A Company Committed to Principles
At Prysmian, we aim to uphold the highest standards of fair and ethical practices in every action we take daily across our locations. This aligns with our mission, vision, and values as a company.
Ethics & Integrity of the Group
Ethics & Integrity
Our Code of Ethics
Our Company Compliance Policies and Procedures support our commitment to Ethics and Integrity. These include the Code of Ethics, Anti-Corruption Policy, Anti-Trust Policy, Code of Business Conduct, Helpline Policy, Donations Procedure, Sponsorship Procedure, and AI Policy, among others. These policies are designed to ensure compliance from our employees, suppliers, business partners, sales agents, subcontractors, and distributors. They are essential for upholding the Prysmian way of doing business, a standard that we all strive to maintain.
Adapting to Changing Business Practices
Our Code of Ethics and compliance policies are designed to evolve alongside our business in a competitive environment. We regularly assess current laws and regulations related to these areas and update our policies to reflect the latest best practices. Additionally, we consider the opinions and requests of our stakeholders regarding legal and ethical standards. To demonstrate our commitment to ethical conduct, we implement various initiatives, including the Prysmian Helpline program.
All updates to our policies are communicated throughout the company and are made easily accessible to all employees and affiliated organizations.
For more information about our ethics and integrity policies, please visit the download the policies listed below.
Codes, Policies & Practices
For a complete list of policies, please visit Prysmian's Global Ethics & Integrity webpage.
Code of Ethics
Toggle DetailsPrysmian’s Code of Ethics serves as the foundation of our company’s constitution. It is a charter that outlines the rights and moral duties of every employee and defines our ethical and social responsibilities.
The Code is structured around three key pillars:
- Ethics in Business Activities: The pursuit of profit does not justify improper behavior. Profit must be earned by adhering to regulations, respecting our competitors, and conducting fair, transparent business that anticipates and addresses market needs. This approach generates value to be distributed among all stakeholders.
- Ethics in Internal Relations: We recognize the significance of our relationships with employees. We strengthen these connections by respecting their rights, expectations, and needs, and by facilitating better living conditions and opportunities for professional growth. Our employees are central to our company's future development.
- Ethics in Environmental and Social Matters: With a strong commitment to sustainable development, we operate globally while respecting the environment and the communities in which we work. We encourage responsible resource use and support local initiatives that enhance the well-being of these areas. All companies within the Prysmian Group are required to comply strictly with this Code of Ethics, relevant regulations, and the Group’s rules and procedures.
Supporting our Code of Ethics
Integrity is a key value of Prysmian. To ensure compliance across all levels of the company, we have established a compliance organization to monitor adherence to our Code of Ethics and other relevant policies.
The organization comprises the following roles:
- Chief Compliance Officer: manages all compliance policies and procedures, including the Code of Ethics, while reporting to the Control and Risks Committee and the Chief Executive Officer of the Group.
- Local Compliance Officers: present at every Prysmian Group company to ensure the consistent implementation of compliance policies.
Raising employee awareness
To ensure employee awareness of all our ethical conduct policies, we introduced an e-learning module on our intranet. Completing this module is obligatory for all Prysmian management and staff.
New versions of this online application are made available on the Group’s intranet, and staff are notified when these updates are available.
With this approach, we aim to keep our employees continually engaged with our policies and to foster a deeper understanding of their importance to our company.
Anti-Corruption Policy & Anti-Trust Policy
Toggle DetailsAnti-Corruption Policy
This policy prohibits the corruption of both public officials and private individuals. It requires all Prysmian employees to comply with its rules and regulations and, where less restrictive, with all applicable anti-corruption legislation in the countries where they work or operate.
Under this policy, no employee may make, promise to make, offer, or approve the payment of anything of value, whether directly or indirectly, for the benefit of public officials unless in compliance with all current laws and to the extent expressly allowed by Group Policy.
For this purpose, the term ‘public officials’ means the employees of a public agency or company controlled by the government. This includes commercial entities, international public organizations, political parties or party officials, or candidates for public office.
Click to Download Prysmian's Anti-Corruption Policy
The Anti-Trust Policy
This code addresses issues related to Italian and EU competition policies concerning agreements and the abuse of dominant positions. The specific situations arising must be assessed against this framework on a case-by-case basis.
Code of Business Conduct
Toggle DetailsAt Prysmian, we actively promote business practices that prioritize supply chain responsibility and sustainability, and we ensure compliance with ethical, economic, environmental, and social standards across the company. These principles are enshrined in our Code of Business Conduct.
The Code applies to all employees and all our trade partners. The principles defined in the Code apply to business transactions and the daily activities of all employees, Prysmian companies, and related suppliers, trade partners, commercial agents, subcontractors, and distributors.
The Code deals with the following topics: business integrity (fair trading, conflicts of interest, gifts and entertainment, bribery and corruption, reporting); human and labor rights (child labor, forced labor, occupational health and safety, non-discrimination, freedom of association and collective bargaining); and environment (precautionary principles, raw materials and compliance, energy consumption, greenhouse gases and other emissions, water consumption, waste generation, and recycling).
Information Security
Toggle DetailsPrysmin has established an Information Security Committee responsible for defining and monitoring Cyber Security's Strategic and Operational goals, and ensuring the effectiveness and efficiency of the Cyber Security Framework and Program.
