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Integrated Sustainability Strategy

Overview

Integrated strategy

As an engineering-led manufacturing company, Prysmian Group’s sustainability goals spring from a global business context that increasingly emphasizes environmental and social impacts. Prysmian integrates Environmental, Social and Governance (ESG) goals into its medium- and long-term business plan. In order to guarantee a strong commitment, Prysmian has set key performance indicators to achieve by 2022, and constantly monitors progress on these targets, which are updated once reached. Our goals are set out in a Scorecard inspired by the Sustainable Development Goals for 2030 developed by the United Nations; by input from our stakeholders; and guidelines from the main International Sustainability Indexes (Dow Jones Sustainability Index, FTSE4GOOD, CDP.)

Company

ESG indicators and remuneration policy

Prysmian Group’s fully integrated ESG approach has led it to adopt a management incentive scheme (link a pagina remuneration policy) linked to our ESG targets that applies to all managers. The Compensation and Appointments Committee is responsible for assessing the 2021 performance of the Group against these criteria, with reference to a series of parameters that highlight the progress made by the action plans implemented. The main parameters are based on performance achieving goals in occupational health and safety, the level of gender diversity among management and the reduction of CO2 emissions. Our positioning in the leading sustainability indices to which we belong is also important.

Our Priorities

The ESG strategy of Prysmian Group is sustained by three strategic pillars:

SUSTAINABLE AND INNOVATIVE SOLUTIONS FOR THE BUSINESS RESPONSIBLE USE OF ENERGY AND WATER RESOURCES DEVELOPMENT OF PEOPLE AND COMMUNITIES
Facilitate the deployment of accessible energy and innovation in telecommunications and infrastructure
Pursue the responsible consumption of natural resources and sustainable supplies
Contribute to the development of people and local communities
Develop innovative products and solutions that support improvement of the sustainability of telecommunication and energy infrastructures.
Boost the sale of high quality, reliable and “green” products and services
Contribute to the universal dissemination of energy and telecommunications via reliable and accessible infrastructure.
Facilitate access to clean energy, via the development of solutions for the producers of renewable energy and support for the research into sustainable technologies.
Pursue the efficient and sustainable use of energy and natural resources by reducing consumption and greenhouse gas emissions, while minimising the generation of waste and promoting the recycling and reuse of materials.
Promote sustainable business practices between our suppliers and business partners.
Participate in and contribute to the socio-economic development of the communities in which the Group operates, via the adoption of an appropriate Corporate Citizenship and Philanthropy policy.
Promote ethical conduct and the training and professional growth of personnel, protect diversity and the rights of workers and develop a healthy workplace environment.
Develop effective, transparent and responsible communications with stakeholders.

Consult our SASB Report

SASB REPORT 2021

Consult our 2021 Sustainabilty Report

SDGS & the Sustainability Plan

The Prysmian Group takes concrete actions designed to achieve the sustainability objectives identified in the Sustainability Scorecard. In particular:

Make cities and human settlements inclusive, safe, resilient and sustainable

Increase the percentage of cables covered by the carbon footprint calculation: to this end, a platform has been implemented that can calculate the carbon footprint of various types of cable (Common Analysis).

Ensure access to affordable, reliable, sustainable and modern energy for all

Develop innovative solutions that contribute actively to the transition towards the use of renewable sources and the digitalisation of networks, such as cables for the production and distribution of solar and wind energy, undersea cables for interconnections between countries and optical fibre cables.

Take urgent action to combat climate change and its impacts, regulating emissions and promoting the development of renewable energy

Increase the number of plants with environmental, health and safety management certification.

Investments and other initiatives designed to reduce GHG emissions.

Ensure sustainable consumption and production patterns

Increase third-party audits in specific areas, such as governance, the environment and human resources.

Achieve gender equality and empower all women and girls

Increase the percentage of women in executive positions via the adoption of specific “diversity and inclusion” programmes, such as the “Side-by-Side” project for the promotion of diversity within the business, and the mentoring of female talents, such as the WLP (Women Leadership Programme).

Sustainability Scorecard

Setting goals and monitoring progress is essential to creating a credible path towards sustainability. Our Sustainability Scorecard comprises 16 challenging targets linked to the UN’s Sustainable Development Goals to meet by 2022.