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OVERVIEW

Committed to Sustainable Development

Achieving financial targets is no longer the only goal for businesses today. Decisions are intertwined with complex considerations about impacts in the health, safety and environmental spheres. The Sustainable Development Goals (SDGs) set out by the United Nations indicate actions to reduce poverty, hunger, inequality and pollution by 2030, which are a call for action for all countries. As an international company, Prysmian embraces those goals and uses them as a guide for its sustainability strategy. Prysmian is committed in increasing its revenue from low-polluting products, increasing its waste recycling, and cutting down on emissions. These targets are monitored by the top management, and part of their variable compensation is linked to achieving these.

Prysmian aims to achieve an efficient, effective and sustainable supply of energy and information as the main driver for the development of communities. Prysmian therefore integrates sustainability into its business model, and has taken steps to implement sustainable practices throughout the entire value chain of its business activities.

Prysmian’s sustainability strategy is implemented through a set of 16 targets for 2020, on which the management carries out annual updates. The whole process is monitored by the Sustainability Steering Committee chaired by the group’s Chief Operating Officer.

Prysmian’s sustainability efforts are focused on three main areas: innovation and sustainable products, reduction of natural resources’ consumption, and community development.

Sustainability stands out as a key focus of our company. Bringing together the cultures of Prysmian Group and General Cable, we identified a new code of values and forged a new model to DRIVE the Group and its stakeholders towards the future with TRUST and SIMPLICITY.
 
Sustainability in Prysmian Group is the commitment to promoting a business model that integrates economic, social and environmental responsibility in all aspects and activities. Our strategic approach involves listening to, and actively involving all the Group's internal and external stakeholders, with constant attention to the evolution of the global and industry trends. We combine this with the ability to think about the future with a sense of responsibility towards the environment and society by promoting a business model based on the concept of shared values. The strength of this approach lies with the constant monitoring of the Group's sustainability performance along the entire value chain. The aim is to not only assess performance ex-post, but also to develop a proactive attitude in decision-making processes and anticipate and seize new opportunities:

LISTEN TO INVOLVE

We believe in listening and active involvement of all the group's stakeholders, internal and external.

GIVE ATTENTION

We pay constant attention to the evolution of the global and industry context.

THINK RESPONSIBLY

We have the ability to think about the future with a view to responsibility towards the environment and society.

Main Achievements of 2018

Economic value
Turnover rose 3.3% to €10.2 billion, investments were €285 million, R&D spending of €105 million, €13 million invested in Health, Safety and Environment.

People
Prysmian Group Academy gave 38,000 hours of training to its 30,000 employees. Over half of employees are shareholders. Graduate Programme received 41,000 applications.  

Environment
Recycled 66% of waste, and reused over 50% of its cable drums. Reduced C02 emissions by 3.2% per tonne. 

Indices
FTSE4Good score rose to 3.9/5. Ranked 79/100 in Dow Jones Sustainability Index World; Scored B by CDP for environmental disclosure; Rated E+ by Standard Ethics

Main Achievements of 2018