Strong Commitment to Sustainability

SUSTAINABILITY

Strong Commitment to Sustainability

OVERVIEW

Committed to Sustainable Development

Achieving financial targets is no longer the only goal for businesses today. Decisions are intertwined with complex considerations about impacts in the health, safety and environmental spheres. The Sustainable Development Goals (SDGs) set out by the United Nations indicate actions to reduce poverty, hunger, inequality and pollution by 2030, which are a call for action for all countries. As an international company, Prysmian embraces those goals and uses them as a guide for its sustainability strategy. Prysmian is committed in increasing its revenue from low-polluting products, increasing its waste recycling, and cutting down on emissions. These targets are monitored by the top management, and part of their variable compensation is linked to achieving these.

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Our Commitment

Sustainability in Prysmian is the commitment to promoting a business model that integrates economic, social and environmental responsibility into every aspect of our activity. As a public company, creating sustainable value over time is in our DNA, as the natural outcome of our Values, Mission and Vision, reflecting our strategic priorities and guiding our daily actions.

Integrated Sustainability Strategy

Our sustainability strategy is based on three priorities: developing sustainable and innovative solutions for the deployment of accessible energy and innovation in telecommunications and infrastructure; responsible use of energy and water resources; and development of people and local communities. We listen to and actively involve all the Group's internal and external stakeholders in our strategy, with constant attention to the evolution of the global and industry trends.

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LISTEN TO INVOLVE: We believe in listening and active involvement of all the group's stakeholders, internal and external.

 

GIVE ATTENTION: We pay constant attention to the evolution of the global and industry context.

 

THINK RESPONSIBLY: We have the ability to think about the future with a view to responsibility towards the environment and society.

The strength of this approach lies with the constant monitoring of the Group's sustainability performance along the entire value chain. Prysmian therefore sets concrete, measurable targets for increasing its revenue from low-polluting products, increasing its waste recycling, cutting down on its own emissions, and gender equality. Progress towards achieving these targets is monitored by the top management, and part of their variable compensation is linked to achieving them. The Sustainability Steering Committee chaired by the group’s Chief Sustainability Officer has operative responsibility for carrying out the Group’s sustainability strategy by designing and implementing detailed policies, and ensuring they are carried out in every region where Prysmian operates.

Prysmian started investing 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, health & safety culture are key in Prysmian’s efforts to improve sustainability of its supply chain.

Integrated Sustainability Strategy

Integrated Sustainability Strategy

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Stakeholder Engagement & Materiality Analysis

Stakeholder Engagement & Materiality Analysis

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Working for the Community

Working for the Community

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