2017 Sustainability Overview | Prysmian Group

PRYSMIAN GROUP 2017 SUSTAINABILITY OVERVIEW THE DRIVING FORCE OF ETHICS As the governance system is aligned constantly with the relevant recommendations and regulations, and complying with domestic and international best practices, the Group has also adopted principles, rules and procedures that govern and guide the activities of all organisational and operational units, while warranting that all operations are carried out in an effective and transparent manner. In2017Prysmianundertookvariousinitiativesaimedatimplementing the recommendations indicated in the Code of Self-Regulation after the Board of Directors from 1 January 2016 has entrusted the task of overseeing the related sustainability issues linked to the exercise of the Group's activities and its interaction dynamics to all the stakeholders in the Compensation and Appointments Committee, which has in the meantime become the Compensation, Appointments and Sustainability Committee. It is responsible for monitoring the company's positioning on the main sustainability indices, providing advice on the main sustainability initiatives being developed and approving the annual Sustainability Report. The importance of a good corporate governance for achieving strategic objectives and creating sustainable value over the long term is a well established guideline and strategy at Prysmian. THE IMPORTANCE OF A GOOD GOVERNANCE To further underline Prysmian's commitment to sustainability issues along the entire value chain and within all company processes, a Sustainability Steering Committee has been formed as part of the internal governance system, consisting of the top echelons of the organization. The Committee is responsible for promoting a culture of sustainability within all the company, defining and / or evaluating the implementation of projects, monitoring the objectives of the Group policy, the progress with respect to the "Sustainability Scorecard" and the progress of the actions to ensure compliance with the Group's policies, while developing an ever growing internal responsibility towards results linked to areas of sustainability. Its tasks will also include supervising all ongoing initiatives that have an impact, current and potential, on the performance of economic, social and environmental sustainability, ensuring effective communication of the commitment and results achieved in sustainability and support initiatives to protect diversity and inclusion both internally and externally. Within its mission, the Steering Committee meets periodically to discuss strategic sustainability priorities, the progress of the action plan and its implementation. The Corporate and Business Communications department is responsible for coordinating all activities related to the Group's sustainability reporting, both in terms of process and of content, mapping the Group's stakeholders andmonitoring their expectations through stakeholder engagement activities, as well as guaranteeing transparent and constant communication both with the external and the internal stakeholders. The strategic lines of sustainability are defined and promoted at the corporate level, and then integrated into local policies and all daily activities. The steering committee The communication task