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Prysmian accelerates sustainability

Prysmian accelerates sustainability

Prysmian accelerates sustainability

Following the acquisition of Encore Wire, Prysmian is upgrading its sustainability targets. The Milan-based giant has already achieved positive scores from Sustainability Ratings agencies.

Prysmian to upgrade its sustainability targets

Prysmian has committed to upgrade its sustainability targets following the acquisition of Encore Wire in the US. This will see the world leader in cables and cabling solutions accelerate its already long-standing commitment to sustainability. Over the past year Prysmian has received positive reflections by the ESG ratings agencies.

"Our core business is all about enabling the digital and energy transitions respectively, we have a sustainable mission which is making an impact across the globe. But we don’t stop there – our commitment is that thanks to our continuous innovation we are always pushing the boundaries to make our products and services more efficient and drive a positive impact for people and reduce the impact on the planet.”

Maria Cristina Bifulco

Maria Cristina Bifulco

Head of IR, Sustainability and Communication at Prysmian

- How has Prysmian managed to keep sustainability topics alive amongst employees and partners?

“For Prysmian, sustainability is a key driver to create value. We are working hard to help enable the digital and energy transition, and every day our 30,000 employees across the world are doing this. It’s also underpinned by measurable KPIs. Last October, in occasion of our first Capital Markets Day, we upgraded Prysmian’s sustainability KPIs for 2025-2027 and we will go even further.”

- Can you tell us more about the main environmental KPI’s

- How is Prysmian performing on these?

- Which programmes is Prysmian running to ensure these KPIs are reached?

"To play a key role in the decarbonization process, we’re promoting sustainable growth for people and planet and leading innovation in the cable industry. For example by developing thinner, lighter, faster, and greener products.We also focus on creating tangible value for customers and in the communities and territories in which we operate. Our sustainability objectives are achieved by constantly collaborating with partners. Stakeholder engagement is also a core component of Prysmian’s sustainability strategy, allowing to better understand and anticipate their needs and expectations.”

How is Prysmian Accelerating on sustainability?

"We have recently announced important initiatives which will be at the heart of what we do. 
We have re-launched our proprietary label for our cables that have been made to fully incorporate market-leading standards for sustainability. The Eco Cable label is evolving, and this is now called “E Path”, going beyond cables to embrace services and projects in line with our strategy to be a solution provider, and it will be rolled out across the world.
We will also become a member of the “Copper Mark” initiative, which is the leading assurance framework around the sourcing of responsibility produced copper, and recycled metal. 
We will also be introducing biodiversity targets that will be science based and aligned with the work being done by the Science Based Network. 
I’m proud that already at Q12024 over 41% of our products are classed as sustainable, that has already beat our target of 40% by 2025. But we are ambitious and want to do even more."

Prysmian’s sustainability strategy

Prysmian’s strategy is based on four pillars, each of which contributes to the creation of added value for the benefit of the company and all its stakeholders:

Prysmian’s primary goal is to act proactively as pioneers in the decarbonization processes, promoting emission reduction actions throughout the value chain and developing solutions whose positive impact extends beyond the boundaries of its business.

People are at the core of Prysmian’s activities. The Italy-based leader is committed to implementing pro-employee policies, recognizing merit, promoting the values of diversity and inclusion, ensuring work-life balance and benefitting the social communities in which we operate.

The centrality of sustainability in Prysmian’s strategy is also evident from the definition of a specific governance, which has the task of presiding over all its initiatives in a structured and rigorous manner, ensuring transparency, accountability and alignment of the interests of Prysmian’sstakeholders, towards the achievement of ESG objectives.

Innovation is a strategic pillar that has characterized Prysmian since its creation, and it affects all dimensions of the company: from the development of new products, developed taking into consideration their added value in terms of sustainability, to decarbonization and social impact initiatives.

How Prysmian brings together its stakeholders to discuss and act on sustainability

Prysmian’s “Sustainability and Innovation Days”, is its flagship annual event to bring together suppliers and customers from across the world, as well as other key stakeholders, to discuss, share progress and explore initiatives that have been put in place to make a positive impact for the environment and society, connected through a spirit of innovation.

The “Sustainability and Innovation Days” are also part of Prysmian’s sustainability approach – engaging key stakeholders to assess and accelerate the key environmental, social and governance themes which impact both business and society.