Sustainable value chain

A sustainable value chain is critical to being competitive and resilient. All of Prysmian's production processes take place with sustainability in mind. We anticipate our customers' needs and requirements by strengthening the connection with suppliers and focusing on creating value for them and all of our stakeholders.

The integration of financial, environmental and social sustainability underlies our management model. Our technological and industrial leadership amplifies our positive impact on the community.

Distribution of value to stakeholders

The economic value generated, being the overall wealth created by the Group for all stakeholders, totalled €16,719 billion in 2022. Much of this value, €16,211 billion, was redistributed. Of that amount, 80.89% was spent on suppliers, 10.85% was paid to staff, 6.83% went to lenders for interest on financing, 1.42% was paid to the Public Administration, and 0.01% was contributed to the community.

Prysmian's supply chain

Prysmian’s supply chain plays a decisive role in the business and the sustainability strategy of the Group. On one hand, it endeavors to ensure a stable and continuous supply of materials to its facilities while, on the other, it guarantees a competitive advantage thanks to the careful selection of suppliers in ESG terms and constant engagement with them, by forging long-term partnerships.

Prysmian guarantees a supply chain where workers' rights are respected in line with the Group's high standards. From an environmental standpoint, instead, supplier selection is key to reducing the Scope 3 emissions of the Group, so that the entire supply chain can achieve carbon neutrality by 2050. In addition, Prysmian seeks to support those suppliers that use recycled materials in their production processes.

For its supply chain, Prysmian strives for excellence in terms of service levels, as it is aware of the responsibility associated with the company's leading role in the international arena. Indeed, Prysmian absorbs about 2-3% of the world's copper production; in the electrical and electronics sector, the share rises to about 7% of the copper used.

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A customer-oriented approach

Prysmian puts customers at the centre of its business, from design to execution to new product creation, monitoring their level of satisfaction by means of specific initiatives.

One of the most relevant initiative is the "Customer Portal / b2b Program", aimed at establishing a customer information platform, enhanced with features for the online purchasing of standard cables and based on a country-level Go To Market strategy.

Customer satisfaction is monitored through online surveys and individual interviews. The Group applies the principles of flexibility throughout the entire supply chain, with a view to accelerate Time to Market and align with customer demand across different sectors.

Thanks to its global presence, Prysmian is fully capable of responding to different customer needs, serving very different segments and markets through a matrix organizational structure. The Group leverages local operating and R&D facilities, while the central Business Divisions enable it to serve global customers by collaborating at international level.

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