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PRYSMIAN GROUP | DIRECTORS’ REPORT

103

efficient and effective channel of communication, these initiatives are equally as important for everyday

business management as for the definition and implementation of future guidelines. After organising a first

Multi-Stakeholder Engagement event in 2014 in Milan, the Group has decided to take another step forward

by planning a second event in Spain at the beginning of 2016.

On the human resources front, the Prysmian Group Academy, an international school of management and

vocational education with the mission of consolidating and developing management expertise, carried on its

activities over the course of 2015. Prysmian has therefore continued to promote the development of its

employees by providing continuing education and ongoing individual development opportunities within an

international working environment.

In continually seeking to satisfy customer needs, Prysmian remains true to its corporate Mission and

develops sustainable, quality products, by investing in technological solutions able to enhance the value of

its product portfolio. Consistent with these principles, in 2015 the Group once again proved its innovative

spirit by expanding the Afumex Green line of cables, whose latest member, Afumex Green 1kV, is now the

most sustainable and safe cable on the market. Traditional petroleum-derived polyethylene, used for

insulation, has been replaced in this product with biopolyethylene (or green polyethylene), a material derived

from sugar cane, which is 100% renewable, internationally certified, and reduces CO

2

emissions (for every

tonne of green polyethylene, more than two tonnes of carbon dioxide are captured from the atmosphere).

Prysmian's steadfast commitment to sustainability is also reflected in transparent, structured communication

to all the Group's stakeholders through the annual publication of the Sustainability Report, offering its

readers the chance to learn more about the policy promoted by Prysmian and its economic, environmental,

social and product performance. Following on from the work done in the past, the 2015 Sustainability Report

has been prepared in accordance with the new "G4 Sustainability Reporting Guidelines" published by the

Global Reporting Initiative (GRI) in 2013, and reflects Prysmian's ongoing commitment to make the reporting

process ever more complete and effective, by ensuring breadth and depth of the topics covered. In fact, the

GRI Sustainability Reporting Guidelines G4 require the Sustainability Report to contain information on

matters deemed to be material, meaning those that have a critical impact for the organisation in economic,

environmental and social terms and which significantly influence the judgements and decisions of

stakeholders. The report has also been audited by a recognised external firm to provide all stakeholders with

assurance as to the reliability of the information contained therein.

In recognition of the progress made in this direction, the Group has joined the prestigious FTSE4Good

Global Index, consisting of companies that demonstrate ethical and transparent governance practices and

implement socially responsible policies. In particular, Prysmian has been highly rated by the Index's

commission of experts thanks to the high standards assured not only for its employees, like the Diversity and

Inclusion policies, in a process designed to support individual development by creating a common identity

within a highly multicultural environment, but also for its sustainable management of the supply chain.

In continuity with the past, Prysmian will participate once again in the top international assessments of

sustainability in 2016, namely the RobecoSAM Assessment for the Dow Jones Sustainability Index (DJSI)

and the Carbon Disclosure Project questionnaire.