Sustainability Governance

In order to continually improve the sustainability of business activities, the corporate reputation and collaboration with stakeholders (customers, Group companies, communities and shareholders), Prysmian has made MARIA CRISTINA BIFULCO Chief Investor Relations, Sustainability and Communications Officer, with the duty of consolidating ESG strategy and actions, guiding them in the short, medium and long term. The Chief Sustainability Officer will play a crucial role in achieving Prysmian's ESG goals by developing and implementing ESG strategy and targets, Stakeholder Engagement initiatives, project and practice sharing, and ESG planning and performance management.

A board Sustainability Committee has been formed, whose secretary is the Chief Investor Relations, Sustainability and Communications Officer, to support and monitor major initiatives for addressing climate change, such as the adoption of the Climate Change Ambition, the dissemination of a culture of sustainability within the company with the Sustainability Academy, etc. A Sustainability Steering Committee, chaired by the Chief Sustainability Officer (CSO), has also been formed.

The Sustainability Steering Committee meets periodically to discuss strategic sustainability priorities, the progress of the action plan and its implementation. Strategic sustainability guidelines are defined and promoted at corporate level and then integrated into local policies and all daily activities.

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Sustainability Steering Commitee

At operational level, the Sustainability (ESG) Steering Committee is responsible for:

defining and implementing actions at Region, BU and function level;
effectively managing assigned resources to achieve set goals, reporting to the Group Management Committee;
promoting sustainability activities within the Group in the defined scope;
monitoring the progress made in reaching internal goals with respect to the Group Scorecard and external ratings (DJSI, CDP, etc.).

Local Sustainability Ambassadors

Local Sustainability Ambassadors are responsible for fostering local ESG initiatives and promoting a culture of sustainability within their regions and businesses.

To further strengthen the Sustainability focus Massimo Battaini as Group COO will act as the main sponsor of the overall ESG commitment and strategy.

In order to make our action with our stakeholders more effective, Maria Cristina Bifulco – Chief Investor Relations, Sustainability and Communications Officer - will be responsible for the preparation and consolidation of the Annual Sustainability Report containing Non-Financial Information pursuant to the European Directive 2014/95/EU. He will leverage upon the collaboration of all the different functions.

The Corporate and Business Communications department is responsible for coordinating all activities related to the Group’s sustainability reporting, both in terms of process and of content, mapping the stakeholders and monitoring their expectations through stakeholder engagement activities, as well as guaranteeing transparent and constant communication both with the external and the internal stakeholders.