2013 SuStainability RepoRt >
eConomiC and finanCial ReSponSibility
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| pRySmian gRoup | 2013 SuStainability RepoRt
inVestoR Relations
The creation of value for shareholders and other stakeholders
is a key priority for Prysmian, being an important aspect of
its commitment to accuracy, clarity and transparency in the
communication of its business strategy, objectives and results.
The Group’s actions and procedures are designed to provide
the market with credible information about the business,
thus boosting confidence in the Company and encouraging a
long-term investment approach to its shares. Every effort is
made to avoid biased disclosures and ensure that all investors
and potential investors receive the same information so that
balanced investment decisions can be made.
The Investor Relations office manages relations with
institutional investors and financial analysts, through a
process of transparent and timely communication. More
specifically, upon publishing its quarterly data, the Company
organises conference calls with institutional investors
and financial analysts and also invites specialist media
representatives to take part. In addition, the Company
promptly informs shareholders and potential shareholders
about every action or decision that could have a material
impact on their investment.
Contact with the financial markets was particularly intense in
2013, with more than 400 one-to-one or group meetings at the
Company’s offices, roadshows in the largest financial centres
of Europe, North America and Asia, as well as participation at
various conferences organised by leading international brokers.
In addition, the Group organised various visits to factories in
Europe, the United States and Asia for institutional investors
and financial analysts during the year, in order to provide
them with more detailed information about its products and
production processes.
Coverage of Prysmian stock remains very high with
considerable geographical diversification, even though the
research sector in Italy and worldwide underwent further
consolidation during the year. Prysmian stock is now tracked
regularly by 23 independent offices (25 at the end of 2012):
Banca Akros, Banca Aletti, Banca IMI, Banca Profilo, Barclays
Capital, Berenberg, BofA Merrill Lynch, Citi, Credit Suisse,
Equita, Espirito Santo, Exane BNP Paribas, Fidentiis, Goldman
Sachs, Hammer Partners, HSBC, Intermonte, JP Morgan, Kepler
Cheuvreux, Mediobanca, Morgan Stanley, Natixis, UBS.
The Investor Relations function has maintained constant
contacts with institutional investors, not least via the website
, which recently received a new
interface and updated content. This includes the recordings of
conference calls and presentations to the financial community,
corporate documentation, press releases and all other
information relating to the Group, in both Italian and English.
The Investor Relations section also contains the financial
calendar, meeting documents, the Code of Ethics and contact
information for the analysts that track the stock, as well as
specific sections on corporate governance, risk factors and the
share price.
During the year, socially responsible investors (SRI) whose
investment strategies include social and environmental
considerations, as well as economic-financial matters,
have shown increasing interest in the sustainability issues
addressed by the Prysmian Group. This was confirmed by an
increase in the attendance of these investors at the meetings
and roadshows organised for them in Paris, London and Zurich
during 2013. The Investor Relations function also arranged
regular meetings and contacts with institutional investors
and ethical funds during the year. The objective was to provide
these groups with information about the Group’s approach to
sustainability and communicate our principal environmental
and social performance indicators, as well as our economic
parameters. Furthermore, Prysmian has systematically
responded to the questionnaires submitted by specialist
companies with a view to improving their understanding of
the Group’s social and environmental strategy. In this regard,
during 2013 Prysmian was recognised by CDP (formerly
the Carbon Disclosure Project) as the “Best Newcomer”
within the Italy 100 panel, considering our commitment
to the improvement of energy efficiency and our clear and
transparent reporting on CO
2
emissions. Most recently, in
January 2014, Prysmian was included for the first time in the
“Sustainability Yearbook 2014” published by RobecoSAM
(following research carried out in 2013). This is one of the
world’s most complete publications in the area of Corporate
Social Responsibility.
