11 Nevertheless, he said the shift to this new form of reporting still pose many challenges, including those of a regulatory nature, which have encouraged Prysmian to act on this front well ahead of any mandatory requirements. “We needed time to adapt and to align the robustness of the nonfinancial reporting processes, and internal control system, to the same level of the financial reporting,” he said. “The bar will dramatically increase overnight, and if you did not start well in advance you could struggle to comply.” Other challenges include integrating both financial and ESG aspects when making decisions, assessing the long-term resilience of strategy and corporate health, and simplifying and streamlining reporting frameworks for clarity. The energy transition is not just about targets, indicators, and reports, but it also involves people, and engaging them to be part of the change, said Prysmian’s Chief Human Resources Officer, Fabrizio Rutschmann. “This is a cultural change and cultural changes do not normally happen in a second,” he told the event, adding that this was the reason for establishing the Sustainability Academy initiative. This aims to reach Prysmian’s more than 30,000 employees digitally, explaining sustainability themes from a broad perspective and showing how contributions can be made at the individual level. He said another tool being used to boost staff engagement is rewarding schemes based not only on financial factors but also taking into account ESG indicators. Prysmian’s Social Ambition for 2030 includes steps to improve gender equality and ethnicity inclusion, upskilling for employees, health and safety advances and projects supporting developing countries and vulnerable communities. “It is people that make the difference in the end. People are firstly people who work in Prysmian, but also communities in which we are working,” said Rutschmann. “We have more than 100 communities within which we work in our plants. It is important for people to know that the company is not looking only at profits, but it is also looking at how it can help communities to be better in the future.” THE ROLE OF PEOPLE INSIGHT | Going Green and Digital Fabrizio Rutschmann Prysmian’s Chief Human Resources Officer
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