Prysmian Group, a giant in the global energy and telecom cables systems industry, confirmed that it has been ranked with an improved score, to 86 points from 84 points in 2019, within the ELQ Electrical Components & Equipments category on the Dow Jones Sustainability World Index, according to the result of the 2020 annual review conducted by S&P Global CSA.
Prysmian notes that it is the only "pure cable maker" included in this most recognized sustainability index at the global level, covering over 3,400 companies.
"We are very proud of this important achievement as it recognizes our commitment to constantly improve the sustainability of our operations, supply chain and organization," said Valerio Battista CEO of Prysmian Group. "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 reports it achieved the best results in Innovation Management, where last year's index score was maintained, as well as in Environmental Reporting, Social Reporting and Talent Attraction & Retention, where the score was improved.
"At Prysmian Group, we strongly believe that sustainability and innovation are linked together," added Battista. "We have embarked on a comprehensive innovation effort, including [areas such as] product carbon footprint, circular economy, and low carbon product innovations for energy transition and digitalization."
Such innovations include the company's P-Laser, billed as the first totally recyclable cable, ensuring higher and more reliable performances, which can also contribute to the development of more performing and sustainable power grids. Prysmian notes its P-Laser HVDC cable technology was chosen for the development of German Corridors, a milestone in energy transition projects.
Prysmian is also committed to sustainable innovation in the field of the optical fiber and cable for telecom networks, as demonstrated with the recent launch of a pilot project with the Dutch telecom operator KPN involving a fiber-optic network containing 90% recycled plastic.
On November 24, Prysmian will hold its "Sustainability Day" and three interactive online workshops in a new, all-digital format for its annual Stakeholder Engagement event, an important effort in shaping priorities for the company's sustainability strategy.
"Sustainability goals are achieved by working with our partners. Stakeholder engagement is a key part of Prysmian Group's sustainability strategy," concludes Battista
In 2020 Prysmian Group joined the international business community in the "50 Sustainability and Climate Leaders" ranking, a forum where companies share their ideas and experiences in responding to climate change, hosted on the Bloomberg website and 50 climate leaders hub.