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TOP CONTENT

For Prysmian Group, sustainability is a key principle that guides investment choices, economic activity and relations with stakeholders.

 

Prysmian Group’s industrial investment strategy seeks to improve efficiency by concentrating the production of higher value-added cables in selected plants destined to become centers of excellence with high technological skills and, where possible, the ability to leverage economies of scale.

At the same time, we are working to achieve greater manufacturing efficiency in the commodities sector, while maintaining a well-diversified geographical presence in order to minimize distribution costs. In 2021, Prysmian Group invested €283 million in our industrial development, compared with €246 million the year before.

Investment to increase production capacity accounted for 66% of overall spending, and about 17% was allocated to achieving efficiency improvements and reductions in fixed and variable costs (mainly product design and material usage). Another 10% of investment expenditure was dedicated to further development of the Group’s IT systems, Digital Transformation initiatives, and R&D.

 

At Prysmian Group, innovation and sustainability are two sides of the same coin and a fundamental strategic approach to creating sustainable value for all stakeholders. Sustainability is a guiding principle for R&D as we seek to create products that consume less and deliver more, use lighter materials, more efficient design and reducing hazardous materials.

Globally, Prysmian Group R&D consists of more than 900 professionals, working in 26 R&D centers around the world, for a budget of €107 million in 2021 on an innovation strategy aimed at making Prysmian a key player in the value chain supporting the energy transition, digitalization and sustainability.

In order to work more closely with stakeholders on innovation projects and carry out research, the Prysmian Group has created an eco-system in close contact with customers and suppliers, as well as with the best universities in the world, focusing on innovation areas of greatest interest for their environmental impact and the evolution of the sector.

Distribution of value to stakeholders

The total economic value created by the Group for all stakeholders stood at €13.48 billion in 2021.

A large part of the value was redistributed, for a total of €13.17 billion.

Of that amount,

  • 81.49% was spent on suppliers;
  • 11.28% was paid to staff;
  • 5.96% went to lenders for interest on financing;
  • 1.26% was paid to the Public Administration,
  • and 0.02% was contributed to the community.

 

As a public company with a 100% free float and no controlling shareholder, our relationships with investors are crucial. Every year we organize over 500 meetings with members of the financial community, guided by the highest standards of accuracy, clarity and transparency.

Our disclosure and communications procedures are designed to provide the market with credible information about the business, with a view to boosting confidence in the company and facilitating a long-term approach to investment in our shares.

In addition, the ever-increasing attention paid by ESG investors to environmental, social and governance matters was further confirmed by their growing attendance at meetings and conferences held specifically for them.

The coverage of Prysmian shares by analysts remains very high, 19 independent analysts who regularly rate the Prysmian stock.