The Sustainability Scorecard

The Sustainability Scorecard

"Today all of Prysmian's industrial processes include ESG KPIs. Prysmian considers sustainability crucial to its operations, and there is no production process or business unit within the Group that is not committed to ESG. The market itself is demanding it. Nowadays, investors or banks would not consider investing in companies that do not meet sustainability requirements.

Maria Cristina Bifulco

Chief Sustainability, Investor Relations and Communication Officer

Setting clear, measurable objectives and tracking advancements are fundamental steps in crafting a credible roadmap towards sustainability. Our Sustainability Scorecard establishes a tangible and measurable action plan aimed at managing social, economic and environmental impacts by integrating them into business operations.

 

The three-year objectives included in the Scorecard (12 Impact KPIs) have been set based on Prysmian's scope, also integrating:

  • the Group's Long-Term Ambitions (Social Ambition and Climate Change Ambition);
  • UN Sustainable Development Goals (SDGs);
  • The Group Materiality Analysis (focusing on the external impacts generated by the business).

The Impact Scorecard is shaped on the four pillars of company’s sustainability – Environment, People-Community, Governance and Innovation. Scorecard targets are regularly monitored by the Sustainability Steering Committee, chaired by the Chief Sustainability Officer, and shared with the Sustainability Committee.

ESRS Related topic Kpi Baseline 2022 Result 2023 Result 2024 Target 2025
S3 - Communities concerned Enable access to green electricity to households(1) 21m 56m 78.4m 110m
S3 - Communities concerned Enable fast digital access to households(2) 3m 9m 17.1m 15m

ESRS Related topic KPI Baseline 2022 Result 2023 Result 2024 Target 2025
E1 - Climate Change Percentage reduction in GHG emissions Scope 1 and 2 Market Based vs baseline 2019(3) -28% -33% -37% -38%/-40%
E1 - Climate Change Percentage reduction in Scope 3 emissions vs Baseline 2019(4) -7.5% -10% -21% -11.5%/-15%

 

ESRS Related topic KPI Baseline 2022 Result 2023 Result 2024 Target 2025
E5 - Circular Economy Share of revenues from sustainable products(5) 30% 37% 43.1% 40%
E5 - Circular Economy Share of recycled content on PE jackets and copper(6) 10% 12.8% 16.2% 13.4%/15.7%

ESRS Related topic KPI Baseline 2022 Result 2023 Result 2024 Target 2025
S1 - Own Operations Percentage of desk workers women hired(7) 44.9% 46% 47.5% 46%/48%
S1 - Own Operations Percentage of women executives(8) 15.7% 18.8% 19.2% 20%/23%

 

ESRS Related topic KPI Baseline 2022 Result 2023 Result 2024 Target 2025
S1 - Own Operations Safety Assessment Plan(9) - 3.4 4.01 2.75/5
S1 - Own Operations Leadership Impact Index (10) 55% 57% N/A 57%/61%

ESRS Related topic KPI Baseline 2022 Result 2023 Result 2024 Target 2025
S1 - Own Operations Percentage of employee shareholders (11) 37% 46% 46% 44%/45%
G1 - Corporate conduct Completion rate for compliance e-trainings promoting anticorruption(12) 75% 89.31% 90% 90%
  1. Enable access to green electricity to households: Estimated households connected to green energy through Prysmian products. It includes installed capacity through photovoltaic panels, onshore and offshore wind turbines, and interconnections intended for renewable energy generation.
  2. Enable fast digital access to households: Estimate of households connected with rapid digital access (defined as FTTH, FTTB, DOCSIS 3.0) thanks to Prysmian products.
  3. Percentage reduction in GHG emissions Scope 1 and 2 Market-Based vs baseline 2019: Reduction in CO₂ emissions (Scope 1 and 2) compared to 2019, according to SBTi methodology. Scope 2 is calculated using the Market-based method. The figure refers to Baseline 2019 equaling 920 kton CO₂, and does not include Encore Wire emissions as the company is waiting for approval of the baseline restatement by SBTi.
  4. Percentage reduction in Scope 3 emissions vs Baseline 2019: Reduction in CO₂ emissions from the entire value chain (Scope 3) compared to 2019, according to the SBTi methodology. The figure does not include Encore Wire emissions as the company is waiting for approval of the baseline restatement by SBTi.
  5. Share of revenues from sustainable products: Percentage of total revenues coming from the sale of environmentally friendly products.
  6. Share of recycled content on PE jackets and copper: Percentage by weight of recycled content of certain purchased materials. The scope of the indicator includes 1) copper purchased at Group level, excluding occasional suppliers and semi-finished products; 2) polyethylene used for jackets, excluding those applications for which customers do not allow the use of secondary materials. The target to 2025 has been modified compared to previous financial statements as a result of the change in scope due to the integration of Encore Wire. More information will be published by 16 March 2025 in the 2025 Report on remuneration policy and compensation paid. In 2024, the figure for the Prysmian perimeter alone, excluding Encore Wire, is 16%.
  7. Percentage of desk workers women hired: Share of women desk workers hired with permanent contract compared to the total employees hired with permanent contract. The index includes all desk workers hired from External (including global recruiting programs and projects) and all change of contracts from agency/temporary to permanent. In 2024, the figure for the Prysmian perimeter alone, excluding Encore Wire, is 47.7%.
  8. Percentage of women executives: Share of women in executive positions (job grade 20 and above) as a percentage of total executive employees. The KPI reflects the ability of the Group to develop internal figures to take on leadership roles, its capability to hire them from the market and its ability to retain those talents. The target as at 2025 has been modified compared to previous financial statements as a result of the change in scope due to the integration of Encore Wire. More information will be published by 16 March 2025 in the 2025 Report on remuneration policy and compensation paid. In 2024, the figure for the Prysmian perimeter alone, excluding Encore Wire, is 20.1%.
  9. Safety Assessment Plan: Index relating to the level of maturity in the safety management of the Group's various plants, calculated following an Audit conducted by a specialized third-party company. The index consists of four different categories (governance, employee engagement, risk assessment and injury frequency rate). At the end of the assessment, an overall score is given on a scale of 1 (lowest) to 5 (highest). The figure refers only to Prysmian alone, as it is not applicable to Encore Wire for the year 2024.
  10. Leadership Impact Index: Index calculated as the percentage of employees who declared a level of engagement with the company of at least 5 out of 7 points in the Speak Up survey conducted by the company. The indices and the survey were developed in collaboration with POLIMI University in order to ensure their quality and anonymity. In 2024, the Speak Up survey was not conducted in the face of the Encore Wire integration process that took place starting in the second half of the year. The survey will be sent to employees in 2025.
  11. Percentage employee shareholders: Number of employees with Prysmian shares deposited in company administrative accounts through GROW, YES and BE IN plans as at 31 December, divided by the total number of employees eligible to participate in at least one of the plans. In 2024, the number refers to Prysmian only; Encore Wire employees are not included in the calculation because they are not “eligible”.
  12. Completion rate for compliance e-trainings promoting anticorruption: It includes e-learning conducted through the Group’s business management system and is for all desk workers (excluding business partners, consultants, contractors, employees on leave of 30 days or more and temporary trainees). It is subject to annual approval of the compliance plan by the Board of Directors; topics may include one or more of the following: code of ethics, anti-corruption, gifts, conflicts of interest, Helpline or business policy. The number refers to Prysmian only, as it does not apply to Encore Wire for the year 2024.