As a public company with a 100% free float and no controlling shareholder, our relationships with investors are crucial. Every year we organize over 500 meetings with members of the financial community. Find out more in our Investors section.
Sustainability is a guiding principle we use when we plan industrial investments as an opportunity for innovation. Prysmian’s R&D department is always looking for innovative ways to make products consume less and deliver more, making them more sustainable by using lighter materials, more efficient design and reducing hazardous materials.
The main aspect guiding the strategy of the Prysmian Group is the need to concentrate on factors that facilitate the development of cabled infrastructures for the transportation of electricity and information that, today, are essential elements in all current transformations of society, from the new electric mobility to smart cities, from the expansion of 5G to the use of artificial intelligence to collect and interpret data, and much more.
Sustainability is a pervading thought for the Prysmian Group not only for product and process innovation but also for our continuous cost reduction program called Design to Cost. Engineers in our R&D development team apply sustainable principles across every aspect from cable design, manufacturing, technical support to cutting-edge innovation. Design-to-Cost encourages the use of better materials, more efficient processes, and innovative designs. These projects deliver products with improved productivity and lower material consumption, resulting in a lower environmental impact.
Being sustainable means being able to generate lasting value over time, and therefore investing in the future. In 2019, Prysmian Group invested €284 million in its industrial development in high-tech and value-added areas such as optical fibres and submarine cables. Nearly one-fifth of industrial investments in 2019, or 19%, were made to achieve efficiency in energy and waste. Prysmian Group is committed to developing environmentally friendly new products because we are convinced these products are the key to guaranteeing economic sustainability over the long term. Our Research & Development budget in 2019 was €106 million. The Group’s capacity to provide innovative and sustainable solutions in design and materials is fundamental to maintaining its leadership role in the market.
Designing and manufacturing sustainable products is a way we can meet our own targets and do our part to protect the environment for all. Here are some of our goals that underpin our sustainable product efforts:
Analyse the carbon footprint of our products in order to measure the improvement in terms of environmental impact reconnected to redesign. Until 2019, 70% of our product families were covered by carbon footprint measurement, we are now working towards reaching 85% in 2022.
In order to support circular economy, we monitor the percentage of waste we recycle. It is currently around 63%, and our goal is to reach 64-66% in 2022.
We re-use 28% of our drums during the year in order to lower our impact on products packaging.
Our team of technicians for research and development apply the principles of sustainability at all levels of a project, from the design of cables to their production, from technical assistance to the establishment of innovative solutions.
Our engineers use advanced tools to validate the performance of our cables by simulating their behaviour in various applications before even proceeding to the prototyping phase.
This process helps to maximize the effectiveness of the work executed in our labs, avoiding unnecessary repetitions in the production line and therefore also achieving a reduction in the consumption of material and energy.
Construction has started on our new cable-laying vessel, Leonardo Da Vinci, which will deliver environmental benefits. Its engines and propulsion systems have been designed specifically to save energy and reduce pollution. And the ship is designed to install a new generation of cables with synthetic armor that is 30% lighter and more environmentally friendly.
P-Laser power transmission and distribution cables provide the best performances with a reduced environmental impact, using fully-recyclable materials and a “zero gas” process to reduce CO2 emissions up to 35 %.
Our FlexRibbon fibre optic cable has the highest fibre density in the world as we pack more fibre into a smaller space. This makes installation quicker and cheaper.
Alesea is our new IoT solution that offers near real-time information on cable drum location, drum use and the amount of cable available, keeping cable waste and scrap at a minimum.
Our high depth submarine cables have been redesigned with synthetic armor to be 30% lighter than the equivalent steel predecessors, enabling installation ships to reduce the number of voyages for each project.
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