Axjo case: Prysmian Group
The Prysmian group operates in a crucial industry for the energy transition and the digitalization of modern society. If we want to decarbonize our homes and activities, we need to electrify all that we can, and reach 100% green energy in our grid. Power cables are thus a crucial enabler of decarbonization, as we need more of them to reach the climate and social goals we aspire. A similar pattern occurs also in the telecom business, as digitalization is one of the levers which will enable more social justice and fair access to social and educational resources to everyone. This is the very first reason that Prysmian is keen and committed to sustainable operations and solutions.
Our sustainability journey started some years ago (our first
sustainability report was in 2014) and we are by now fully
integrating sustainability in our company strategy and way of doing
business. This means we are active on several areas, so to have an
holistic approach to Sustainability.
We have set Net Zero targets in collaboration with the SBT initiative, and we plan to fully decarbonize our operation by 2035 and the one of our supply chain by 2050, and we are investing €100m in order to achieve this target. We are keen on developing circular solutions, putting effort in reducing any waste and giving new life to it. We are also focusing on circularity, putting effort in reducing any waste and giving new life to it. We are engaging suppliers and customers in order to develop joint solutions for reducing emissions and waste and improve recyclability.
Deeper analyze the upstream scope 3 emissions and engage actively
our suppliers so to exactly assess the CO2 content of the material
we source. Once the analysis is done, we will outline an action plan
to be able to decrease them.
- Focus on our waste production, the possibility to recycle them both internally and externally.
- Sourcing of raw material with low CO2 footprint, meaning bio-based or with high recycled content.
- Impact on local communities. Launch projects of CSR to generate positive impact in the communities we operate.
- EU Taxonomy - Foster STEM careers for women, in order to achieve our gender parity targets
- Build an internal sustainability training platform, so to spread sustainability culture across the organization and activate employees to generate new sustainability initiative.
It is in the top of our agenda. We have set Net Zero targets on our scope 3 and we are committed to reach them. This means that we need to collaborate with both our suppliers and customer in order to develop joint solutions to decarbonize the whole value chain. Most of the emissions related to our products happens in the use of goods phase and in the purchased materials categories, so these must be our first priorities.
Sustainability Manager, Prysmian Group