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TOP CONTENT
OVERVIEW

Our commitment
to a low-carbon future

Every day, we are committed to ensuring the sustainability of our production processes and to safeguarding the environment. We work alongside local communities to ensure that the areas in which we operate are protected and to guarantee workplace safety. 
The United Nations “Decade of Action” programme has defined tangible solutions to all the challenges posed by the 2030 Sustainable Development Goals. The first and most important objective is to make electrical energy production clean. A transition is required from the current model — based on fossil fuel use and the main cause of climate change, and hence of about 60% of greenhouse gas emissions — to one based on energy from renewable sources, which preserves the ecosystems for future generations and can be made accessible to an ever-greater number of people in all regions of the world to support their civil and economic progress.
Prysmian Group is committed to supporting the achievement of the global agenda goals, contributing to building and upgrading infrastructures for energy transmission and distribution and for telecommunications — the essential drivers for the transition to a new development model for the civil society.
It is for this reason that we are engaged in continuous technological innovation with about €106 million investment in R&D completed in 2019, over 50 partnerships for innovation and about 5,900 patents filed.

Fully integration of the TCFD framework in the management of climate-related risks and opportunities

In 2020, in order to further confirm the Group’s commitment to managing climate-related risks and opportunities, Prysmian, together with the Control and Risk Committee and the Sustainability Committee, launched the process for fully integrating the framework recommended by the Task Force on Climate-Related Financial Disclosures (TCFD) established by the Financial Stability Board (FSB).

Most of TCFD’s recommendations — which focus on four key elements, i.e., governance, strategy, risk management, and metrics & targets — have already been adopted by the Group with the aim of fully integrating the framework by 2022 thanks to the support of a partner, a leading player in this field, which has already been identified.

 

Prysmian Group adheres to the Global Compact, whose principles and spirit are reflected in the culture, values and practices of the group. Environmental, Social and Governance (ESG) values are deeply embedded in the Group’s DNA, inspiring its strategic priorities and influencing day-by-day behaviors.

50 Climate Leaders. Positive Climate Action Across the World

 

Prysmian Group is highly committed to supporting the development of greener and smarter power grids. Submarine cables are, and will be, an essential part of this development. Prysmian has been involved over the years in many milestone projects across the globe, contributing to the development of entire communities. The focus of the new campaign realized in collaboration with Bloomberg is to showcase the work of organisations, such as Prysmian Group, leading global thought and action on the critical climate issues of our time.
We aim to become a thought leader in our industry and a positive contributor towards environmental issues.

This is the fifth year we continue to adopt the Sustainability Report as a consolidated disclosure of non-financial information, with specific reference to environmental, social and staff-related issues, respect for human rights and the fight against bribery and corruption. The document is prepared in accordance with GRI Sustainability Reporting Standards; we reported our efforts in several fields, from the protection of the environment and health and safety at work, to business ethics and integrity.

“Sustainability is in our DNA and is an integral part of our business across the Group’s entire organisation. We are constantly reinforcing our technology offer in support of the energy transition and are committed to increasing the percentage of sales from low carbon products to 50% by 2022.”

Array

Valerio Battista

Chief Executive Officer

As a Group with a global footprint, we take our responsibility to create an inclusive environment seriously. We have a culture of sharing, collaboration, openness and transparency which means we embrace diversity, and we consistently monitor our progression.

Each of our people has a unique skillset, perspective and capability that they bring to the business. We encourage our people make their mark on Prysmian Group by recognising the essential part that they play both in the business and for the world.