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Prysmian Group - Sustainability Week 2023

Sustainability Week in Numbers


external and internal stakeholders attending the event in person


streaming participants through digital platforms


employees involved in organising the event across 12 Regions and Divisions


external speakers from companies, associations and universities


innovative ideas received thank to the Call 4 Ideas initiative


innovators - submitters and team members - involved in Call4Ideas


minutes of live streams watched

An event for a deep dive into environmental, climate and social matters, and innovation.

The Sustainability Week event, held from 27 to 29 June 2023 at Prysmian Group’s headquarters, saw the participation of over 200 external stakeholders, including clients, suppliers, partners, associations and investors, along with over 6,500 streaming participants, who took part in the event through our digital platforms. Our Sustainability Week was attended by the Group’s managers, Sustainability Ambassadors and over 200 employees from all the Company's Regions and Divisions who contributed actively to ensuring complete engagement by all stakeholders at the global and local level.

Annual stakeholder engagement meeting between Prysmian Group’s top managers and stakeholders.

On the occasion of its Sustainability Week 2023, Prysmian Group presented the progress made in its sustainability strategy and the new targets for the 2023-2025 three-year period. The event was an opportunity to highlight how the Group looks at sustainability as its business driver, pursuing a strategic vision based on the highest standards of environmental responsibility for production processes, strengthening its commitment to protecting the environment and managing relations with the local communities in which it operates, as well as in terms of people’s inclusion and growth.

At the event, Prysmian also announced the approval of its new SBTi targets: the Company has reinforced its commitment to combating climate change by setting new and more challenging goals. The Company has committed to cutting by 47% its Scope 1 and 2 emissions and by 28% its Scope 3 emissions by 2030, compared to the 2019 baseline, and to achieve a 90% reduction of Scope 1 and 2 emissions by 2035 and Scope 3 emissions by 2050. All near-term targets (revised upwards compared to 2021) and net-zero targets have been approved by the Science Based Target initiative (SBTi).

Prysmian Group Sustainability Week 2023

What are the most relevant matters for our stakeholders? This is what we need to know.

Prysmian Group holds a continuous dialogue with all the people most involved in its business, so that it can incorporate their main concerns into its overall strategy aimed at making cables for the energy and digital transitions. This event was an opportunity for us to find out what has changed about our stakeholders’ priorities.

Main topics of the event

The main topic of the event was sustainability as a business driver. The Group has reinforced its commitment towards the decarbonisation process of its sector and supply chain, through the definition of increasingly challenging targets. All near-term targets (revised upwards compared to 2021) and net-zero targets have been approved by the Science Based Target initiative (SBTi):

  • - 47% Scope 1 and Scope 2 emissions by 2030;
  • - 28% Scope 3 emissions by 2030;
  • achieving a 90% reduction of Scope 1 and 2 emissions by 2035 (compared to the 2019 baseline);
  • achieving a 90% reduction of Scope 3 emissions by 2050 (compared to the 2019 baseline).

Prysmian's carbon footprint reduction target is also consistent with the circular economy roadmap set by the Company that envisages actions aimed at achieving a share of

  • revenues from sustainable products at 57% in the EU;
  • revenues from sustainable products at 19% in the rest of the world;
  • recycled content in polyethylene and copper jackets of 15-16% by 2025.

During the Sustainability Week , some important external guests and the Group’s top managers delved into several topics, including:

  • the Group’s priorities and new sustainability targets;
  • the comparison between the United States Inflation Reduction Act (IRA) and the EU Green Deal & Net Zero Industry Act (NZIA);
  • sustainability as one of the Group’s business drivers;
  • the role that finance can play for sustainable development;
  • the Company’s commitment to generating a positive impact on the communities;
  • energy transition, electrification and digitalisation, with in-depth discussion about the main challenges to be faced by the Company’s three business areas, as proof of how sustainability is truly integrated into the Group's business.

The initiative Call 4 Ideas

The Sustainability Call4Ideas Fair was held on the occasion of the Sustainability Week event. This is a tangible initiative of the Group, coordinated by the Sustainability and Research & Development teams and Prysmian Group’s Corporate Hangar venture builder, aimed at collecting innovative ideas from employees in all Prysmian's local Regions and Divisions and developing new sustainability-related services and products, with the aim of implementing them at local and, potentially, global level. The initiative saw the participation of over 1,000 employees who sent an idea, as well as over 200 colleagues from the Group’s various Regions and from all of Italy who presented their innovative ideas through the exhibition booths set up in the space adjacent to Prysmian headquarters.

“The Group’s commitment is no longer focused solely on its operations, but on the entire value chain. Our efforts aim to anticipate our clients’ needs, increasing engagement with suppliers and focusing on constant innovation, leveraging our technological and industrial leadership to amplify the positive impact that Prysmian may have on the communities.”
Maria Cristina Bifulco
Chief Sustainability Officer &
Group IR VP
Prysmian Group

Sustainability Week 2023 Presentations

Massimo Battaini - “How is Sustainability supporting PG business strategy?”

Maria Cristina Bifulco - “Sustainability as a business driver: update on Prysmian Group targets and action plans”

Carlo Carraro - “A comparison between US IRA and EU Green Deal & NZIA”

Juan Mogollon - “The transformation of the energy landscape”

Hakan Ozmen - "The role of cable in a Sustainability Challenge"

Fabrizio Rutschmann - “Making an impact”

Srinivas Siripurapu - "Sustainability by design and innovation"

Srinivas Siripurapu - “The opportunity of decarbonising mobility”

Philippe Vanhille - “Digitalization & Connectivity: the concrete value of a sustainable approach”

SW23 - Sustainability as a business driver

SW23 - A comparison between US IRA and EU Green Deal & NZIA

SW23 - How is Sustainability supporting PG business strategy?

SW23 - Sustainable Finance