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ESG

Performance

The primary ESG performance data that Prysmian reached in 2023 are shown below, organized according to the structure of the Consolidated Non-Financial Statement (NFS) and of the Sustainability Report. The data are preceded by the list of topics covered, the associated Sustainable Development Goals (SDGs) of the United Nations and Prysmian’s strategic sustainability goals, with precise indication of the state of progress toward reaching the set target.

Governance: Ethics and integrity

A successful company cannot be built without a solid foundation of ethical and moral principles. That is why Prysmian works every day to ensure responsible conduct throughout the entire value chain. This approach particularly takes the form of strict observance of the regulations the Group must comply with, including tax regulations, whose fulfilment is managed transparently, fairly and truthfully. This involves total observance of tax obligations, without attempts to minimize or dodge.

Topics

SDG's

Goals: 2023-2025 Prysmian Scorecard

Category KPI Material topic and related impact Baseline
2022
Baseline
2023
Target
2025
Sound governance Percentage of employee shareholders1 Well-being, engagement and improvement of human capital skills | Engagement: adoption of people-oriented policies to meet people's needs and demands 37% 46% 44%/45%
Percentage of completion of e-training on ethics and integrity issues2 Well-being, engagement and improvement of human capital skills | Upskilling: reinforcement and improvement of personnel skills and talent development 75% 89.3% 90%
1 Number of employees with Prysmian shares deposited in company administrative accounts through GROW, YES and BE IN plans as at 31 December, divided by the total number of employees eligible to participate in at least one of the plans.

2 It includes e-learning conducted through the Group's business management system and is for all desk workers (excluding business partners, consultants, contractors, employees on leave of 30 days or more and temporary trainees). It is subject to annual approval of the compliance plan by the Board of Directors; topics may include one or more of the following: code of ethics, anti-corruption, gifts, conflicts of interest, Helpline or business policy.

2023 Performance

Ethics and integrity

Communication of anti-corruption policies and procedures of the organization Number Percentage of total
Members of the Prysmian S.p.A. BoD 12 100%
Employees 8,504 -
of which white collar 8,226 100%
of which external/sales agents 278 100%
Business Partners 4,350 -

Tax reporting, country by country (€ million)

Revenue from related parties Revenue from unrelated parties Total revenues Profit/(loss) before taxes Corporate income tax paid Corporate income tax accrued Number of employees (FTE) Property, plant and equipment Employee remuneration
North America 1,056 4,905 5,961 612 227 164 7,146 1,556 548
Canada 425 502 927 62 26 19 682 127 53
United States 631 9,403 5,034 201 195 19 6,464 1,429 496
LATAM 409 1,853 2,262 125 24 55 3,275 509 125
Brasil 140 618 758 22 2 13 1,673 242 55
Other 269 1,235 1,504 103 22 42 1,602 267 70
EMEA 5,988 9,090 15,078 187 67 65 16,761 3,392 996
France 620 878 1,499 -11 1 2 2,570 542 176
Germany 219 868 1,087 -21 1 - 1,446 228 129
Italy 3,051 388 3,439 12 1 4 766 149 43
Netherlands 103 499 602 40 1 1 706 169 57
Spain 374 781 1,155 26 4 2 1,198 244 74
United Kingdom 62 556 617 30 5 5 1,046 160 67
Other 1,559 5,12 6,679 111 54 51 9,029 1,9 449
APAC 365 1,097 1,463 21 11 15 2,903 312 98
China 239 411 650 30 5 8 1,608 138 40
Other 126 686 813 -9 6 7 1,295 174 58
Total 7,818 16,945 24,764 944 329 299 30,085 5,769 1,767

Comprehensive tax contribution

Distribution of the comprehensive tax contribution

Cybersecurity

Description Unit of measurement 2023 2022
Information Security training courses Number 27 18
Average time for high-risk vulnerability resolution Weeks 15 15
Log sources integrated with SIEM solution Percentage 89 89
Security incidents Number 1,199 707
Cyber-attacks on total security incidents Percentage 1 3
Average time for forensic activities after an incident Hours 4 4

Environmental Responsibility

Prysmian's ambition is to be the global benchmark in sustainability. This ambition is brought to life through the ongoing Group’s investments to improve its environmental performance, maximize the positive impacts and mitigate any negative impacts generated across the entire value chain.

Topics

SDG's

Goals: 2023-2025 Prysmian Scorecard

Category KPI Material topic and related impact Baseline
2022
Baseline
2023
Target
2025
Climate Percentage reduction in GHG emissions (Scope 1 and 2 Market-Based) vs baseline 20191 Facilitating decarbonization to reach Net-Zero and digitalization | Contribution to Scope 1 and 2 greenhouse gas (GHG) emissions as a result of direct activities -28% -33% -38%/-40%
Percentage reduction in Scope 3 emissions vs Baseline 20192 Facilitating decarbonization to achieve Net-Zero and digitalization | Contribution to Scope 3 greenhouse gas (GHG) emissions as a result of indirect activities -7.50% -10% -11.5%/-15%
1 Reduction in CO2 emissions (Scope 1 and 2) compared to 2019, according to SBTi methodology. Scope 2 is calculated using the Market-based method.

2 Reduction in CO2 emissions from the entire value chain (Scope 3) compared to 2019, according to the SBTi methodology. In 2023, during the long-term target approval process, Prysmian – at SBTi's request – also recalculated some Scope 3 categories using updated emission factors. Therefore, the value of Scope 3 for 2022 has been revised from what was published in 2022 Report.

2023 Performance

Environmental Investments (€ K)

Energy consumed (GJ) (*)

2023 2022
Electricity from renewable sources 1,948,875 1,921,399
Electricity from non renewable sources 4,193,696 4,112,089
Natural gas 2,277,375 2,747,360
LPG 127,805 135,365
Petrol 7,561 7,424
Diesel 908,062 896,985
Fuel oil 17,380 5,571
Steam (purchased, not produced internally) 5,616 9,791
Heat from district heating produced from renewable sources 20,318 -
Steam (purchased from distribution networks) 123,539 135,931
Chilled water - -
Biogas/biofuel/biomass purchased 877 -
Total 9,631,104 9,971,915
(*) The term “Energy Consumed” means the number of Gigajoules (GJ) of energy consumed within the organization. This comprises energy purchased from sources outside the organization (e.g. electricity, heating, cooling and steam purchased for consumption) or generated by the latter (e.g. fuel used in self-generation activities). The 2022 and 2023 figures contain estimates for the Chiplun site only, since Sohar reported normally. The figures include consumption by the fleet, which were previously reported separately.

Emissions of tCO₂ (*)

2023 2022
Scope 1 (1) Direct emissions from combustion (**) 205,762 232,178
  Emissions from refrigerant gas leaks 5,177 3,696
  Emissions from SF6 gas leaks 15,192 61,852
  Total Scope 1 226,131 297,725
Scope 2 (2) Location-based 474,715 501,745
  Market-based 38,928 367,379
Total Scope 1 and Scope 2 (Location-based) (3) 700,846 799,470
  Scope 1 amd Scope 2 (Market-based) (4) 616,059 665,104
Scope 3 (5)   267,433,725 274,685
Total Scope 1 Scope 2 and Scope 3 268,049,784 275,608,789
(*) 2022 and 2023 GHG emissions were estimated only for Chiplun. The amounts reported in the Group Scorecard do not contain these estimated values.

(**) Direct emissions from combustion include emissions from the fleet already separately disclosed in previous non-financial statements. In 2023, the direct emissions from combustion totaled 147,820 tons of CO2, which corresponds to 65% of the Group’s Scope 1 amounting to 226,131 tons of CO2). 2).

(1) Scope 1 emissions comprise the direct emissions of the organization, being those generated from resources under its direct control. Reported Scope 1 emissions refer to combustion processes (natural gas, LPG, petrol, diesel, fuel oil, marine diesel), refrigerant gas leaks (emissions from refrigerant gas leaks currently consist of releases of Chlorofluorocarbons – CFCs – and Hydrochlorofluorocarbons – HCFCs – from air conditioning systems), and SF6 gas leaks.

(2) Scope 2 Emissions comprise the indirect emissions of the organization, being those deriving from its direct consumption excluding generation activities. These include: purchased electricity, district heating and steam.

(3) Scope 2 Emissions - Location-based method quantifies these emissions with reference to average Scope 2 CO2 emission factors for the energy generated within well-defined (e.g. local, sub-national or national) geographical boundaries.

(4) Scope 2 Emissions - Market-based method quantifies these Scope 2 CO2 emissions with reference to the CO2 emissions of the energy suppliers from which the reporting company purchases, under contract, an electricity package. Markets differ on the contracts available for the purchase of energy or on the claim of specific attributes, but may include: energy guarantees of origin and direct contracts with suppliers (RECs, GOs, I-REC, etc.); supplier-specific emission factors; default emission factors that represent uncontrolled or unclaimed energy and emissions (defined as “residual mix”); average regional, sub-national or national emission factors.

(5) Scope 3 Emissions comprise the indirect emissions generated by the organization throughout the value chain, via its upstream and downstream processes. These include the emissions deriving from purchased goods and services, the purchase of capital goods, fuel consumption and energy-related activities, upstream transportation and distribution, waste generated by operations, business travel, employee commuting, upstream leased assets, downstream transportation and distribution, use of sold products, end-of-life treatment of sold products, and investments.

Waste by destination (kg)

  2023 2023 % 2022 2022 %
 HAZARDOUS WASTE 12.381.045   14.050.194  
Landfill 1,740,750 14% 2,166,186 15%
Incinerator 2,852,812 23% 2,815,748 20%
Recycled 6,027,126 49% 6,620,003 47%
Other 1,760,357 14% 2,448,257 17%
 NON-HAZARDOUS WASTE 222,782,796   220,355,520  
Landfill 41,793,434 19% 42,373,457 19%
Incinerator 1,030,721 6% 13,104,990 6%
Recycled 162,821,860 73% 159,240,565 72%
Other 5,136,781 2% 5,636,508 3%
 TOTAL 235,163,841   234,405,714  
Landfill 43,534,184 19% 44,539,642 19%
Incinerator /td> 15,883,533 7% 15,920,738 7%
Recycled 168,848,986 72% 165,860,569 71%
Other 6,897,138 3% 8,084,765 3%

Water drawn (m3) by source

 2023 Water stress areas All areas Total
Water from wells 1,497,471 2,430,695 3,928,166
Water from public water main 457,524 2,134,877 2,592,401
Water from other sources – Fresh water - 519,512 519,512
Total 1,954,995 5,085,084 7,040,079
 2022 Water stress areas All areas Total
Water from wells 1,704,920 2,476,684 4,181,604
Water from public water main 474,587 2,387,648 2,862,234
Water from other sources – Fresh water - 717,636 717,636
Total 2,179,507 5,581,968 7,761,474

People, Prysmian's human capital

Prysmian has always invested in its people and in the local communities in which it operates. Because for us, growth means being connected and spreading the culture of sustainability throughout the entire corporate population all over the world.

Topics

SDG's

Goals: 2023-2025 Prysmian Scorecard

Category KPI Material topic and related impact Baseline
2022
Baseline
2023
Target
2025
Diversity and
inclusion
Percentage of women employees hired 1 Equity, diversity, inclusion and respect for human rights | | Promotion of specific programs for a more inclusive and diverse work environment 44.90% 46% 47%/49%
Percentage of women executives 2 Equity, diversity, inclusion and respect for human rights | | Promotion of practices to promote gender balance in Prysmian management and the BoD 15.70% 18.8% 21%/24%
People's
well-being
Safety Assessment Plan3 Well-being, engagement and improvement of human capital skills | Potential accidents, mental and physical illness due to the failure to spread a culture of health and safety in the community in which the Company operates -  3.4 2.75/5
Leadership Impact Index4 Well-being, engagement and improvement of human capital skills | Engagement: adoption of people-oriented policies to meet people's needs and demands 55% 57% 57%/61%
1 Share of women desk workers hired with permanent contract compared to the total employees hired with permanent contract. The index includes all desk workers hired abroad (including global recruiting programs and projects) and all change of contracts from agency/temporary to permanent.

2 Share of women in executive positions (job grade 20 and above) as a percentage of total executive employees. The number of employees is the headcount as at 31 December 2023, including all permanent contract and temporary ones. The KPI shows the ability of the Group to develop internal figures to take on leadership roles, its capability to hire them from the market and its ability to retain those talents.

3 Index relating to the level of maturity in the safety management of the Group's various plants, calculated following an Audit conducted by a specialized third-party company. The index consists of four different categories (governance, employee engagement, risk assessment and injury frequency rate). At the end of the assessment, an overall score is given on a scale of 1 (lowest) to 5 (highest).

4 Index calculated as the percentage of employees who declared a level of engagement with the company of at least 5 out of 7 points in the Speak Up survey conducted by the company. The indices and the survey were developed in collaboration with POLIMI University in order to ensure their quality and anonymity.

Goals: Improvement of gender balance

2023 Goal 2023 2022
Percentage of women of total work force 20.5% 20%-22% 19.2%
Percentage of women hired (*) 46% 46%-49% 44.9%
Percentage of women junior executives 28.7% 28%-30% 26.9%
Percentage of women in middle management positions 25.1% 25%-28% 24.4%
Percentage of women in top management positions 12.5% 12%-14% 7.1%
Percentage of women in all managerial positions 25.8% 25%-28% 24.3%
Percentage of women in managerial positions within revenue-generating functions 18.9% 19%-21% 17.4%
Percentage of women in STEM functions (**) 21.9% 21%-23% 19.7%
(*) Employed women hired on a permanent basis, including changes of contract from fixed-term and agency contracts to open-term contracts.

(**) Percentage calculated only on white collar population.

2023 Performance

Number of employees by geographical area and by contract type

  EMEA APAC North America LATAM Total
Number of employees 16,197 2,832 7,219 3,351 29,599
Number of permanent employees 15,573 2,796 7,198 3,344 28,911
Number of temporary employees 624 36 21 7 688
Number of full-time employees 15,817 2,831 7,213 3,348 29,209
Number of part-time employees 380 1 6 3 390

Number of employees by gender and by contract type

  Male Female Other Total
Number of employees 23,529 6,055 15 29,599
Number of permanent employees 22,972 5,924 15 28,911
Number of temporary employees 557 131 - 688
Number of full-time employees 23,297 5,898 14 29,209
Number of part-time employees 232 157 1 390

Number of employees by geographical area and position

  White Collar Blue Collar Total
EMEA 4,828 11,369 16,197
APAC 855 1,977 2,832
North America 1,625 5,594 7,219
LATAM 918 2,433 3,351
 Total 8,226 21,373 29,599

Percentage of employees by position, gender and age bracket

≤30 30-50 ≥50
  Male Female Other Total Male Female Other Total Male Female Other Total
White Collar 52.2% 47.7% 0.1% 100.0% 64.6% 35.3% 0.1% 100.0% 73.9% 26.0% 0.0% 100.0%
Blue Collar 77.7% 22.3% 0.1% 100.0% 84.7% 15.2% 0.0% 100.0% 88.6% 11.3% 0.0% 100.0%
Total 71.6% 28.3% 0.1% 100.0% 79.0% 20.9% 0.1% 100.0% 84.5% 15.5% 0.0% 100.0%

Hours of training provided by position and gender

Male female Other Total
White Collar 240,725 135,309 95 376,130
Blue Collar 566,641 117,247 705 684,593
Total 807,366 252,556 801 1,060,723

Average hours of training provided by position and gender

Male Female Other Total
White Collar 44 50 17 46
Blue Collar 31 36 85 32
Total 34 42 58 36

Prysmian recognizes the importance of a sustainable value chain in order to maintain competitiveness and resilience. We anticipate our customers’ needs, we strengthen our bonds with suppliers and we aim to create value for them and for all of our stakeholders. This includes the communities in the areas where we operate, which we support through many donations, development initiatives and sponsorships.
Integration between the economic, social and environmental missions is at the foundation of our management model. Innovation is the leverage that makes all of this possible. We work every day for a sustainable future. We are constantly searching for balance between the value shared with consumers, the people who belong to our company and to the social communities in the areas where we operate and the planet.

Topics

SDG's

Goals: 2023-2025 Prysmian Scorecard

Category KPI Material topic and related impact Baseline
2022
Result
2023
Target
2025
Green and Circular Economy Portion of revenues from sustainable products 1 Sustainable innovation and circularity| | Reduction of emissions relating to new products through the development of low-emission products (higher recycled content/recyclable products) and virtuous practices such as Design for Sustainability 30% 37% 40%
Portion of recycled content on PE and copper sheathing2 10% 12.8% 15%/16%
Impact Providing households with access to sustainable electricity 3 Facilitating decarbonization to achieve Net-Zero and digitalization | Facilitating the energy transition and the process of decarbonizing the economy and digitalizing the grid 21m 55m 110m
Providing families with rapid digital access 4 3m 9m 15m
1 Portion of revenues from sustainable products. With the aim of making the Group's approach more organic and due to the progress made in developing sustainable products and solutions in all Regions, the company has decided to eliminate the division between Europe and the rest of the world in the calculation of this KPI, as already shown during the Capital Markets Day held in October 2023.

2 Percentage by weight of recycled content of certain purchased materials. The scope of the indicator includes 1) copper purchased at Group level, excluding occasional suppliers and semi-finished products; 2) polyethylene used for sheathing, excluding those applications for which customers do not allow the use of secondary materials.

3 Estimated households connected to green energy through Prysmian products. It includes installed capacity through photovoltaic panels, onshore and offshore wind turbines, and interconnections intended for renewable energy generation.

4 Estimated connected households with fast digital access (defined as FTTH, FTTB, DOCSIS 3.0) thanks to Prysmian products.

Performance 2023

Percentage of expenditure for goods and services addressed to local suppliers

2023 2022
EMEA 70.8% 69.0%
APAC 86.7% 84.0%
North America 94.0% 100.0%
LATAM 95.7% 95.0%

Number and percentage of suppliers assessed for environmental and social impacts

Number Percentage
Suppliers assessed for environmental impacts 500 -
Suppliers with a current or potential negative environmental impact 97 19.4%
Suppliers assessed for social impacts 500 -
Suppliers with a current or potential negative social impact 98 19.6%

Material used by weight or volume [kTon]

2023 2022
Metals 1,161 1,219
Compounds (*) 348 365
Ingredients 274 288
Chemicals 6 6
Other (yarns, tapes and oils) 27 26
Total 1,816 1,904
(*) Compounds: in the processing of rubber, mixtures of polymers and ingredients (talc, kaolin, carbon, etc.) having various functions (e.g. strengtheners, accelerants, colorants).

Donations - Type of donation

Donations - Type of initiative

Donations - Initiative target area

Innovation - The R&D team

Number
Million euros investments in R&D 128
Number of patents covering the main innovations 5,460
Research centers 26
Product families launched in 2023 258
Collaborations with research centers and universities 50
Professionals 1,000

Number of patents and patent applications

Number of patent families