17 Sustain, to lead As Prysmian launches its new business strategy, has it also any targets for improving sustainability? In Prysmian, we always like to over-deliver, including in our sustainability strategy. We believe that nurturing an attractive, inclusive, equal working environment is essential for the success of the company. We unveiled our Social Ambition in 2021 with a broad range of targets in this area to be achieved by 2030. Thanks to our strong focus on execution and our commitment, we are now able to bring forward some of these key performance indicators (KPIs) to 2027. First of all, we are anticipating to 2027 our target of having between 45 and 50 % of our employees holding shares in our company. This is not just about financial investment; it is also about aligning our team and our success. We are also bringing forward our target of hiring, promoting and developing further +500 women in STEM roles to 2027. We have always recognized the benefits of gender balance, and the importance of creating a pipeline of talented women to lead in the future. By 2027, we are aiming to provide between 35 and 37 hours of training annually to each employee, compared to the current 29 hours. We will achieve this by leveraging our Prysmian Academy, which has already provided more than 800,000 hours of training to employees of all levels, as well as using our Sustainability Academy, to raise awareness on key Environmental, Social and Governance (ESG) topics. This is on top of the many safety training sessions we provide. Sustainability for Prysmian also means going beyond the business. We feel responsible to give back and to reward talent while expecting no direct benefit, and to support training for talented women and children from underprivileged communities. By 2027, we will invest in STEM education for more than 400 women and young girls and over 1,400 children. These initiatives are already underway in Brazil, Colombia, Mexico, Oman, and the Netherlands. It is not good enough to just talk about what you do, you need to set targets and track your performance against those targets, and not only over the long-term. That is why we also set ambitious KPIs for the short and medium-term, to be able to be measured on our commitments over the coming years. How is the company progressing towards its emissions reduction targets? Having announced our Climate Change Ambition in 2021, we were the first cable maker to receive validation from the Science Based Targets initiative that year. And we also upgraded our targets this year to actively drive the industry forward. We are fully committed to achieving 90% decarbonization of Scope 1 and 2 emissions by 2035 and are actively engaged with our suppliers and customers to achieve Net Zero, through the decarbonization of 90% of Scope 1, 2 and 3 emissions by 2050. We are on target for a 47% reduction in Scope 1 and 2 emissions by 2030 and we already reached a 28% decrease at the end of 2022 versus INSIGHT | Focus On 400 1,400 young women children BY 2027 STEM FOR MORE THAN Governance Innovation Social Environmental
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