INSIGHT ISSUE 02 | 2021

8 Enabling the Digital and Energy transition I n order to further sharpen its focus on sustainability, Prysmian Group has appointed Maria Cristina Bifulco as Chief Sustainability Officer, who will play a key role in driving the Group’s ESG strategic planning and priorities. Forty percent of Prysmian’s investors are ESG, and they continue to ask for active engagement of management and board, she says. Bifulco’s appointment coincides with Prysmian Group’s decision to intensify its climate change commitments by setting science-based targets, as called for by the Paris Agreement COP 21, to achieve “net zero” emissions between 2035 and 2040 for its own operations (Scope 1 and 2) and by 2050 for emissions generated by the value chain (Scope 3). PrysmianhassignedtheBusinessAmbitionlettercommittingitself towork towards containing the world’s temperature increase to 1.5 C compared to preindustrial levels. The Group has pledged to invest approximately €10 million per year over the next ten years to reduce Scope 1 and Scope 2 emissions at its 106 plants by 46% from the 2019 level. “We are leaders in the sector of renewables and energy transition,” she says. “And as an enabler we have to be an example.” PRYSMIAN GROUP CSO BIFULCO STARTS MAPPING PLAN TO CUT C0 2 EMISSIONS 46% BY 2030 Setting science-based climate change targets is the natural evolution of a focus on long-termgoals, says newChief Sustainability Officer Maria Cristina Bifulco in an interview “We can see our business is headed in this direction, and every function the company had already started working on sustainability – the machine was already on. The goal is to indicate priorities, and introduce methods and technology," says Bifulco. €450 M Announced investments by 2022 THINKING AHEAD TO ACHIEVE TARGETS