Sustainability indices

Sustainability indices

Meeting the expectations of customers and the community

As part of Prysmian’s ongoing dedication to sustainable business practices, we monitor all the most important sustainability indices and ratings. We maintain a particular focus on the following, which are most relevant to our business.

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Improving business sustainability

In recognition of our commitment to Corporate Social Responsibility, we have improved our ranking in several international sustainability indices.

In 2016, we achieved fourth place in the ‘Electrical Components and Equipment’ section of Swiss sustainability rating agency RobecoSAM’s review. This is included in the Dow Jones Sustainability Index (DJSI), one of the most prestigious world sustainability indices.

The Italian edition of the CDP Climate Change Report 2016 has included us in the elite tier of companies that have publicly reported their environmental information as part of the Climate Change programme. We were rated B (on a scale of eight grades from A to D) in the Industrials sector, which will serve as the baseline against which CDP will assess improvement in reducing greenhouse gas emissions, in line with the Paris COP21 goals.

We were also recently included in two other sustainability indices. The STOXX® Global ESG Leaders Index, created by STOXX Limited, a global index provider, that identifies leading global firms with commendable environmental, social and governance (ESG) KPIs; and Carbon Clean 200, a report that evaluates the world’s largest public companies on the basis of their green energy revenues. Prysmian is the only Italian company in the ranking, placing 49th out of the 200 companies included.

In 2015, Prysmian Group was included in the prestigious FTSE4Good Global Index, consisting of companies that stand out for the ethical, transparent and sustainable management of their activities.

These improvements in rankings are attributable to a number of our ESG initiatives, amongst others: vesting the Board of Directors’ Compensation and Nomination Committee with the task of overseeing sustainability issues; adopting inclusion and diversity policies; implementing a Code of Business Conduct designed to disseminate responsible business practices along the supply chain; reducing emissions of ozone-depleting substances; extending the KPIs adopted in our Sustainability Report, drawn up according to the G4 guidelines of the Global Reporting Initiative.

Our commitment to sustainable innovation in all business segments is one of our key strengths. We have recently expanded our sustainable Afumex Green cable line, made of a material developed from sugar cane, and completed the development and testing of the new P-Laser 600 kV cable system, which ensures greater environmental sustainability, superior electrical performance and reduced network-management costs compared to traditional technologies.

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The DJSI is based on an analysis of corporate economics, environmental and social performance, and assesses issues such as: corporate governance, risk management, branding, climate change mitigation, supply chain standard and labor practices. It includes both general and sector specific sustainability criteria.

CDP is amongst the internationally most recognized not-for-profit organization for the assessment of transparency in the disclosure of climate change, GHGs and water resources management related information.

The Standard Ethics Italian Index is an open-free stock market index on Corporate Governance and sustainability and was launched in 2014 by the independent rating agency Standard Ethics.

The FTSE4Good Index is a series of ethical investment stock market indices launched in 2001 by the FTSE Group which are designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. Research for the indices is supported by the Ethical Investment Research Services (EIRIS).

Bloomberg collects Environmental, Social and Governance data from published company material. Bloomberg ESG Disclosure Scores rate companies based on their disclosure of ESG data. Score is given in relation to the industrial sector in which the company operates.

EcoVadis is a platform where companies can register in order to answer a CSR survey and be evaluated as a supplier. The survey is customized for the business sector, size and location. The EcoVadis methodology covers 21 criteria across four themes of Environment, Fair labor practices, ethics/fair business practices, and supplay chian. The methodology is built on international CSR standards.