Climate Change Ambition

SUSTAINABILITY

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, in collaboration with the Science Based Targets initiative, the most trusted voice in terms of emissions reduction goals and for companies aiming to achieve “net zero” status.  We are taking steps to fully decarbonize 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 90% of our emissions, to phase out SF6 emissions, and to use 100% renewable energy for electricity.

To achieve this, we will spend approximately €100 million over 10 years across our global operations of over 100 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

Prysmian originally submitted and received the approval of its Near-Term Targets in 2021, committing to decarbonize 46% of its Scope 1&2 emissions by 2030 and to decrease Scope 3 emissions by 21% in the same timeframe.

In 2022 then, the company decided to upgrade the level of commitment with the SBTi and submitted Long-Term targets, pledging to reach 90% reduction in CO2 emissions by 2035 for Scope 1&2 and by 2050 for Scope 3.

Our commitment is to reach net-zero GHG emissions across the value chain by 2050, to reduce absolute scope 1 and 2 GHG emissions 47% by 2030 from a 2019 base year. Prysmian also commits to reduce absolute scope 3 GHG emissions 28% within the same timeframe. In the long term, Prysmian commits to reduce absolute scope 1 and 2 GHG emissions 90% by 2035 from a 2019 base year, and to maintain at least 90% absolute reduction through 2050. Prysmian also commits to reduce absolute scope 3 GHG emissions 90% by 2050 from a 2019 base year.

The set of Near-Term and Long-Term targets, alongside with the commitment to neutralize any residual CO2 produced with removal carbon credits it is the most trusted climate pledge that a company can do, and translates in the Net-Zero goal, which Prysmian plans to achieve in 2050.

By that time, Prysmian will not only have effectively decarbonized its operations, but the one of the whole supply chain. This means that it will be able to offer products completely carbon free, from the moment the metal is sourced, to the end of life of the cable after its use and throughout its whole lifetime.

Transition plan towards net zero target

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 2023-2025 Scorecard 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.

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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.

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Our investment in sustainable innovation

Prysmian’s 1000 professionals carry out Research & Development at 26 centers around the world, accounting for a €114 million investment in 2022. 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 continuous work and commitment in Research and Development confirms the strategic priority of the Group to innovate in favor of the energy transition process.

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2022 Certifications

Prysmian's goal is to exceed its customers' expectations and to uphold its commitments to its stakeholders — individuals, partners, suppliers and shareholders — while also reinforcing its position as a solid market leader.

The management systems in place at all production plants are ISO 9001-certified, bearing witness to the Group's commitment to the performance of its quality management system and constant improvement of its processes. External certification audits are performed each year on the main company processes, including performance analysis, risk management, procurement, planning, design, sales.

In addition, all health, safety and environment policies and initiatives are compliant with the ISO 45001, ISO 14001 and ISO 50001 international standards.

At the end of 2022, the percentage of Prysmian's plants certified ISO 14001 rose to 97%, and six new facilities were awarded ISO 45001 certification, bringing the global percentage to over 73%. Various types of organisational units within the Group were certified, including research centres, installation activities and assembly and distribution centres. The HSE function monitors and periodically updates the ISO 14001 certification programme to ensure compliance with certification objectives and to plan the integration of any new acquisitions in a timely manner.

The Group's rules and methods on Quality, Health, Safety and the Environment are designed to ensure that all of its activities meet its customers' requirements, technical standards, applicable laws and regulations and internal company policies. Prysmian is committed to promoting a business model that integrates economic, social and environmental responsibility into all its aspects and activities.

Download the Certification ISO 9001:2015

Health, Safety, Environment and Energy Policy

Download the policy Integrated sustainability strategy