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Prysmian Group – 2015 Sustainability Report
Group ID Card
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Ethics and integrity
The sustainability strategy adopted by the Prysmian Group is founded on a system of values that mark the
behaviour of individuals both within and outside the organisation. The Code of Ethics establishes the
principles for all to follow, consistent with the Vision and Mission of the Group. Acting as a veritable guide to
daily behaviour, the Code of Ethics plays a strategic role for the Group as a tool for preventing irresponsible
or illegal conduct by those who work in the name and on behalf of Prysmian. The values and principles
expressed in the Vision, Mission and Values of the Group are integral to this document. The Code of Ethics
lives and evolves with the development of the business in the competitive world. It is always open to receive
and accept requests for legality and propriety expressed by any group of Prysmian stakeholders.
The Code of Ethics complies with international best practices and adopts the principles embodied in the UN
Universal Declaration of Human Rights and the Fundamental Conventions of the International Labour
Organization (ILO).
With a view to managing the issues of corruption and unfair competition, Prysmian has adopted an Anti-
Bribery Policy and an Antitrust Code of Conduct, as part of the Group's Compliance Policies. These policies
are published on the Group's website and on the corporate intranet, while updates are communicated to all
Group employees. In addition, during the year, the Group also adopted a Whistleblowing mechanism that
complies with the best practices on ethical and compliance matters.
In order to support and sustain one of Prysmian's key values, namely Integrity, the Group has established a
compliance structure that monitors observance of the Code of Ethics and the Compliance Policies. This
organisation comprises the following roles:
- Chief Compliance Officer: reports to the Control and Risks Committee and the Chief Executive
Officer of the Group. Responsible for managing all compliance policies and procedures, including the
Code of Ethics.
- Local Compliance Officers: present at each Group company, with responsibility for implementing and
the constantly applying all compliance policies.
The Code and the above policies reflect a common and shared approach to business, honest, ethical and
compliant with all current laws and regulations, which must be respected by all Group employees wherever
they work and live around the world. It is fundamental, in fact, for all employees to take responsibility for their
daily work and accept personally, with conviction, the spirit of the Code.
As part of the Group's commitment to ethical and legal behaviour, the Code of Ethics invites Interested
Parties to report any real or apparent violations of the law, the Code or ethical standards, so that they can be
examined and dealt with appropriately. In order to achieve this and create conditions that assure
confidentiality, security and ease of reporting, the Prysmian Group launched a project in 2015 for the
implementation of a whistle-blowing process that will be completed during 2016. This process will implement
two channels for the collection of reports, comprising dedicated telephone lines and a web portal, that will
both be managed by independent operators and available in the 26 languages used by the Group.