2017 Sustainability Overview | Prysmian Group

PRYSMIAN GROUP 2017 SUSTAINABILITY OVERVIEW THE DRIVING FORCE OF ETHICS The Group global presence and its high diversification of products requires a strict policy against every potential risk of wrongdoing. PREVENTING CORRUPTION AT THE ROOTS The Group's business model, with a presence in over 50 countries across the world and a high diversification of product applications, requires a continuous interface with numerous third parties, such as suppliers, intermediaries, agents, and customers. In particular, in the Energy Projects and Oil & Gas businesses, the management of large international projects requires the maintenance of commercial relations even in countries with a potential risk of corruption, often through local commercial agents and public officials. The Prysmian Group has therefore implemented a series of actions aimed at managing the issues of corruption on a preventive basis. The first of these actions is the adoption and the implementation of an Anti-Bribery Policy that prohibits both the corruption of public officials and that of private individuals. The Policy requires Prysmian's employees to abide by it, as well as to observe and comply with all anti-corruption legislations in force in the countries where they are active, if these are more restrictive. Under the Policy, no employee may make, promise to make, offer or approve the payment of anything of value, whether directly or indirectly, for the benefit of public officials. In particular, the term "public officials" means the employees of a public agency or of a company controlled by the government, including commercial entities, or international public organisations, political parties, party officials or even candidates for public office. Anti-bribery policy Undue payments banned