Prysmian Group - Sustainability Report 2022

Message from the Chair of the Sustainability Committee

In the journey towards sustainability, 2022 was a key

year for Prysmian Group.
Prysmian, supported by its Board, implemented
tangible measures to consolidate the initiatives
already launched with the aim of achieving challenging
climate and social objectives, so as to accelerate the
transition towards a business model with a lower
environmental impact and a fairer and more inclusive
work environment.

The Board of Directors gives top priority to

strengthening the positive impact made by Prysmian
on the environment, on the quality of people’s lives
and on the communities in which it operates.

The Group’s climate change commitment, already

formalised in 2021 with the definition of the “Climate
Change Ambition” and membership of the Science-
Based Target initiative (SBTi) — both strongly
encouraged by the Board — continued in 2022, with a
targeted 90% reduction in emissions throughout the
entire Prysmian value chain and with the revision of
the Scope 3 emission reduction targets for 2030, from
-21% to -28%.

The Group’s decarbonisation responsibility is confirmed

by the progress made on product innovation, thanks
also to the continuous dialogue with our customers
that enables us to understand their needs and support
the process of decarbonising their industrial activities.
The final results for 2022 are further confirmation of
this responsibility and of the Group’s strong climate
change commitment.
In 2022, the Group further strengthened its efforts
in the environmental sustainability area. This also
reflected in a greater focus on the circular economy,
and particularly on raw material management, with a
view to, on one hand, purchasing recycled materials
and, on the other, extending their life within the
production cycle.
These environmental objectives must necessarily
be consistent with the Group’s social ambition;
indeed, this link is a fundamental part of Prysmian’s
sustainability strategy, which — as members of the
Sustainability Committee — we strongly support.
The commitment made by the Group in 2021 upon
the definition of the “Social Ambition” has led to
further enhancing inclusion at all levels, our focus
on gender equity and diversity, workplace safety and
the commitment made to employee training and
development.
With the aim of tracing a sound and transparent path
towards sustainability for all stakeholders, Prysmian
Group has updated its Sustainability Scorecard with
new and specific three-year targets for 2023-2025.
The progress made will be monitored constantly, with
support from the Board.
The new Scorecard is focused on measuring the
impacts of the Group’s activities on the environment,
the economy and people, by applying specific “Impact
KPIs”. These KPIs were defined to provide stakeholders
with a tangible measure of the impact of the
improvements made by the Company, including how
they benefit the entire ecosystem and the business in
which it operates.
The process of embedding sustainability into the
Group’s processes and activities is also confirmed by
the new integrated annual report — published for
the first time this year—, which aims to strengthen