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PRYSMIAN GROUP | DIRECTORS’ REPORT
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A SUSTAINABLE APPROACH TO MANAGING THE BUSINESS
The Group, which this year celebrated 10 years since the birth of Prysmian with its employees, is following a
sustainability policy that allows it create value in the business sense and improve relations with all its
stakeholders.
In line with its Vision statement, focused on promoting "the efficient, effective and sustainable supply of
energy and information as the principal driver for the development of communities", and in keeping with its
values of excellence, integrity and understanding, Prysmian has chosen to strengthen its commitment to
sustainability, by treating it as a strength running through every area of the business that increasingly
represents a distinguishing factor and competitive advantage.
Reflecting therefore the importance of sustainability issues in business process management and in
response to the invitation in Italy's Corporate Governance Code for Listed Companies to formalise their
approach to these matters, as from 1 January 2016 the Board of Directors has put the Compensation and
Nominations Committee in charge of supervising sustainability issues associated with the Group's operations
and dynamics of interaction with stakeholders, thereby enhancing the importance of sustainability in
Prysmian's strategic decisions.
The Group expresses its attention to stakeholders on a daily basis, by engaging every business function and
directing its growth strategy towards key areas, like the sustainable, technological innovation of its solutions,
the environmental responsibility of its production processes, the management of relations with the local
communities in which Prysmian operates, as well as attention to safety at work and the development of
personnel.
Prysmian's approach to sustainability is also evident in the relations with its business partners. Among the
actions taken to include environmental and social criteria in the process of supplier selection, evaluation and
qualification, in 2015 Prysmian developed a supplier qualification questionnaire which needed to be
completed by all new players entering the Group's supply chain. Taking an integrated approach to
sustainability, by identifying the stages of its supply chain in which there are significant environmental and
social impacts, Prysmian has required all its wire rod suppliers, representing about 80% of the total volume
of metal purchased, to complete a self-assessment questionnaire. The questionnaire was aimed at finding
out how these suppliers managed the main issues related to sustainability. Prysmian then presented the
results to each supplier during the usual negotiation meetings. This has significantly raised awareness within
the Group's supply chain of the importance Prysmian gives to sustainability as a criterion for selecting
suppliers and awarding the related contracts.
Aware of the important role also played by other stakeholders, and in order to strengthen responsible
commitment on a global scale, Prysmian continually works to establish relationships of trust with them based
on the principles of transparency, openness and readiness to listen. Accordingly, Multi-Stakeholder
Engagement initiatives have become an integral part of the Group's growth strategy. In addition to being an