Prysmian Group improved its score in the DOW JONES World Sustainability Index

Prysmian Group improved its score in the DOW JONES World Sustainability Index

Categories: Corporate

Prysmian Group, the leader of the worldwide energy and telecommunication cables industry, improved its score from 84 in 2019 to 86 in the Dow Jones World Sustainability Index, according to the 2020 review conducted by S&P Global CSA.

İstanbul, Türkiye   -   12/01/2020 - 7:00 AM

Included in the global sustainability index, Prysmian Group stood out as the only company that produces cables among the 3,400 companies included in the index.

Prysmian Group which improved its score to 86 in the ELQ Electrical Parts and Equipment group in the Dow Jones World Sustainability Index in 2020 achieved the best results in Innovation Management - where last year's score was maintained -, in Environmental Reporting, Social Reporting and Talent Attraction & Retention where the score was improved.

Prysmian Group CEO Valerio Battista made the following assessment on the subject: “We are very proud of this important as it recognizes our commitment in constantly improve the sustainability of our operations, supply chain and organization. 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.

‘We are leading innovation in Turkish cable industry’

Türk Prysmian Kablo’s CEO Cinzia Farisè said “We attach importance to the relationship between sustainability and innovation within the Prysmian Group. We adopt a comprehensive 360-degree innovation philosophy, including low-carbon product innovations for carbon footprint, circular economy, energy conversion and digitalization. In the same direction, we, as Türk Prysmian Kablo, focused on developing innovative products that support sustainability in telecommunication and energy infrastructures, increasing the sales of 'green' products, contributing to making energy and telecommunication accessible to everyone, and supporting the production of renewable energy and sustainable technologies. As the company that invests the most in R&D in the Turkish cable industry, we will continue our investments by leading innovation and development.”

Improves sustainability with the power of innovation

Innovations like P-Laser, the first totally recyclable cable ensuring higher and more reliable performances, can contribute to the development of more performing and sustainable power grids. P Laser HVDC cable technology was chosen for the development of German Corridors, a milestone of the energy transition projects. Prysmian is also committed to sustainable innovation in the field of the optical fibre and cable for telecom networks, as demonstrated with the recent launch of the first 90% recyclable optical fiber utilized in a pilot project by Dutch telecom operator KPN.

Achieving its sustainability goals with its stakeholders

Three new interactive workshops were also held during the Sustainability Day organized as part of the annual Stakeholder Engagement event, which is an important meeting to shape the priorities of sustainability efforts, which is one of the fundamental elements of Prysmian Group's strategy to grow its business. Prysmian Group believes that its sustainability goals can be achieved with the participation of its stakeholders and that stakeholder engagement is an important and fundamental part of its sustainability strategy. In 2020, Prysmian Group joined the international business community in the 50 Sustainability and Climate Leaders, a forum where companies share their ideas and experience in responding to climate change, hosted on Bloomberg website and 50 climate leaders hub.