Sustainability: report and responsibility

MILAN, ITALY - 04 AUG 2023

Valerio Battista

To further increase the credibility of our ambition of being a global leading player in the challenges of decarbonisation, we are increasingly committed to promoting sustainable growth for the environment and individuals. The significant progress achieved in 2022 across nearly all ESG areas confirms we are on the right path.

Our social and climate change ambitions

We seek to become a global leader in sustainability. That’s why in 2021 we set challenging new climate and social goals that promote the transition towards a low-carbon world and a more equal and inclusive working environment.

Our Climate Change Ambition seeks to position Prysmian Group as one of the main technological players in the transition to low-carbon energy.

The climate strategy adopts “science-based” targets aligned with the Paris Agreement climate objectives. In particular, the Science Based Targets initiative (SBTi) defines the requirements for an effective Net-Zero strategy:

  • reduction of Scope 1, 2 and 3 emissions to zero, or at least to a residual level consistent with achieving the global or sector targets set in line with the Paris Agreement (1.5°C);
  • neutralisation of any residual and GHG emissions released into the atmosphere.

As part of this initiative, Prysmian has taken the following actions:

  • definition of a short-term emissions-reduction target;
  • definition of a long-term emissions-reduction target;
  • launch of projects for the neutralisation of residual emissions.

Our Social Ambition concentrates on new 2030 commitments to improve our performance in diversity, equality and inclusion (DE&I), digital inclusion, the empowerment of communities, employee engagement and upskilling. By adopting a pro-active approach, the Group is evolving into an organisation that recognises diversity, inclusion and gender equality at all levels, committed to facilitating the empowerment of women.

United Nations Global Compact statement

Prysmian adheres to the UN Global Compact, the principles and spirit of which are reflected in the culture, values and practices of the group. Environmental, Social and Governance (ESG) values are deeply embedded in the Company’s DNA, inspiring its strategic priorities and influencing day-by-day behaviours.

Sustainability Report 2022

This year, for the first time, Prysmian has published the Sustainability Report as a stand-alone document. This mode of reporting allows us to explain Prysmian’s role as an enabler of the ecological transition and digitalisation processes. The Sustainability Report shows how Prysmian has become a leading player in this global transition, starting from its history and examining its performance, the ever-growing commitment to innovation and the extraordinary projects undertaken in every part of the world.

By providing further analysis, the Sustainability Report complements the Integrated Annual Report, comprising the Integrated Financial Report and the Non-Financial Statement, in which financial and non-financial information is integrated in a systemic approach covering strategy, governance, production activities, financial performance and social, environmental and economic interactions.

Prysmian uses the Sustainability Report to tell all Stakeholders, in a coherent, rigorous and engaging manner, how environmental and social sustainability have become central to the Group’s activities.

This document also represents the Communication on Progress (COP) of the Prysmian’s UN Global Compact. From an accounting standpoint, the Sustainability Report supplements the contents of the Non-Financial Statement subjected to a limited examination by an auditing firm, in accordance with the International Standard on Assurance Engagements (ISAE 3000 Revised).




Diversity, Equity & Inclusion

As a Group with a global footprint, we take our responsibility to create an inclusive environment seriously. We have a culture of sharing, collaboration, openness and transparency which means we embrace diversity, and we consistently monitor our progression.

Each of our people has a unique skillset, perspective and capability that they bring to the business. We encourage them to make their mark on Prysmian by recognising the essential part they play both in the company and in the world.

Contact us

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Chief Sustainability Officer and Group IR VP

Maria Cristina Bifulco