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2014 Sustainability Report
Prysmian Group
LETTER TO STAKEHOLDERS
The Prysmian Group confirmed its commitment to sustain-
ability during 2014 by renewing investment in the search
for sustainable products, strengthening the process for
developing its human resources and participating actively in
projects and initiatives carried out in the public interest, as
well as by reducing where possible the environmental impact
of its products and production activities. Various initiatives
commenced during the year, representing important mile-
stones in the Group’s pursuit of sustainability and seeking to
generate short andmedium-termbenefits for all stakeholders.
These efforts were accompanied by work to spread a culture of
sustainability throughout the organisation and by ever more
complete and effective
reporting
, with an increase in the
breadth and depth of the economic, social and environmental
matters addressed. In particular, this Sustainability Report
applies the new «Sustainability Reporting Guidelines G4»
defined in 2013 by the GRI – Global Reporting Initiative, which
place greater emphasis on the matters considered important
for the Group and its stakeholders. In addition, with a view to
guaranteeing the reliability of the information contained in
this Report, Deloitte was appointed once again to check the
details provided and release an Auditors’ Report.
The sustainability strategy adopted by the Group focuses
on such key topics as sustainable, technological innovation
in the solutions offered, the environmental responsibility
of production processes, the management of relations with
the local communities in which the Group operates, safety at
work and the development of personnel.
With regard to the
economic and financial responsibilities
of the Group, relations with the financial market were
particularly intense during 2014, involving more than 400
meetings with institutional investors, whether in the form of
conference calls or one-to-one or group sessions. In addition,
following the success achieved at international level last
year, Prysmian has repeated the YES (Your Employee Shares)
programme. This scheme enables employees to acquire
shares on discounted terms, with a view to enhancing their
loyalty, engagement, sense of belonging and understanding
of the business, thus strengthening the internal perception
of the Prysmian Group as “One Company”.
With regard to our
products
, Prysmian has progressed many
significant, innovative projects in the Energy Products and
Energy Projects segments, as well as in the Telecom segment.
As an example regarding the terrestrial transmission and
distribution of energy using ultra-high voltage cables, devel-
opment of the prototype 400 kV copper cable - the Group’s
largest ever - was completed during the year. In addition,
Prysmian has made significant strides in the development
of P-Laser technology, being the first high performance, eco-
sustainable cable for electrical circuits to use recyclable raw
materials.
Turning to the production of optical fibre and cables for the
Telecom segment, Prysmian has developed more than 20
drop cables, in addition to new processes for the manufacture
of optical fibre that make best use of all the technologies
available to the Group.
Aware of the effect that our
suppliers
and their activities
have on the environment and on the company, the Group
has decided to adopt a Code of Business Conduct. This will
spread responsible business practices by defining principles
of economic, environmental and social responsibility to be
applied throughout the entire value chain.