Stakeholder Engagement

SUSTAINABILITY

Active stakeholder engagement

Prysmian's Stakeholders

Prysmian's sustainability strategy is based on constant dialogue with stakeholders (customers, suppliers, universities and research centers, investors and trade unions). The goal is to develop a relationship of trust and transparency through an ongoing process during the numerous Multi-Stakeholder Engagement events held throughout the year. Through these events, we are able to identify the needs, problems and expectations of stakeholders and subsequently integrate them into the Group's strategy. These events also give rise to new improvement ideas that then lead to product and process innovation. Stakeholders are invited to provide their feedback on the main impacts (positive and/or negative) of the Group's activities throughout Prysmian's entire supply chain.

Interaction between Prysmian and stakeholders

Stakeholder Type of Engagement Purpose of Engagement
Customers • Customer satisfaction survey; • Cable App and customer portal; • Meetings with customers; • Conferences Listen and interact with customers to better serve them and drive innovation. Strengthen ties with Group customers to promote the sale of products and solutions with low environmental impact and sustainable technologies (Design to Sustainability).
Shareholders and investors • Shareholder meetings; • Meetings; • Conferences and Roadshows Prysmian is a publicly traded company with a large shareholder base, for which maintaining a regular and open dialogue with stakeholders on ESG (Environmental, Social and Governance) issues becomes a central aspect of its integrated strategy and value creation process.
Schools, universities and research centers • Prysmian Academy; • Local student mentoring program Invest in and promote learning and training as major levers for improvement and innovation, fostering the development of innovative ideas that can materialize into real products.
Local communities • Training activities in the local area; • Donations; • Sponsorships Promote and contribute to the social and economic development of the communities in which the Group operates.
Employees and collaborators • Town Halls; • Open day in the offices Create and foster a work environment based on diversity, inclusion and equal opportunity, in which meritocracy plays a central role.
Suppliers • Sustainability audit; • Supplier Conference Proactively promote the decarbonization of its supply chain by integrating ESG factors into supplier selection.
Environment • Dialogue with institutions and industry experts Play an active role in international forums as a leading company and trend-setter in its industry.

During the year, Prysmian organized several Multi-Stakeholder events, including:

  • Prysmian Sustainability & Innovation Days; 
  • Local events targeting regional/national stakeholders; 
  • Thematic workshops; 
  • Interviews with leading investors, academics and industry experts; 
  • An ongoing relationship with the media and participation in public events through Prysmian representatives; 
  • Thematic Town Hall meetings.
  • Top Management Interviews; 
  • Local events during Sustainability & Innovation Days; 
  • Calls and meetings with Sustainability Ambassadors; 
  • Recurrent meetings with the international communications team to ensure consistency of approach across the Group; 
  • Sustainability Steering Committee; 
  • Prysmian Sustainability Academy courses and activities; 
  • Sustainability Call for Ideas project – open to all employees to inspire new products, services or new ways of working.

To define and implement its stakeholder engagement process, Prysmian follows the guidelines of the 2015 updated version of the AA1000SES International Standard, developed by AccountAbility (Institute of Social and Ethical Accountability).

Dialogue with shareholders

Priority stakeholders certainly include shareholders, concerning whom value creation is one of the Group's most important objectives. This is why Prysmian focuses its strategic and financial communication policy on the highest standards of fairness, clarity and transparency, with the aim of increasing and consolidating investor confidence while seeking to foster a long-term investment approach to the stock and avoiding information asymmetries. Upon publishing its quarterly data, Prysmian organizes conference calls with institutional investors and financial analysts. In addition, the Company promptly informs the market about any action or decision that could have a material impact on the valuation and performance of the share.

During 2024, relations with the financial market were continuous and intense, with more than 600 conference calls and one-to-one or group meetings conducted both virtually and in-person at the Milan Headquarters and in the world’s major financial centers such as London, Paris, New York, and Milan.

Prysmian has also participated in a number of industry conferences organized by leading international brokers, as well as in roadshows and thematic events focusing on specific topics such as the Energy Transition, Digitalization, Sustainable innovation, Circular economy. In addition, the Group increasingly devotes special attention to relations with ESG investors.

The total number of ESG investors – that is, those who place environmental, social and governance issues at the center of their investment strategies – in Prysmian's ownership structure is 43%.

 

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