Sustainability Report

La struttura narrativa del nostro Bilancio di Sostenibilità 2022

This year, for the first time, Prysmian Group has published the Sustainability Report as a stand-alone document.

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 Group's UN Global Compact.

From an accounting standpoint, the Sustainability Report is subjected to a limited examination by an auditing firm, in accordance with the International Standard on Assurance Engagements (ISAE 3000 Revised).

THE “IMPACT SUSTAINABILITY” MODEL

The Group's sustainability strategy is based on an “Impact Creation” model.

This model describes how the Group creates value over time, by identifying, in relation to sustainability topics, its significant impacts on the environment, the economy and people, including their human rights, together with its impacts by a financial point of view.

Using the model, it is possible to analyse the effectiveness of processes throughout the Group's value chain and identify areas for improvement in a timely and measurable manner.

The model comprises four macro-areas that will guide readers in this Sustainability Report using colours and keywords.

 

 

IMPACT-CREATION-MODEL
  1. The first area, Prysmian's value chain, describes the Group's identity and activities;
  2. the second area identifies the actual and potential impacts, both positive and negative, generated by Prysmian throughout its entire value chain (see the “Materiality analysis 2022” section for more information).
  3. the third area involves measuring and monitoring constantly the KPIs that Prysmian has defined within its sustainable development strategy;
  4. the fourth area comprises the environmental and social ambitions identified by the Group as a tangible response to these impacts, via continuous innovation of products and processes.

The four areas, interconnected in a circular way, describe:

  1. IMPACTS: positive or negative, actual or potential, short/medium or long-term impacts generated by Prysmian throughout the entire value chain and suffered in connection with specific financial indicators;
  2. LONG-TERM AMBITIONS: defined by Prysmian as concrete responses to these impacts.

2022 SASB Report

 

The SASB Report refers to the 2022 financial year (from January 1st to December 31st) and includes the most recent year-end figures available. The data and information reported refer to all companies of the Prysmian Group at December 31, 2022, consolidated on a line-by-line basis. Within the report are included figures of 2021 as a comparison year.

2022 GHG Statement

Prysmian climate strategy adopts “science-based” targets aligned with the requirements of the Paris Agreement, and aims to decarbonize its own operations by 2035 (Scopes 1 and 2) and the whole value chain by 2050 (Scope 3). During 2022, the Group submitted new updated targets in order to match the latest standard from SBTi, increasing its decarbonization speed. Since 2021, Prysmian publishes a GHG Statement with the aim of tracking its progress against established targets and giving a transparent disclosure of the whole value chain carbon footprint. The 2022 Scope 3 emissions represents more than 99% of the total emissions of the Group.

GHG

2022 TCFD Report

 

In order to further confirm the Group’s commitment to managing climate-related risks and opportunities, Prysmian, together with the Control and Risk Committee and the Sustainability Committee, launched the process for fully integrating the framework recommended by the Task Force on Climate-Related Financial Disclosures (TCFD) established by the Financial Stability Board (FSB).

Discover the interactive version of our Reports

Sustainability Report 2022

SASB Report 2022

TCFD Report 2022

GHG Statement 2022