4 Enabling the Digital and Energy transition CLIMATE AMBITION AND SOCIAL INCLUSION. OUR WAY TO IMPACT Top management met with stakeholders online on November 23 to share these new targets, and get feedback from investors and suppliers, in an event called "Climate Ambition and Social Inclusion. Our way to Impact." This year it became clear that the effects of climate change such as rising sea levels, changes in rainfall patterns, and higher temperatures are already unavoidable even if the world succeeds in reaching the 2050 zero-carbon emissions targets. That’s why Prysmian Group responded to this urgent need for action with its Climate Change Ambition, committing at the beginning of 2021 to reduce absolute Scope 1 and 2 GHG emissions by 46% by 2030, from the 2019 baseline. It also committed to reducing absolute Scope 3 GHG emissions from purchased goods and services and from the use of sold products by 21% within the same timeframe. Last but not least, the Group has brought its own net zero emissions target forward to 2035 and will be investing €100 million to meet this goal. These targets were approved by Science-Based Targets Initiative (SBTi) in September 2021. “We have the privilege to lead the sector which plays a strategic role in the fight against climate change,” explained Maria Cristina Bifulco, Prysmian Group Chief Sustainability Officer & Group Investor Relation Director, in her welcome address as she kicked off the annual Sustainability Day. “But that means we also feel the responsibility to play a proactive role.” Prysmian Group intensified its sustainability commitments in 2021, making important pledges to achieve the energy transition and social equality.
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