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Insight Prysmian Magazine

Making Prysmian Group more sustainable with a new “green” policy for corporate cars

Starting from January 2021, all Prysmian Group’s new company cars in Italy will be exclusively plug-in hybrid models, full electric or LPG, reducing the C02 emissions of our fleet as part of our goal to become carbon neutral. The programme will be rolled out to all regions where the Group operates.

The “green” corporate car policy is one of the actions Prysmian Group is taking to meet its 2022 sustainability goals: to cut its own CO2 emissions by 2-3%; to recycle as much as two thirds of its own waste; and to reuse 27% of its own drums. Starting in 2020 for the next three years, Prysmian will invest around €450 million to further improve the sustainability of its organization and supply chain, and to accelerate the development of advanced cable technologies as well as assets and services. Reducing its energy consumption is key in Prysmian Group’s efforts to achieving these targets. Prysmian Group is working with Carbon Trust to set science-based carbon reduction targets, for both our own organization (Scope 1&2) and our supply chain (Scope 3).

“We are accelerating our commitment to de-carbonisation, taking steps at our plants and our headquarters to reach net zero carbon emissions,” said Andrea Pirondini, Chief Operating Officer. “Our new car policy is another step on this journey, as we are continuously improving the sustainability of our headquarters, which is already equipped with charging stations for hybrid and electric cars.”

Andrea Pirondini

Chief Operating Officer

Prysmian HQ in Milan, a state-of-the-art Leed Platinum Certified building, paperless and plastic-free, keep leading with examples on the ‘green’ journey and being the Group sustainability flagship.

Prysmian aims in 2022 to have 50% of sales coming from what we consider “low-carbon products,” including high voltage energy and submarine cables. We aim to increase this share and are spending over three quarters of our R&D budget in this area.

Prysmian Group’s commitment to achieving important, ambitious sustainability goals was recognized by its steady improvement in four major international indices in 2020. Our FTSE4Good score rose to 4.0/5 from 3.9/5 in 2019. Eco Vadis increased our 2020 score to 76/100 (Platinum) from 73/100 (Gold) in 2019. Bloomberg gave us an ESG Disclosure score of 45/100, compared to 40.5/100 in 2019.And for the Dow Jones Sustainability World Index, we rose to 86 points from 84 points in the ELQ Electrical Components & Equipment sector. Prysmian is the only pure cable maker included in the most-recognized sustainability index at global level, covering over 3,400 companies.