12/6/21 – The Prysmian Group announced that it ranks first with 87 points in the ELQ Electrical Components & Equipments on the Dow Jones Sustainability World index, according to the result of the 2021 annual review conducted by S&P Global CSA.
A press release said that Prysmian is the only pure cable maker included in the sustainability index at global level that covers more than 5,300 companies. “Prysmian Group CEO Valerio Battista said that the designation “recognizes our commitment in constantly improve the sustainability of our operations, supply chain and organization. Sustainability is also integrated as a fundamental part of our business growth strategy. We are strongly committed to support the transition to renewable energy resources as well as to a digitalized and decarbonized world, by making available the most advanced cables and optical fiber technology for power grids and telecom networks.”
Prysmian achieved the best results (100 points) in the following categories: Innovation Management, Environmental Reporting, Social Reporting, Talent Attraction & Retention, Materiality, Risk & Crisis Management and Occupational Health & Safety. Prysmian Group’s targets for reducing emissions was also approved recently by the Science Based Targets initiative (SBTi).
The company also reported that it has become the first company in the cables sector to join the Responsible Mica Initiative (RMI), a non-profit coalition working to eliminate child labor and poor working conditions in mica supply chains.
A press release said that joining RMI is part of Prysmian’s Social Ambition targets and its commitment to improving the lives of people in the communities and local areas where it operates. “Prysmian Group uses a limited amount of mica in its products, in relation to the sector in which we operate,” said Prysmian Group Chief Operating Officer Massimo Battaini. “Our membership in the Responsible Mica Initiative is a step forward in ensuring the sustainability of our supply chain.”