Economic & Financial Responsibility

Economic & Financial Responsibility

Upholding ethics and integrity across the board

When we do business, we do it right. We prize transparency, integrity and accountability. Always.

Mission

WE PROVIDE OUR CUSTOMERS WITH SUPERIOR CABLE SOLUTIONS BASED ON STATE-OF-THE-ART TECHNOLOGY AND CONSISTENT EXCELLENCE IN EXECUTION, ULTIMATELY DELIVERING SUSTAINABLE GROWTH AND PROFIT.

But we don’t just want to be good for business. We want to be good to do business with. And so, we deliver world-leading products to our customers by putting them at the centre of our daily work. And by endeavouring to truly understand their needs in order provide an exceptional service – from the outset, through to project completion, and beyond.

It’s a truly customer-centred approach. Such a strong reputation for performance and innovation helps us deliver sustainable growth and profit for our stakeholders too, both in the short and long term.

Our constitution

Our Code of Ethics calls on each and every person in the Group, from our Board of Directors, to our employees and interns, to conduct business in a manner consistent with our vision. It is a strategic part of our day-to-day business activities, helping prevent irresponsible or illegal conduct, and it evolves with us as we grow.

It is under-pinned by three main pillars:

  • Ethics in business activities
  • Ethics in internal relations
  • Ethics in environmental and social matters

Our investors and stakeholders

Earning and keeping the trust of our customers, investors and stakeholders long-term is central to everything we do. As a public company we are committed to detailed, clear and timely communication of all information relevant to our business.

 

We conduct over 400 meetings yearly

WITH THE FINANCIAL MARKETS

Our quarterly data is always relayed personally to institutional investors, financial analysts and specialist media representatives.
Prysmian promptly informs shareholders and potential shareholders of any decisions likely to have a material impact on their investment.
You can find out more in our dedicated Investor Relations section.

Economic value distribution to stakeholders

Economic value distribution to stakeholders

We are diligent in the creation of economic value and its fair transmission to our stakeholders.

Prepared with reference to income statement captions reported in the consolidated financial statement as of 31 December 2017.

The economic value generated by Prysmian in 2017 amounted to EUR 7,866 million, of which EUR 223 million (2.8%) consist of profits redistributed to Group Members and interest to third parties and represent the value withheld.

Much of the value (about 97%) was redistributed in the form of:

  • spending on Suppliers (81.2%) - including raw materials and other services

  • payment to Human Resources (13.8%)

  • payment to Lenders (1.1%)

  • payment to the Public Administration (1.0%)

  • contributions to the Community, around EUR 100 thousand (0.001%).