Communicating with Stakeholders

Communicating with stakeholders

OVERVIEW

The value of a dialogue and interaction with internal and external stakeholders

Clear communication is at the heart of Prysmian’s operations. Nowhere is this more fundamental than in our focus on sustainability. In line with our corporate objectives, and to understand the various needs, interests and expectations involved, we always aim to maintain constant dialogue and interaction with our internal and external stakeholders. Establishing and developing these clear lines of communication, founded on transparency, openness and listening, allows us to understand the constantly changing expectations and requirements of our stakeholders. These relationships are crucial as we develop structured processes that will help us identify emerging trends and predict future changes.

Engaging everyone

Multi-Stakeholder Engagement initiatives have become an integral part of the Group's growth strategy, as well as an effective communications channel.

These initiatives will help us meet important objectives:

  • Receive suggestions from stakeholders to improve products and processes.

  • Improvement of management of risk and reputation.

  • Inform, educate and involve stakeholders to help them improve their decision-making and actions, for the good of the Group.

  • Contribute to the development of relations with stakeholders based on trust and transparency.

The updated list of the topics relevant to the Group and its stakeholders in 2018, organised into macro-areas

 

At Prysmian, sustainability is never just a talking point. We are constantly committed to analysing, mapping and prioritising the sustainability initiatives and issues of aspects interest to the Group and its stakeholders.

Continuing and building on the materiality analysis work begun in 2014, we remain constantly committed to identifying topics capable of influencing our organisation in economic, environmental and social terms and of substantially affecting stakeholders' decision-making process.
The stakeholders' perception is the interpretative key required for the Group to be able to continue to generate shared value in the short, medium and long term. In accordance with the GRI Sustainability Reporting Standards published by the Global Reporting Initiative (GRI) in 2016 and adopted for the first time this year, the materiality analysis has been updated to place increasing emphasis on materiality as the foundation for reporting on topics material to the Group. The process took account of the new needs and requirements expressed by the Group's internal stakeholders.
Prysmian Group communicates constantly with its stakeholders on sustainability issues by constantly updating its website.

Our deep commitment in the field of sustainability translates into constant and transparent communication with all the Group's stakeholders, thanks to the annual publication of the Sustainability Report. Through the Sustainability Report, the Group publishes its strategy and commitments, and communicates the performance achieved during the year on all sustainability issues.

 

The Sustainability Report 2018 (pursuant to Articles 3 and 4 of Legislative Decree no. 254/16) was prepared in accordance with the "G4 Sustainability Reporting Guidelines" published in 2013 by the Global Reporting Initiative (GRI), "in accordance Core-option", taking into consideration the information deemed significant for the Stakeholders emerged in the materiality matrix. The "GRI Content Index" is included in annex on p. 153 with the detail of the contents reported in compliance with the GRI.

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