Prysmian Group joins the Global Reporting Initiative Community

Companies around the world rely on the Global Reporting Initiative (GRI) for a single set of criteria when reporting their sustainability programs. Prysmian Group has joined the GRI Community to further support this global transparency effort, helping lead its industry forward toward a more sustainable future.

Transparent reporting for a global sustainability effort

Prysmian Group has become a member of the GRI community, demonstrating the group’s commitment to rigorous standards of sustainability reporting because of their importance as a tool to fighting climate change.

GRI is the independent international organization, based in Amsterdam with regional hubs around the world, that provides the most widely used sustainability reporting framework. The GRI Standards represent global best practice for communicating and understanding economic, environmental, and social impacts. Provided free of charge, the GRI Standards enable transparent reporting of sustainability activities. The adoption of the GRI Standards helps any organization identify risks and management, enhancing dialogue with stakeholders, and increases the efficiency of sustainability targets.

The GRI Community includes members from 66 countries worldwide across 35 different industries that are shaping the future of sustainability and reporting. GRI Community members benefit from a global network of best practice and knowledge-sharing, obtaining insights on the latest developments in sustainability reporting.

“We welcome Prysmian Group as a new member of the GRI Community, our global network of organizations committed to understanding, managing and disclosing their sustainability impacts, informing decision-making that improves environmental, social and financial outcomes.”

Sabine Content

Director Corporate & Stakeholder Engagement at GRI

“Through GRI, Prysmian Group supports the most rigorous global standards of transparency in its sustainability reporting, which it regards as an important part of its corporate strategy”

Lorenzo Caruso

Corporate and Business Communication Director at Prysmian Group

The Company supports the transition from fossil fuel energy to renewables by helping its clients achieve sustainability goals. In Germany, it is building an underground electricity cable that will bring renewable energy generated in the North Sea to homes and factories in the industrial south.

Sustainability is fully integrated into Prysmian Group’s business model, both in terms of its products and its own environmental footprint. Prysmian Group was included by Morgan Stanley in the list of 30 global companies leading the energy transition, which will see investments of over €114 billion by 2030.

Prysmian’s key stakeholders say that one of their top priorities is for the company to create cables solutions that have sustainability benefits, like for plants that generate renewable energy, smart grids, and innovative solutions for the electrical system.

Prysmian commitment to improving the sustainability of its production and organizational processes is carried out through a series of 2022 targets, including a pledge for 2022 to decrease its CO2 emissions by 2-3% and its energy consumption by 3%.

In another sign of its sustainability commitment, Prysmian Group has launched a new remuneration policy that ties management bonuses to achieving short- and medium-term sustainability objectives in order to more closely integrate Environmental, Social and Governance (ESG) issues into its business strategies.

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