Prysmian Group Overview

The signing of the Green Deal by the new European Commission in December 2019 has, for the first time, committed the EU to strive for climate neutrality by 2050, confirming compliance with the intermediate objectives set for 2030 and 2040. This has activated an ambitious action plan to limit the increase in global warming over the next thirty years that, according to the estimates of the UN Intergovernmental Panel on Climate Change (IPCC), must not exceed 1.5°C in order to avoid irreparable damage to the planet. A similar approach was confirmed by the United Nations at the start of 2020, which launched the “Decade of Action” programme containing accelerated solutions for all the challenges set by the 2030 sustainable development goals. So there is no doubt that the single most important goal is to achieve the production of clean electricity. This means transitioning from the current model based on the combustion of fossil fuels and main culprit of climate change - and, therefore, for about 60% of global greenhouse gas emissions - to the production of energy from renewable sources that preserve eco-systems for future generations and can be made accessible to an increasing number of persons in all regions of the world, in order to support their civil and economic progress. The Prysmian Group is committed to supporting efforts to achieve the objectives set by the global agenda, contributing to the creation and modernisation of infrastructure for the transportation and distribution of energy and telecommunications, which are essential drivers in the transition to the newmodel for the development of society. For this reason, the Group is committed to constant technological innovation, with about Euro 106 million invested in R&D during 2019, over 50 partnerships for innovation and about 5,900 patents held. As a public company, we have always maintained open and transparent dialogue with our stakeholders: shareholders, employees, customers and suppliers, the institutions and the communities in which we work. We are committed to ensuring high governance standards and practices: 67%of Board members are independent, 42%arewomen. Over 9,200 Group employees are shareholders in the Company, owning about 1.5% of share capital. Our role at the planet’s side OVERVIEW – 1 –