Controls and Governance
Controls & Governance
Human Rights Due Diligence
Implementation & Reporting
Prysmian values its relationships with stakeholders, prioritizing engagement and continuous communication. For this reason, the company is committed to annually reporting the most relevant data and the results of its monitoring process concerning human rights issues in the Sustainability Report.
To ensure the effective implementation of this policy across all business operations, Prysmian provides training to its management and supervisors. Additionally, appropriate information is shared with all employees to raise awareness of the topic, explain the principles supported by Prysmian, and outline the tools and policies in place.
Monitoring the proper application of the principles outlined in this policy, as well as those expressed in the Code of Ethics and the Code of Business Conduct, will be integrated into human rights assessment processes.
Ensuring Access to Remediation
To ensure compliance with the Human Rights Policy, Prysmian's employees are considered the first line of detection and play a crucial role in identifying potential issues. For this reason, Prysmian provides an independent grievance mechanism that is easily accessible to all employees, enabling them to raise concerns or report any negative impacts on human rights.
The Whistleblowing Policy reflects Prysmian's commitment to ethical conduct, encouraging employees to report serious concerns regarding violations of the Code of Ethics, other company policies, and core principles. This whistleblowing mechanism is available to anyone who works for Prysmian or conducts business on behalf of Prysmian or any of its subsidiaries. Through this process, individuals can:
- Report information about illegal actions or practices that do not comply with Prysmian’s policies.
- Raise concerns about any misconduct within the company.
Employees are encouraged to report any concerns regarding violations of business ethics as outlined in the Ethical Code. This includes financial and accounting fraud, breaches of the Internal Control System, harassment, intimidation, discriminatory behavior towards employees or third parties, and serious health and safety risks that could endanger employees, the public, our customers, or the company's reputation. The Whistleblowing Committee will thoroughly evaluate reported issues, conduct specific investigations, and implement appropriate measures as needed.
Roles & Responsibilities
Prysmian's Compliance Department plays a crucial role in upholding the Code of Ethics and other relevant policies, ensuring their implementation and adherence throughout the organization. The department is structured as follows:
- Chief Compliance Officer is a key figure responsible for managing all compliance policies and procedures, including the Code of Ethics. This officer reports to the Control and Risks Committee and the Chief Executive Officer.
- Local Compliance Officers are present in each company and are vital to the department’s structure. They are directly accountable for implementing all relevant policies and ensuring compliance at the local level.
The Compliance Department's responsibilities concerning human rights include:
- Conducting appropriate human rights assessments in collaboration with other relevant functions within their respective areas of responsibility.
- Reporting the implementation and results of these assessment activities to the Control and Risks Committee.
- Providing an annual report in the Sustainability Report regarding Prysmian's performance related to the commitments outlined in this document.