Improving business sustainability
In recognition of our commitment to Corporate Social Responsibility, we have improved our ranking in several international sustainability indices.
In 2017, the Group was ranked third in the "Electrical Components & Equipment" sector of the review of the Swiss sustainability rating agency RobecoSAM. This is included in the Dow Jones Sustainability Index (DJSI), one of the most prestigious world sustainability indices.
The Prysmian Group's attention to environmental sustainability is also reflected in the Group's performance in the CDP Climate Change Report 2017, in whose Italian edition Prysmian is part of the elite of companies that have publicly reported their environmental information as part of the "Climate Change" program. The Group, included in the "Industrials" segment, obtained the B classification (on a scale of 8 values from A to D), confirming its commitment to reducing greenhouse gas emissions, in line with the objectives established by the COP21 of Paris, and to reducing its environmental impact. Moreover, Prysmian, at the request of its international customers, also responded to the Supply Chain program of CDP, both for the Climate Change theme and, for the first time this year, for the Water theme.
Also this year, Prysmian decided to participate in the EcoVadis survey. In 2017, Prysmian improved its position obtaining a score of 70/100, rising from the Silver level, obtained in 2016 with a score of 58/100, to the Gold level, ranked within the 1% of the best suppliers evaluated by EcoVadis.
The Group confirmed its inclusion in the FTSE4Good obtained the highest ratings for social matters, such as health and safety, human rights and the supply chain.
Prysmian improved its score in the Standard Ethics index in 2017, increasing its rating from EE (2016) to EE +, thus ensuring its inclusion in the European Standard Best Practice 30 Best in Class index (composed of European companies with a rating above EE +).
In 2017, Prysmian confirmed for the second year its inclusion in the prestigious Carbon Clean 200 report, as the only Italian firm present and ranked fifty-eighth. Produced as a collaboration between As You Sow, a non-profit, and Corporate Knights, the Carbon Clean 200 report assesses the world’s largest firms, in terms of shareholder base, with reference to their revenues derived from green energy.
For the third consecutive year, Prysmian returns to the Top 10 of the Comprend Webranking 2017 report, published in Italy by Lunquist. This report shows how and how well firms are able to dialogue with their stakeholders via the websites and digital channels available to them. The Group also participated in the 7th CSR Online Award, the first European research promoted by Lundquist that analyses how companies communicate their sustainability and involve their stakeholders on sustainability issues on their digital properties, gaining 25 positions compared to the previous edition and ranking in 18th place.
DOW JONES SUSTAINABILITY INDEXToggle Details
The DJSI is based on an analysis of corporate economics, environmental and social performance, and assesses issues such as: corporate governance, risk management, branding, climate change mitigation, supply chain standard and labor practices. It includes both general and sector specific sustainability criteria.
CDP is amongst the internationally most recognized not-for-profit organization for the assessment of transparency in the disclosure of climate change, GHGs and water resources management related information.
STANDARD ETHICSToggle Details
The Standard Ethics Italian Index is an open-free stock market index on Corporate Governance and sustainability and was launched in 2014 by the independent rating agency Standard Ethics.
The FTSE4Good Index is a series of ethical investment stock market indices launched in 2001 by the FTSE Group which are designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. Research for the indices is supported by the Ethical Investment Research Services (EIRIS).
ESG BLOOMBERGToggle Details
Bloomberg collects Environmental, Social and Governance data from published company material. Bloomberg ESG Disclosure Scores rate companies based on their disclosure of ESG data. Score is given in relation to the industrial sector in which the company operates.
EcoVadis is a platform where companies can register in order to answer a CSR survey and be evaluated as a supplier. The survey is customized for the business sector, size and location. The EcoVadis methodology covers 21 criteria across four themes of Environment, Fair labor practices, ethics/fair business practices, and supplay chian. The methodology is built on international CSR standards.