From 2016 to 31 December 2019, Prysmian guaranteed its sustainability commitment through the oversight of the Compensation, Nominations and Sustainability Committee, which was appointed to supervise sustainability issues related to the relevant business and to its interactions with all the stakeholders. This board-level Committee monitored the company's positioning on the main sustainability indices; advised on the main sustainability initiatives developed by the Group; and approves the Consolidated Disclosure of Non-Financial Information (NFD)/Group Annual Sustainability Report. Starting in January 2020, to coincide with a new set of ESG targets for 2022 and reflecting the group’s strong commitment, Prysmian separated the governance of sustainability issues into a new committee called the Sustainability Committee, distinct from the Compensation and Nomination Committee. It is comprised of three independent directors. It is tasked with the responsibilities mentioned above, as well as putting forward proposals to the board and promoting a culture of sustainability within the group.
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.