Prysmian Group

RATING

SECTOR

Manufacturing, Technology

WEBSITE

CONTACT

Prysmian Group North American Headquarters

 

4 Tesseneer Drive Highland Heights

KY 41076

United States

STOCK EXCHANGE

LISTING

  • Dow Jones Sustainability Index (84/100)
  • FTSE4Good Index (3.9)
  • Bloomberg ESG Disclosure Scores (40.9/100)
  • Carbon Disclosure Project (B)
  • EcoVadis Index [73/100 (Gold)]
  • STOXX ESG Index
  • Standard Ethics Italian Index (EE+)

EMPLOYEES

30,000

CHIEF SUSTAINABILITY OFFICER

Antonio Traversi

AWARDS

N/A

CONTENT SOURCE

FURTHER READING

NA

Prysmian Group

SECTIONS :  Sustainability    Evaluation  •  Progress  •  Watch  •  Overview

Company Activity

Prysmian Group is the worldwide leader in energy cables, telecom cables and the systems industry. With almost 140 years of experience, sales of over €11 billion, about 30,000 employees in over 50 countries and 112 plants, Prysmian Group is strongly positioned in high-tech markets and offers the widest possible range of products, services, technologies and know-how.

It operates in the businesses of underground and submarine cables and systems for power transmission and distribution, of special cables for applications in many different industries and of medium and low voltage cables for the construction and infrastructure sectors. For the telecommunications industry, the Group manufactures cables and accessories for voice, video and data transmission, offering a comprehensive range of optical fibres, optical and copper cables and connectivity systems.

Prysmian Group has a multi-brand architecture made of three levels. The first level is a strong Corporate Brand, Prysmian Group, which stands for the whole organization. It is the umbrella brand under which all the initiatives regarding the Group worldwide are carried out. The second level is represented by the three well-known Commercial Brands: Prysmian, Draka and General Cable. The third level encompasses the wide range of product brands that serve all the markets and applications in which the Group operates.

BUSINESSES:

POWER GRIDS – HV & Submarine / Transmission / Distribution / Offshore Wind Farms / Power From Shore / Asset Monitoring Systems / Network Components / Installation capabilities.

OIL & GAS – Exploration & Production / Pipelines & LNG / Refineries & Petrochemical / Services.

CONSTRUCTION & INFRASTRUCTURE – Power & Control / Multimedia / Railways.

TRANSPORTATION & MOBILITY – Elevator / Aerospace / Automotive / Trains & Trams / Marine.

TELECOMS – Optical Fibre / Telecom Networks / Multimedia & Enterprise / Networks / Submarine Telecom.

SERVICES – Partial Discharge / Measurements with PRY-CAM / PFT Solutions / Submarine Cable Solutions.

INDUSTRIES – Military & Defense / Mining / Crane / Nuclear Plants / Solar & Photovoltaics / Wind Turbines / Other Plants / Other Industries.

OVERHEAD.

Company Sustainable Activity

The Prysmian Group recognises the responsibility deriving from their industry leadership role in facilitating the energy and digital transition to a new development model focused on renewable energy and decarbonisation.

The long-term strategy translates into a search for stable equilibrium, balancing the adoption of innovative and efficient processes [organisation], the responsible management of performance throughout the entire value chain [operations], the safeguarding of personnel and the recognition of talent [people].

The objectives of the Prysmian Group include designing the advanced infrastructure for the transmission and distribution of energy and data needed for the development of economies, and well as for growth and progress in developing countries.

The sustainability strategy adopted by Prysmian has identified three strategic priorities with three strategic pillars:

Sustainable and Innovative Solutions for the Business:

  • Develop innovative products and solutions that support improvement of the sustainability of telecommunication and energy infrastructures.
  • Boost the sale of high quality, reliable and green products and services.
  • Contribute to the universal dissemination of energy and telecommunications via reliable and accessible infrastructure.
  • Facilitate access to clean energy, via the development of solutions for the producers of renewable energy and support for the research into sustainable technologies.

Responsible Use of Energy and Natural Resources:

    • Pursue the efficient and sustainable use of energy and natural resources by reducing consumption and greenhouse gas emissions, while minimising the generation of waste and promoting the recycling and reuse of materials.
    • Promote sustainable business practices between our suppliers and business partners.

Development of People and Communities:

    • Participate in and contribute to the socio-economic development of the communities in which the Group operates, via the adoption of an appropriate Corporate Citizenship and Philanthropy policy.
    • Promote ethical conduct and the training and professional growth of personnel, protect diversity and the rights of workers and develop a healthy workplace environment.
    • Develop effective, transparent and responsible communications with stakeholders.

The three pillars comprise 14 objectives to be reached by 2022, translating the strategic direction into concrete and measurable actions.

Certificates

  • ISO 14001 (83% Plants Certified)
  • OHSAS 18001/ISO 45001 Standards (71% Plants Certified)

Sustainable Development Goals

How company covers SDGs

The Prysmian Group has identified 13 SDGs with a direct business impact, 5 of which are considered to be the most important: Industry, innovation and infrastructure (SDG 9), Sustainable cities and communities (SDG 11), Affordable and clean energy (SDG 7), Responsible consumption and production (SDG 12) and Gender equality (SDG 5).

The Prysmian Group has implemented concrete actions designed to achieve the sustainability objectives identified in the scorecard. The main actions include:

SDG 5 Gender Equality – “ACHIEVE GENDER EQUALITY AND EMPOWER ALL WOMEN AND GIRLS. Increase the percentage of women in executive positions via the adoption of specific “diversity and inclusion” programmes, and the mentoring of female talents”.

SDG 7 Affordable and Clean Energy “ENSURE ACCESS TO AFFORDABLE, RELIABLE, SUSTAINABLE AND MODERN ENERGY FOR ALL. Develop innovative solutions that contribute actively to the transition towards the use of renewable sources and the digitalisation of networks”.

SDG 11 Sustainable Cities and Communities – “MAKE CITIES AND HUMAN SETTLEMENTS INCLUSIVE, SAFE, RESILIENT AND SUSTAINABLE. Increase the percentage of cables covered by the carbon footprint calculation”.

SDG 12 Responsible Consumption and Production – “ENSURE SUSTAINABLE CONSUMPTION AND PRODUCTION PATTERNS. Increase third-party audits in specific areas, such as governance, the environment and human resources”.

SDG 13 Climate Action – “TAKE URGENT ACTION TO COMBAT CLIMATE CHANGE AND ITS IMPACTS, REGULATING EMISSIONS AND PROMOTING THE DEVELOPMENT OF RENEWABLE ENERGY. Increase the number of plants with environmental, health and safety management certification. Investments and other initiatives designed to reduce GHG emissions”.

Progress

The Prysmian Group has a Sustainability Scorecard comprising 14 challenging targets to be met by 2022. The entire process is monitored by the Sustainability Steering Committee, which is chaired by the Chief Operating Officer of the Group.

SDG

KPI

Baseline 2019

Target 2022

SDG 3: Good Health and Wellbeing

Frequency rate (IF)

IF: 1.30

IF: 1.2

 

Severity rate (IG)

IG: 41.54

IG: 41

SDG 5 Gender Equality

Percentage of women executives

12%

14% to 18%

 

Percentage of white collar women with permanent contracts 

33%

40%

SDG 7 Affordable and Clean Energy

Percentage of annual revenues from low carbon enabling products

48%

48% to 50%

SDG 8 Decent Work and Economic Growth

Employee Engagement Index (EI) 

EI: 65%

EI: 67% to 70%

 

Leadership Impact Index (LI)

LI: 57%

LI: 59% to 65%

 

Average hours of training per employee each year

26 hours

30 hours

SDG 11 Sustainable Cities and Communities

Percentage of product families covered by the carbon footprint measurement

70%

85%

SDG 12 Responsible Consumption and Production

Percentage of waste recycled

63%

64% to 66%

 

Percentage of drums (tonnes) reused during the year

28%

Maintain

 

Number of sustainability audits carried out based on risks in the supply chain

15

30

 

Percentage of cables assessed using Ecolabel criteria developed internally by Prysmian

0%

20%

SDG 13 Climate Action

Percentage reduction in the emissions of greenhouse gases (Scope 1 and 2)

889 ktCO2

-2% to -3%

 

Percentage reduction in energy consumption

9,845 TJ

-3%

 

Percentage of plants certified ISO 14001

83%

95%

The Prysmian Group is a leader in sustainability initiatives. It has received most recognised awards like DJSI, FTSE4GOOD, CDP, and various other awards and ratings that validate their leadership. The Prysmian Group has a clear track of their sustainability activities, emissions, energy consumption. They have clear numerical goals and time to achieve them. Therefore, based on their sustainable actions and their ratings, the Prysmian Group is given a B Rating.

Videos

Share this Post