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Prysmian Group – 2015 Sustainability Report
Letter to the Stakeholders
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The Prysmian Group implemented numerous sustainability initiatives during 2015, once again achieving
significant results. In particular, with a focus on the
Sustainable Development Goals
(SDGs) for 2030,
renewed by the 193 Member States of the United Nations in order to promote global growth, the Group
strengthened its commitment by improving the governance of sustainability, analysing more precisely the
impact of its activities, adopting new KPIs, improving disclosures and implementing a new Multi-Stakeholder
Engagement initiative in Spain.
These efforts were driven by the spread of a culture of sustainability throughout the organisation and a
rigorous reporting that assures completeness and transparency in relation to the economic, social and
environmental matters addressed by the Group. This Sustainability Report was prepared in according with
the “
G4
Sustainability Reporting Guidelines
” issued in 2013 by the GRI – Global Reporting Initiative.
These guidelines drive organisations in the disclosure of information about material matters, which are those
with a significant economic, environmental and/or social impact and that significantly influence the
assessments and decisions of stakeholders. With the aim of guaranteeing the reliability of the information
included in this document, Deloitte was appointed to review again for this year, this information and release
the Auditors' Report.
The Group was included in the
FTSE4Good
in 2015. This prestigious global index comprises firms that
stand out for the ethical, transparent and sustainable management of their activities. In addition, Prysmian
achieved a 10-point improvement in its Corporate Sustainability Assessment for the
Dow Jones
Sustainability Index
(DJSI), which is one of the main sustainability assessments at international level.
The sustainability strategy adopted by the Group focuses on such key topics as sustainable and
technological innovation in the solutions offered, the environmental responsibility of production processes,
the management of relations with local communities, safety at work and the development of personnel.
In terms of
Governance
, the Board of Directors has appointed the Compensation and Nomination
Committee with supervising the sustainability matters associated with the Group's activities and the
dynamics of its interactions with all stakeholders.
With regard to
economic and financial responsibility
, Prysmian has re-opened the international YES
(Your Employee Shares) programme, following the broad involvement achieved in the first two years. This
plan enables employees to purchase shares on advantageous terms. To date, the YES plan has involved
about 40% of employees, with an investment of almost 17 million euro and about 1% of capital. This
successful programme seeks to increase the involvement, sense of belonging and business understanding
of employees, thus strengthening the internal perception of the Prysmian Group as ‘One Company’.
Work on the
development of innovative products
has continued in all segments of the market: Energy
Projects, Energy Products and Telecom. The Group extended the line of Afumex Green cables during the
year, with the Afumex Green 1kV now representing the safest and most sustainable cable on the market. In
particular, the production of this product no longer uses the traditional petroleum-derived polyethylene for
insulation purposes, but rather bio-polyethylene (“green” polyethylene) derived from sugar cane, which is
100% renewable, certified at international level and capable of reducing CO
2
emissions.
In order to assess the environmental and social impact of activities of the Group, Prysmian has taken
additional steps towards the
sustainable management of the entire supply chain
. With regard to the
management of supplier relations, the Group has already adopted a Code of Business Conduct that is