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117

Commitment to environmental stewardship and to the

conservation of natural resources is critical for the Group to

create sustainable value, benefiting both the organisation

and its stakeholders. This approach is expressed not only

in the product's intrinsic characteristics, but also in the

management of production systems, where the focus is on

prevention and reduction of environmental impact through,

for example, efficient use of natural resources, optimisation

of logistics and responsible waste management.

On the basis of the environmental performance indicators

viewed as relevant at Group level, Prysmian's Health Safety

& Environment (HSE) function, working together with other

functions and with the backing of the Board of Directors,

established the Group's HSE objectives for 2013-2014. These

objectives were communicated to all Country and Organisa-

tional Unit managers and, where possible, individual targets

were set.

In 2014, HSE further consolidated its action at various levels

of the Group's organisation (Corporate, countries or regions,

business units and production units), by centralising ac-

tivities and coordinating the work of local HSE functions.

The Health, Safety and Environment policy, Management

Procedures and corporate Technical Standards have been

introduced and applied in the operating units. With the

support of the Group's team of auditors, the HSE function

has periodically checked the effectiveness and correct im-

plementation of HSE rules locally.

The aspects that HSE monitors, through the use of indica-

tors, include compliance with health and safety standards,

energy consumption, waste management, the use of water

resources and atmospheric emissions of greenhouse gases.

These indicators are presented in the Sustainability Report.

In particular, with regard to greenhouse gas emissions, the

Group has started to collect energy consumption data to

keep a track of "direct" emissions (arising from the produc-

tion process), and "indirect" ones (arising from bought-in

energy). This monitoring and reporting system has allowed

Prysmian to participate, once again in 2014, in the Carbon

Disclosure Project (CDP), an international initiative that

aims to contribute to achievement of the Kyoto Protocol’s

targets for worldwide reduction in greenhouse gases.

During the year, the Prysmian Group also defined and applied

the methodology for assessing the environmental impact of

certain types of products. In addition, the process continued

of obtaining certification for the Group’s HSE management

systems. At the end of 2014, 93% and 59% of the sites were

certified in accordance with ISO 14001 and OHSAS 18001

respectively.

During the year a total of 125 inspections were carried out at

the various plants, of which a quarter by Prysmian auditors

aimed at verifying compliance with the required standard,

while the rest of the inspections were conducted by the

Group's main certification body. In addition to these, there

were other internal audits on specific matters and inspec-

tions by other bodies.

In addition to numerous training initiatives, Prysmian

managed and carried out a series of activities, coordinated

by the HSE function, including:

• completion of the environmental and safety section of

the RobecoSAM corporate sustainability assessment

questionnaire for admission to the Dow Jones Sustain-

ability Index (DJSI), with a major improvement on the

prior year score. The HSE function has already planned

and launched several other initiatives in this regard to

ensure more complete reporting and to highlight in more

detail the connection between environmental improve-

ments and the resulting economic impacts;

• active participation in various working groups and com-

mittees of industry associations (the Europacable ECOE

Committee, the Orgalime "Substances Task Force", the

ANIE Environment Committee, the AICE environment

working group, and the IEC Maintenance Team which

is developing the standard for the environmental

statement specific to energy cables).

The integration process represents an opportunity for

improvement, in which the HSE function will coordinate

the development of additional policies and operating proce-

dures to manage health, safety and the environment at all

the Group’s operating units. In this context, Prysmian Group

monitors its environmental, health and workplace safety

performance using qualitative and quantitative measures,

some of which are published in the Sustainability Report.

This document, to which reference should be made for

further details, describes not only the Group's performance,

but also the existing management models and lines of

development for future action.

PRYSMIAN FOR THE ENVIRONMENT

At the end of 2014, 93% and 59% of the sites were certified in accordance with ISO 14001

and OHSAS 18001 respectively.