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Stakeholder Engagement & Materiality Matrix

Our ongoing dialogue with stakeholders is a key part of Prysmian’s sustainability strategy and their feedback is essential to the Group’s success in achieving overall sustainable growth. The Group interacts with the different stakeholders during the annual events, welcoming their feedback on sustainability matters and analyzing, mapping and prioritizing their expectations to define actions.

Create value with stakeholder engagement

Stakeholder priorities and the resulting materiality matrix are the starting point for defining our ESG priorities.

The sustainability strategy of the Prysmian Group is founded on continuous dialogue with our stakeholders. The pursuit of corporate goals requires the development of forms of dialogue and ongoing interaction with both internal and external stakeholders. This is necessary in order to understand their needs, interests and expectations, and to anticipate changes and identify emerging trends, thus enabling the Group to pursue its own sustainable development goals and generate shared and consistent added value in the long run.

Creating value for shareholders and other stakeholders is a key priority for Prysmian, whose policy of strategic and financial communication is directed towards the highest standards of accuracy, clarity and transparency. Actions and procedures are designed to provide the market with credible information about the business, with a view to boosting confidence in the company and facilitating a long-term approach to investments in our shares. Every effort is made to avoid biased disclosures and ensure that all current and potential investors receive the same information, so that balanced investment decisions can be made.

Upon publishing its quarterly data, Prysmian organises conference calls with institutional investors and financial analysts and also invites specialist media representatives to take part. In addition, the Company promptly informs existing and potential shareholders about any action or decision that could have a material impact on their investment. Relations with the financial market were intense during 2021, with more than 500 conference calls and one-on-one or group sessions, which were nearly all carried out as virtual meetings due to the Covid-19 pandemic.

The Company also participated in numerous conferences organised at sector level by leading international brokers (virtual meetings from March onwards), as well as a number of topic-specific road shows (e.g. Energy Transition, Telecom Developments, Innovation).

A total of 19 independent analysts regularly cover the Prysmian stock: AlphaValue, Banca Akros, Bestinver, Barclays Capital, BofA Merrill Lynch, Citi, Credit Suisse, Equita, Exane BNP Paribas, Goldman Sachs, HSBC, Intermonte, Intesa Sanpaolo, JP Morgan, Kepler Cheuvreux, Mediobanca, Morgan Stanley, Societe Generale and Stifel.


conference calls or one-on-one or group sessions


offices of independent agencies monitor Prysmian's stock

2021 Stakeholders Engagement Activities

In 2021 Prysmian Group launched a process aimed at updating the materiality analysis in order to identify the latest trends in sustainability, integrate the expectations of stakeholders within the activities of the organisation and define reports that satisfy the requirements of stakeholders and the priorities of the Group.

Prysmian assesses stakeholder priorities through two phases:

  • Firstly, holding internal meetings across corporate functions, benchmarking with competitors and gathering information for the Sustainability Report based on GRI standards and publications. Senior management is directly involved through special interviews related to sustainability reporting.
  • Secondly, engaging with external stakeholders including customers, suppliers and investors to get their direct feedback:
    • The multi-stakeholder event known as the “Prysmian Sustainability Day” held on a virtual basis in November, was attended by more than 6,000 persons around the world who watched management and Group employees discussing their experiences with initiatives developed by Prysmian on specific sustainability topics, such as diversity&inclusion and innovation.
    • Three specific workshops to discuss with stakeholders the principal global challenges faced by Prysmian and the new opportunities emerging on the world stage. The topics included: climate change and the environmental impact of the manufacturing sectors, the importance of diversity within businesses and the welfare policies adopted in favour of employees, as well as the growing strategic importance of digital innovations for business continuity.
    • Survey addressed to key external stakeholders (customers, suppliers, universities and research centres, investors and trade unions) in order to reach a larger audience and obtain additional feedback.

In 2021, between May and September, Prysmian organised 6 induction sessions for all members of the Board of Directors. This initiative, which first of all benefited the new Independent Directors, represented real best practice in the field of Group governance and stakeholder engagement.

The sessions focused on the Group’s business strategy, the levers for value creation, the main drivers of innovation processes, initiatives on the people and corporate culture front, corporate governance and the Italian stock market and, finally, also issues related to environmental and social sustainability and Prysmian’s ESG projects and objectives.

To define and implement its stakeholder engagement path, Prysmian Group follows the guidelines of the 2015 updated version of the AA1000SES International Standard, developed by AccountAbility (Institute of Social and Ethical Accountability).

Materiality Analysis

Each year, Prysmian Group carries out a materiality analysis to identify the economic, social and environmental topics that are most important, or material, to our stakeholders. We updated our materiality analysis in 2021 in a process that helps us identify the latest trends in sustainability, integrate the expectations of stakeholders in our business activities, and define reports that satisfy the requirements of stakeholders and the priorities of the Group.