certified Prysmian Group plants is rose to 90% from 83% for ISO 14001 and was slightly lower at 69% for OHSAS 18001/ISO 45001, mainly due to the acquisition of some uncertified operating units. The HSE function monitors and periodically updates the ISO 14001 certification program, to ensure compliance with the certification targets, and to schedule the integration of any new acquisitions in a timely way.