Prysmian accelerates sustainability targets. Green energy to 110 million households by 2025 – Corriere.it

Enabling access to green electricity for 110 million households and access to fast digital connectivity for another 15 million, as well as achieving increasingly challenging environmental and gender equality goals in advance. These are some of the points of Prysmian’s 2023-2025 Sustainability Plan, presented on Wednesday 28 June at the Bicocca headquarters.

Today in Prysmian all production processes take place with a view to sustainability, he declared Maria Cristina Bifulco – Chief Sustainability Officer and Group IR VP of the company. The Group’s commitment is no longer focused only on its own operations, but on the entire value chain; we work to anticipate customer needs by strengthening engagement with suppliers and focusing on continuous innovation, leveraging our technological and industrial leadership to amplify the positive impact that Prysmian can generate for the community.
The group also plans to cover a 57% share of its revenues with sustainable products in the EU and 19% in the rest of the world. To do this, it will increase the content of recycled material on polyethylene and copper sheaths by 15/16%, improve the gender balance to reach a share of between 47 and 49% of women employed in 2025, to rise to 50% in 2030 2022 — he commented Massimo Battaini, the current chief operating officer—, it represented a fundamental year in the group’s sustainability path, with exceptional results.
As for the environmental impact the company aims to reduce Scope 1 and 2 emissions by 47% and Scope 3 emissions by 28% by 2030compared to 2019, and to achieve the 90% reduction target of Scope 1 and 2 emissions by 2035 and Scope 3 by 2050. We are already ahead on the path, last year we achieved a -25% decarbonisation compared to scopes 1 and 2. The targets have been approved by the Science Based Target initiative (SBTi) and will be pursued with the same rigor as the financial targets.

We are aware – underlined Battaini – that the world is moving towards a direct convergence between clean energy and digital infrastructures and that we operate in a business that goes exactly in this direction. Hence the role he wants to play Prysmian that of technological facilitator in the energy and digital transition processes, responding to the global challenges of the coming decades through a development model based on innovation, decarbonization and customer service. Innovation, research and development capacity are Prysmian’s words for maintaining its position as market leader. We are leaders and we want to stay that way, if the market doubles we double: we are moving from a level that was historically 250 million capex per year, dedicated to all company growth activity, to 500 million this year, and this will be necessary for the next four or five years at least, if not further, to follow the incremental market demand added Battaini, who is preparing to take over the leadership of the group in 2024. He will bring a guarantee of continuity – he said in this regard – because I have been here for 21 years, since we were Pirelli Cavi, but it will also bring the necessary discontinuity, because the market has changed and our strategy has already adapted and will have to adapt further.