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Prysmian Group – 2015 Sustainability Report

Environment

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119

Prysmian and the environment

Commitment to safeguarding the environment and conserving natural resources is essential for the

creation of sustainable value by the Group, for the benefit of both the organisation and our

stakeholders.

The Group's commitment to safeguarding the environment and conserving natural resources is expressed

not only by the intrinsic characteristics of our products, but also by how our production systems are

managed. In particular, the prevention and reduction of their environmental impact is achieved, for example,

by the efficient use of natural resources, the optimisation of logistics flows and the responsible management

of waste.

Considering the environmental aspects deemed significant at Group level, Prysmian's Health, Safety &

Environment function (also "HSE") worked with other business functions to establish the HSE objectives for

2015, which were endorsed by the Board of Directors. These objectives - and, where possible, the related

numerical targets - were communicated to all country and business managers at an update seminar held in

2015.

During the year, the HSE function further consolidated the scope of its activities at various levels within the

Group - corporate, country or region, business unit or production unit - centralising activities and coordinating

the work of the local HSE functions. Application of the Health, Safety and Environment policy, the Operating

Procedures and the Group's Technical Standards was maintained and extended to additional operating

units. The effectiveness and proper application at local level of the health, safety and environment rules were

also checked periodically, with support from a Group-level audit team.

Once again, significant variables and indicators were monitored regularly to check the effectiveness of

health, safety and environment activities, including compliance with health and safety at work standards,

energy consumption, waste management, water usage and greenhouse gas emissions. In particular, with

reference to the last mentioned, the Group has strengthened the process of collecting energy consumption

data in order to track both "direct" emissions (deriving from production processes) and "indirect" emissions

(deriving from the energy purchased). This system of monitoring and reporting enabled the Group to

participate in 2015, once again, to the Carbon Disclosure Project (CDP), which seeks to contribute to the

pursuit of the objectives agreed in the Kyoto Protocol regarding the global reduction of greenhouse gas

emissions.

Further developments in this area will be made possible by considering the outcome of the energy audits

carried out during 2015 at a number of European factories, deemed representative, in order to identify

actions to improve energy efficiency and reduce greenhouse gas emissions. Methodologies are also being

defined with a view to assessing the environmental impact of products and especially their carbon footprints,

at the design stage.

About 160 inspections were carried out at the various factories during the year, including certification audits

and certification maintenance audits, about 25% of which were carried out by experienced Prysmian

personnel, while the rest was performed by auditors from external certification agencies. On top of this, 17

energy audits were conducted and internal auditors also visited various locations to check on specific

matters. Territorial external agencies carried out periodic inspections too.