Sustainability: report and responsibility

SUSTAINABILITY

ACCELERATING GROWTH

Sustainability Highlights 2024

" In the current context, as the sectoral leader, we are fully aware of the increasing impact of our decisions and actions. Our commitment to sustainable development is more central than ever: sustainability guides our approach to business management while also representing a shared responsibility to future generations. We are determined to lead the change towards a greener and more prosperous future for all."

" The path to a sustainable future has been set, and we do not intend to stop now. Our ambition is to make efforts every day to strengthen our connection with people, communities and the environment in which we operate, and always leave a positive impact."

Maria Cristina Bifulco

Chief Investor Relations, Sustainability and Communications Officer

ACCELERATING GROWTH

Prysmian’s sustainability strategy

Prysmian is an organization made up of people, united by a desire to connect the world and lead the energy transition and the digital transformation.

 

Passion, innovation and teamwork are what unites Prysmian every day with all of its stakeholders, working toward a horizon of sustainable growth.

 

The passion of responsible commitment, innovation as the mantra guiding every choice and teamwork as a model for thought, action and behavior.

 

The sustainability strategy is based on four pillars, each of which contributes to the creation of added value for the benefit of the Group and all its stakeholders:

 

  • Environment

    Our primary goal is to act proactively as pioneers in our Group's decarbonization process, promoting climate-altering emission reduction actions throughout the value chain and developing solutions whose positive impact extends beyond the boundaries of our business.

 

  • People and Communities

    People are at the core of our activities. We are 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.

 

  • Governance

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

 

  • Innovation

    Innovation is a strategic pillar that has characterized us since our origins, and it affects all dimensions of the company, starting from the development of new products, developed taking into consideration their added value in terms of environmental and social sustainability.

 

Climate Ambition and Social Ambition

During 2021, Prysmian formalized two strategic ambitions that will guide its actions over the medium-long term: the Climate Ambition and the Social Ambition.

Climate Ambition

Prysmian’s ambition is to be the leading technology player in the transition to a low-carbon economy, and our investments are aimed at constantly improving the sustainability of the entire value chain.

 

Ambition that we nurture every day with concrete actions: energy efficiency, responsible use of natural resources (raw materials and water), optimization of logistic flows, proper waste management, protection of biodiversity.

 

Prysmian’s climate strategy adopts science-based targets, which are aligned with the Paris Agreement climate ambition in the scenario of limiting global warming to 1.5°C. Specifically, in defining its commitment to Net Zero emissions, Prysmian adopts the protocol defined by the Science Based Targets initiative (SBTi) which calls for:

 

  • the reduction of Scope 1, 2 and 3 emissions to zero, or at least to a residual level consistent with the minimum ambition under the Paris Agreement
  • the removal of any residual greenhouse gas emissions.

 

Within this initiative, Prysmian has taken the following actions:

 

  1. definition of an overall Net Zero target for its own emissions;
  2. definition of a short-term emissions-reduction target;
  3. definition of a long-term emissions-reduction target.
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Social Ambition

Prysmian recognizes that its people are and always have been a fundamental asset to the business. The history and the success of the Group derive directly from the know-how and skills of our employees, as well as from their engagement and constant motivation to support our growth towards the future.

 

Prysmian's aspiration is to build a more equal, inclusive and innovative world, starting with, but not limited to, its employees. To be able to do this, the Group formalized its Social Ambition, which mainly concentrates on the commitment to improve Diversity, Equality and Inclusion (DE&I), digital inclusion, the empowerment of communities, employee engagement and upskilling.

 

Caring for, valuing and cultivating our people is the goal of our Social Ambition. That is because, for us, being connected and spreading the sustainability culture means growth.

 

These commitments have been translated into specific Group targets to be achieved by 2030, aligned with the UN Sustainable Development Goals.

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Chief Sustainability, Investor Relations and Communication Officer

Maria Cristina Bifulco

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