INSIGHT ISSUE 02 | 2021
27 INSIGHT | Tracking the Future organization that prioritizes talent, abilities, diverse experiences, different cultural backgrounds, and, in general all forms of diversity: ethnic, race, gender, language, age, sexual orientation, marital status, nationality, religion, political orientation, socio-economic status, physical and mental ability, experience, education and professional background. In promoting such a diversified environment, Prysmian wants people to feel respected, appreciated and free to fully express their human potential, which means qualifying diversity and inclusion as one of the main pillars of company culture. Accordingly, in addition to its Human Rights Policy, the Company is committed to supporting the adoption of its Global Anti-Harassment Policy along its value chain and within the communities in which it is present. In fact, thanks to its truly global presence in more than 50 countries, Prysmian Group participates in the socio-economic development of the communities where it operates, contributing actively to the improvement of the living conditions of the populations. Prysmian Group pursues the efficient and sustainable use of energy and natural resources by reducing consumption and greenhouse gas emissions, while minimizing the generation of waste and promoting the recycling and reuse of materials. In 2020 the Group started to implement an ambitious climate strategy adopting science-based targets, in line with the requirements of the Paris Agreement (COP 21), and endorsing the Business Ambition (1.5°C) with a “net zero” target expected to be achieved between 2035 and 2040 with regard to the emissions generated by its operations (Scope 1 and 2), and by 2050 for emissions generated by the value chain (Scope 3) aligned to a 1.5°C scenario. In fact, the Group has pledged to invest €10 million annually over the next ten years to reduce Scope 1 and Scope 2 emissions at its 104 plants and 25 R&D centers by 46% from the 2019 level. Prysmian Group will share with the UN Global Compact and all its stakeholders its progress on an annual basis, covering the following key areas: human rights, labor, environment and anti-corruption. This commitment further demonstrates the transparency and rigor of Prysmian Group in achieving and communicating its sustainability goals, in line with the UN SDGs. THE TEN PRINCIPLES OF THE UNGLOBAL COMPACT 1 2 3 4 5 6 7 8 9 10 Businesses should... SUPPORT AND RESPECT the protection of internationally proclaimed human rights. MAKE SURE that they are not complicit in human rights abuses. UPHOLD THE FREEDOM of association and the effective recognition of the right to collective bargaining. UPHOLD THE ELIMINATION of all forms of forced and compulsory labour. UPHOLD THE EFFECTIVE ABOLITION of child labour. UPHOLD THE ELIMINATION OF DISCRIMINATION in respect of employment and occupation. SUPPORT A PRECAUTIONARY APPROACH to environmental challenges. UNDERTAKE INITIATIVES to promote greater environmental responsibility. ENCOURAGE THE DEVELOPMENT and diffusion of environmentally friendly technologies. WORK AGAINST CORRUPTION in all its forms, including extortion and bribery. Prysmian Group’s fully-integrated ESG approach requires the company to “walk the talk” with concrete actions, in all fields in which it operates. Prysmian takes steps to reduce the impact on the environment, and that of its suppliers. It facilitates the use of clean energy by enabling the energy transition and pursues innovations that make all its products and solutions increasingly eco-friendly to help clients meet their climate change targets.
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