Climate Change
and Social Ambition
Climate Change Ambition
Prysmian’s climate strategy adopts science-based targets aligned with the Paris Agreement climate objectives. In fact, in 2023 the “Science-Based Targets initiative” (SBTi) approved the objectives of neutralizing emissions along Prysmian’s entire value chain by 2050.
Our goals
1. Overall Net-Zero Target
along Prysmian’s entire value chain by 2050.
2. Short-term targets
-47% Scope 1 and 2 GHG emissions – in absolute terms – by 2030 compared to 2019, -28% Scope 3 emissions – in absolute terms – over the same time span.
3. Long-term targets
Reduction of the Scope 1 and 2 GHG emissions – in absolute terms – by 90% by 2035 compared to 2019; Reduction of the Scope 3 emissions – in absolute terms – by 90% by 2050 compared to 2019.
Based on this commitment and in line with the SBTi-approved net-zero trajectory, Prysmian decided in January 2024 to set a goal of achieving a percentage reduction in Scope 1 and 2 emissions of between -55% and -60% in 2030, as compared to -47% approved by SBTi.
This target represents the Group's further commitment to the process of decarbonizing its operations by implementing internal solutions and processes that further limit its impact on the environment.
How we will achieve it
90% decarbonization of our carbon footprint
Gradual elimination of SF6 gas emissions
Use of 100% renewable energy for electrical consumption
Social Ambition
Our aspiration is to build a more equal, inclusive and innovative world, starting with, but not limited to, our employees. Our Social Ambition mainly concentrates on the commitment to improve:
Health and safety
Gender equality
Racial/ethnic inclusion
Empowerment of the local communities
Digital inclusion
Upskilling and engagement
Our 2030 goals
0 Injuries
Take the injury rate close to 0 for employees and self-employed professionals
50%
Reach gender equality (50%/50%) in white-collar work force recruitment
30%
Reach 30% of women in senior leadership positions
25%
Reach 25% of women within the total workforce
+500
Increase the number of STEM women by over 500 through a fully dedicated STEM program
Zero Pay Gap
Reach the Zero Pay Gap in the white-collar workforce
+30%
Take the percentage of executives of under-represented nationalities/ethnic groups/origins to over 30%
500
Promote local mentoring programs for 500 students belonging to minorities and/or who are in poverty situations
Dedicate at least one project a year to developing countries and vulnerable communities
Support local projects with the donation of optical and electric cables
100%
Connect 100% of employees (over 30,000) through global platforms while ensuring an adequate level of adoption of the tool
40 hours
Provide 40 hours a year of specialized training to all employees
25%
Place over 25% of employees on mobility/professional growth tracks every year
Reach 50% of permanent employee shareholders with share ownership plans (YES)
+80%
Take the Engagement Survey participation rate to over 80%
70%-80%
Increase the Leadership Impact Index to 70-80%
