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TOP CONTENT

Prysmian integrates sustainable growth into its business model starting from the factory floor, as a way of implementing the Group’s Mission and Vision to create superior cables solutions, executed through a governance system designed to achieve a fair balance for all stakeholders in a Public Company.

SHARED VALUE

An integrated strategy

Prysmian takes a proactive approach to sustainability, aiming not only to assess past performance but above all to think about the future with a view to responsibility towards the environment and society. In order to guarantee a strong commitment, in 2016 Prysmian set key performance indicators to constantly monitor progress on medium-long term targets and constantly implements updated action plan based on target results. As an engineering-led manufacturing company, Prysmian’s sustainability goals spring from a global business context that increasingly emphasizes environmental and social impacts. Our goals are 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.)

Prysmian conducts a materiality analysis through consultations with internal and external stakeholders to identify the economic, social and environmental topics most relevant to them and to the company business. This analysis helps to identify areas on which the company has to communicate, through its Sustainability Report, and to act, through its Sustainability Scorecard. Following the acquisition of General Cable, in 2018 the Group updated its materiality matrix and the process in under continuous evolvement.

OUR PRIORITIES

SUSTAINABLE AND INNOVATIVE SOLUTIONS FOR THE BUSINESS

Increase amount of revenue from low-carbon products to 40% by 2020; Ensure all product families covered by carbon footprint measurement by 2020

RESPONSIBLE USE OF ENERGY AND NATURAL RESOURCES

Reduce greenhouse gas emissions by 15% by 2020; Increase the % of waste recycled; monitor supply chain on sustainability matters

DEVELOPMENT OF PEOPLE AND COMMUNITIES

Increase the number of female executives by 2020; improve safety indicators; increase donation of cables to the community

SDGs & THE SUSTAINABILITY PLAN

The Sustainability Development Goals (SDGs) are promoted by the United Nations as new global objectives able to support the definition of plans and strategies related to companies’ business priorities. Out of the 17 SDGs, Prysmian identifies 13 Goals that are aligned with its business impact, of which 5 are considered the most relevant: Innovation and Infrastructure (9), Sustainable Cities and Communities (11), Renewable Energy (7), Responsible Consumption (12) and Gender Equality (5). The SDGs are a standard against which the company’s own goals and achievements can be measured. They help Prysmian setting goals and priorities, forming the basis of key performance indicators, along with input that has emerged from stakeholder dialogues carried out every year, starting from 2014 and continuing in 2019, and with requests from sustainability indices.

Since 2016, Prysmian guarantees its sustainability commitment through the oversight of the Compensation, Nominations and Sustainability Committee, which has being appointed as responsible to supervise sustainability issues related to the relevant business and to its interactions with all the stakeholders. This board-level Committee monitors the company's positioning on the main sustainability indices; advises on the main sustainability initiatives developed by the Group; and approves the Consolidated Disclosure of Non-Financial Information (NFD)/Group Annual Sustainability Report.

At management level, to underline Prysmian’s commitment on a day to day basis across the company, a Sustainability Steering Committee chaired by the Chief Operating Officer (COO) defines and implements the strategy with involvement of ten corporate functions. Its chief task is to monitor progress on the "Sustainability Scorecard" and compliance with the Group's sustainability policies. In addition, the Diversity and Inclusion Committee defines diversity benchmarks, sets targets, and monitors progress on the matter.

Sustainability policies are coordinated by the Corporate and Business Communications Department, which carries out sustainability reporting and proposes stakeholder engagement activities.

The Corporate and Business Communications Function maps and monitors the expectations of stakeholders in relation to the Group. It proposes guidelines and actions, organises stakeholder engagement activities and, drawing on the multiple resources available, guarantees constant and transparent communications with the stakeholders.