MILAN, ITALY - 04 AUG 2023
Sustainability
“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.”
Valerio Battista
Chief Executive Officer
Prysmian Group
Chief Executive Officer
Prysmian Group
Prysmian’s ambition is to be the leading technology player in the low-carbon transition, and our investments are aimed at increasingly improving the sustainability of the entire value chain.
The ambition that we nurture every day with concrete actions: energy efficiency, responsible use of natural resources (raw materials and water), optimization of logistic flows, proper waste management, and protection of biodiversity.
Prysmian’s climate strategy adopts science-based targets aligned with the Paris Agreement climate objectives. In particular, the Science-Based Targets initiative (SBTi) defines the requirements for an effective Net-Zero strategy:
- reduction of Scope 1, 2 and 3 emissions to zero, or at least to a residual level consistent with achieving the global or sector targets set in line with the Paris Agreement;
- neutralization of any residual and greenhouse gas (GHG) emissions released into the atmosphere.
As part of this initiative, Prysmian has taken the following actions:
- definition of a short-term emissions-reduction target;
- definition of a long-term emissions-reduction target;
- launch of projects for the neutralisation of residual emissions.
Our Social Ambition concentrates on new 2030 commitments to improve our performance in diversity, equality and inclusion (DE&I), digital inclusion, the empowerment of communities, employee engagement and upskilling. By adopting a pro-active approach, the Group is evolving into an organization that recognizes diversity, inclusion and gender equality at all levels, committed to facilitating the empowerment of women.
United Nations Global Compact statement
Prysmian Group adheres to the UN Global Compact, the principles and spirit of which are reflected in the culture, values and practices of the group. Environmental, Social and Governance (ESG) values are deeply embedded in the Groups DNA, inspiring its strategic priorities and influencing day-by-day behaviours.
2023 Sustainability Report
The annual report in the “integrated” form as a tool for integrated reporting of financial and non-financial data represents Prysmian's daily commitment to integrating sustainability within its business strategies and its role as an enabler of the energy transition and digitalization process.
In an integrated manner, the Report explains Prysmian's ability to create both financial and non-financial value over time, in the context and markets in which it operates.
In addition to the Integrated Annual Report, Prysmian produces the Sustainability Report that focuses on the Group's ESG performance, its ongoing and growing commitment to innovation and on the extraordinary projects involving it in every corner of the world.