Sustainability plays a central role for the Prysmian Group, committed to promoting a business model that integrates economic, social and environmental responsibility in all aspects and activities of the Group.
Through a strategic approach that considers as key elements the listening and active involvement of all the Group's stakeholders, internal and external, constant attention to the evolution of the global and industry context, as well as the ability to think about the future with a view to responsibility towards the environment and society, Prysmian promotes a business model based on the concept of shared value.
The strength of this approach is the constant monitoring of the Group's sustainability performance along the entire value chain, with the aim not only of assessing performance ex post, but also of developing a proactive attitude in decision-making processes, able to anticipate and seize the new opportunities.
In order to guarantee a strong commitment both inside and outside the Group, in 2016 the Group's sustainability strategy was defined to include:
- Strategic priorities concerning sustainability;
- The related medium-long term targets (to 2020);
- A set of qualitative-quantitative performance indicators aimed at constantly monitoring the progress of the Group's sustainability;
- A set of actions that are updated annually based on the results achieved.
The sustainability strategy is the result of an analysis that considered the context both externally, through the identification of the main trends in the global and sector context, and internally, i.e., the priorities expressed by the Remuneration, Appointment and Sustainability Committee of the Board of Directors.
The mapping of sustainability priorities for Prysmian has therefore considered the global priorities for sustainable development defined by the 17 UN Sustainable Development Goals 2030 (SDGs), the requests coming from the main International Sustainability Indexes (Dow Jones Sustainability Index, FTSE4GOOD, CDP, Bloomberg ESG, etc.) and needs and expectations of the Group's stakeholders, mapped every year also through stakeholder engagement initiatives carried out by the Group.
The analysis of the above has allowed the Group to establish its strategic priorities, its targets and the actions necessary to achieve its defined sustainability objectives by 2020.
Prysmian has selected five SDGs to which it expects to be able to contribute the most, and translated them into a Sustainability Plan consisting of priorities, targets and actions that are consistent with our business and corporate values. With these assumptions, the Group has developed its own "Scorecard" as follows.
Discover our targets.