Materiality Analysis

In 2017, as every year, the Prysmian Group updated its materiality analysis in line with the "G4 Sustainability Reporting Guidelines" of the GRI, defined in 2013 by the GRI - Global Reporting Initiative and adopted by the Group, for the first time, during preparation of the 2014 Sustainability Report.

The analysis of materiality makes it possible to identify the sustainability issues that have significant impact both for the Group and for its stakeholders, in economic, environmental and social terms, as well as to map the new needs and the new requirements of the stakeholders in relation to the strategy and the Group's risk management process.

The materiality analysis process followed by the Prysmian Group involves 4 phases:

1.            Stakeholder mapping and identification of sustainability issues relevant to the Group;

2.            Prioritisation of the issues based on the evaluation of their relevance for the Group;

3.            Prioritisation of the issues based on the evaluation of their relevance for the Group's stakeholders;

4.            The elaboration of the materiality matrix.

Materiality Analysis

The four themes considered to be a priority both by the Group and by Prysmian's stakeholders are therefore:

•     Business ethics and integrity: the theme includes the Group's commitment to a business management model based on the highest standards of ethics and integrity and compliance with laws, regulations, anti-corruption policies and procedures and anti-competitive conduct.

•     Technological development and eco-design innovation: in terms of the development of technological and innovative solutions through research and development and collaboration with external partners such as customers, suppliers, research centres and universities. In addition, it includes product design and engineering that takes into account the environmental and social impact during the life cycle of a product (from procurement of raw materials to disposal).

•     Human rights and workers' rights: Group policies and procedures on human rights, banning child / forced labour, respect for freedom of association and collective bargaining, fair pay and health at work.

•     Health and safety at work: the Group's intention to invest in workers' health and safety, by introducing occupational health and safety management systems aimed at reducing the number of accidents and occupational diseases, as well as developing training programmes on health and safety in accordance with local laws and regulations

With respect to 2016, the importance attributed to the themes identified in the previous analysis is confirmed, with an increase in relevance for the following points:

•     "Energy consumption and emissions" "Waste production and recycling" and "Use of water resources" in light of global developments related to environmental issues (COP21, Agenda 2030, etc.);

•     "Sustainability within the supply chain", an aspect considered to be growing as it covers the management of relations with all the players in the supply chain in terms of protection of human rights, environmental and social responsibility;

•     "Human rights and workers’ rights", an aspect that has grown in importance due to the growing presence of the Group in several countries where human rights issues are a priority.