INSIGHT ISSUE 02 | 2021

21 The new heating system will replace natural gas and will be supplied by leading Baltic energy group Adven, reducing yearly CO2 emissions from thermal energy by 100% from current level from Spring 2022 onwards over a multi-year contract. The plant at Pikkala manufactures medium- and low-voltage land and submarine cables for the energy transition. It is one of Prysmian Group’s four submarine cables plants in Europe, along with Arco Felice (Naples), Drammen (Norway) and Nordenham (Germany). Achieving carbon-free heating at Pikkala will help Prysmian meet several goals on its Sustainability Scorecard for 2022: to cut CO 2 emissions by 2-3%; to recycle as much as two thirds of its own waste; and to reuse 27% of its own drums. In the next three years starting from 2020, Prysmian will invest around €450 million to further improve the sustainability of its organization and supply chain, and to accelerate the development of advanced cable technologies as well as assets and services. Energy consumption reduction, circularity and waste recyclability are key in Prysmian’s efforts. For Prysmian Group, reducing climate change is a long-term ambition, translated into a concrete action plan and totally rooted in our business model (both as an enabler of the energy transition and as a competitive advantage to better support our customers in efforts to reach their targets). INSIGHT | Tracking the Future Science-based carbon reduction targets Organization: SCOPE 1&2 EMISSIONS between 2035-2040 Supply Chain: SCOPE 3 EMISSIONS by 2050 PRYSMIAN GROUP EDITORIAL STAFF