Climate and
Social Ambition
Climate Ambition
Prysmian’s climate strategy adopts science-based targets aligned with the Paris Agreement climate ambition. In particular, the Science-Based Targets initiative (SBTi) defines the requirements for an effective Net-Zero strategy:
- drastic reduction of Scope 1, 2 and 3 gross GHG emissions to a residual level consistent with limiting the average global temperature increase to 1.5°C;
- permanent removal of residual emissions with nature-based or technology-based solutions.
Our goals
1. Short-term targets
Prysmian commits to reducing absolute Scope 1 and 2 GHG emissions by 60% by fiscal year 2030 compared to the 2019 base year and to reducing absolute Scope 3 GHG emissions by 65% within the same period of time. The Scope 3 reduction has been updated from what was published in the 2024 Integrated Annual Report following SBTi validation, received after the Report's publication, which includes: the restatement of the 2019 baseline with the inclusion of Encore Wire and the update of the emission factors of the power grids.
2. Long-term targets
Prysmian is committed to reducing absolute Scope 1, 2 and 3 GHG emissions by 90% by 2035, using 2019 as the base year, and to maintaining this reduction to and beyond 2050.
3. Net-Zero overall goal
Prysmian is committed to achieving net zero greenhouse gas emissions throughout the value chain by 2035. Achieving the Net Zero target by 2035 is subject to exogenous factors such as, for example, the decarbonization of the power grids on which we install our products and solutions.
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
Bring the accident frequency index to zero for employees and self-employed professionals and keep it at that level
50%
Reach gender equality in white-collar work force recruitment
30%
Women in senior leadership positions
25%
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
>50%
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%
