INSIGHT ISSUE 01 | 2021

5 INSIGHT | Focus On Prysmian outlined its new net-zero project during Sustainability Day on November 25, saying it will set science-based carbon reduction targets encompassing both Scope 1&2 (emissions from its own organization) and Scope 3 (emissions from the supply chain), undertaken with the support of Carbon Trust. Carbon targets are considered ‘science-based’ if they are in line with what the latest climate science says is necessary to meet the goals of the Paris Agreement — to limit global warming to well-below 2°C above pre-industrial levels and pursue efforts to limit warming to 1.5°C. Most nations have set targets for 2030. “Sustainability is part of our DNA,” said Prysmian Group CEO Valerio Battista at the online event. “We are a public company and we need to be sustainable towards all our stakeholders. I like the idea of running a company that is going be able to help the world to move to a more sustainable future.” CEO Battista kicked off the event with an overview of what sustainability means for Prysmian Group. For example, the Group is supporting the energy transition with projects like the German corridors in Europe, and has developed an innovative submarine cable solution that can reach depths of 3,000 meters. Then event moderator Andrea Cabrini of Class-CNBC turned the floor over to Chief Operating Officer Andrea Pirondini, who went into more detail about Prysmian’s €450 million sustainability investments and its project with Carbon Trust. " As a market leader for renewable energy transmission, we are working hard to develop new technology and new assets to move this power across regions and across oceans. To do that, you need the right ships, and also the right products. We are ready with both of these" Valerio Battista Prysmian Group CEO