2017 Yearly Overview | Prysmian Group

SEIZING NEW OPPORTUNITIES IN SUSTAINABILITY PRYSMIAN GROUP 2017 YEARLY OVERVIEW ECONOMIC AND FINANCIAL RESPONSIBILITY The Group continues to pursue with success the ‘Your Employee Shares’ (YES) scheme, the plan that allows employees to purchase shares on preferential terns. To date, ‘YES’ boasts more than 7,400 members, approximately 53% of the corporate population that is entitled to become a shareholder, strengthening the internal perception of Prysmian Group as 'one company'. MULTI-STAKEHOLDER ENGAGEMENT The campaign began in 2014 as part of a dialogue with stakeholders on sustainability issues, aimed at strengthening mutual trust based on transparency and openness. The fourth Multi-Stakeholder Engagement Event took place in 2017 in Holland. Prysmian promotes a model based on the concept of shared values through a strategic approach that pays constant attention to the evolution of the global industry context, with the ability to think about the future in terms of responsibility towards the environment and society. ANALYSIS OF MATERIALITY Prysmian provides accurate reporting on progress made concerning the sustainability of its business through the analysis of materiality, an approach that provides an aggregated view of the relevance of the issues for the Group and its stakeholders. In 2017 Prysmian’ materiality matrix included among the issues of primary importance: ethics and integrity; waste production and recycling; human and worker rights; technological development, and eco-design innovation. The materiality matrix provides an aggregated view of the relevance of current and potential impact that each theme can have on the Group's ability to create value over the long term, such as energy consumption and emissions and business ethics and integrity. STRONG POSITIONING CONFIRMED In 2017 the Group confirmed its strong position within the main international sustainability indices and assessments, including FTSE4Good, Dow Jones Sustainability Index (DJSI) and the Carbon Disclosure Project (CDP). Prysmian also implemented a specific Sustainability Plan consisting of priorities, objectives and concrete actions aimed at meeting 16 quantitative KPIs that make up the Group's ‘Scorecard’ by 2020. HUMAN CAPITAL STRATEGY Launched in 2015, this strategy aims to support the company’s existing business strategy and its growth towards 2020, and has guided specifically, the development of the 2017 consolidated disclosure of non-financial information, including the Group’s five initiatives in relation to human resources. The Group's Human Capital Strategy is based on pillars that include: international global recruiting campaigns; enhancement of internal resources within the company; training programmes and initiatives, as well as initiatives to enhance diversity. SUSTAINABLE SUPPLY CHAIN The focus on customer service continued in 2017 with the objective of improving flexibility, reliability and time to market. Implementation of the factory reliability concept, introduced in 2010, further improved the quality of our supply processes with regard to control of volumes and inventory levels. The Group has established five priorities: qualified suppliers only, fully authorized materials, continuity of supply and availability of volumes, on-time delivery, competitive prices.