2017 Sustainability Overview | Prysmian Group

17 In 2017 Prysmian generated economic value that amounted to €7,866 million, of which €223 million, or 2.8%, consisting of profits redistributed to Group members and interest to third parties, that represented the value withheld. Most of the value, about 97%, was redistributed in the form of spending on suppliers (81.2%) that included raw materials and other services, payment to Human Resources (13.8%), payment to Lenders (1.1%), payment to the Public Administration (1.0%) and contributions to the Community for around €100,000. The Added Value represents the economic value generated by the Group in the reference period, net of amortisation and depreciation, Prysmian Group makes a constant effort to create and distribute value to stakeholders, monitored every year with the measurement of how much wealth has been produced and how it has been redistributed. CONSTANT EFFORT TO CREATING VALUE redistributed, in various forms, to stakeholders. It is therefore the difference between revenues and costs incurred for the purchase of production factors, such as Operating costs and other costs, and for human capital, such as Personnel costs. The calculation also includes payment to the Public Administration, such as taxes, and to Lenders in the form of financial expenses, as well as contributions to community support, such as donations and sponsorships. The Value Added generated by Prysmian was reported in the consolidated financial statements as of 31 December 2017. KPI 2017 Delta Total revenues €7,901 million 4.4% Economic value generated €7,866 million 5.2% Capital investment €257 million +10.3% Investments in Research, Development and Innovation €84 million +1.2% Investments in HSE €10 million +25.0% Entitled employees participating in the YES programme 53% +9.0% ISO 14001 certified production sites 94% +3.0% OHSAS 18001 certified production sites 78% +5.0% CO2-equivalent emissions 649 kt -5.0% Waste disposed 97 kt +6.3% Hazardous waste 9,820 kg -1.3%