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Prysmian reports better carbon rating; subsidiary wins award for its green work

The Prysmian Group announced that it has seen its “B” rating improve to an “A-” in terms of its CDP (carbon disclosure project) ranking for a covered period (2021 versus 2019) the company saw its Scope 1 & 2 emissions decrease by more than 22%.

A press release said that the improvements cited in its score for the Carbon Disclosure Project (CDP) stemmed from reduced consumption, electrification and the use of renewable energy. In 2021, Prysmian recorded a 3% reduction despite the acquisition of four new production sites through focused actions (e.g., LED lights, biomass boilers and replacement of old machinery versus more efficient ones). It also installed several solar farms in its factories and aims to expand the amount of self-generated energy with renewables significantly in the coming years.

“Climate is the most urgent pillar of sustainability and we must deliver results quickly in order to guarantee a better future for next generations,” said Maria Cristina Bifulco, who is the chief sustainability officer and investor relations vice president for the Prysmian Group. “The A- ranking in the CDP Questionnaire confirms that we are on the right path in the decarbonization process and that our commitments are solid and recognized. The recent confirmation of Prysmian in the DJ World Index and the excellent results achieved further confirms how sustainability represents a key priority for the group.”

In 2021, the Prysmian Group launched its Climate Change and Social Ambition in 2021, which aims “to make the Group one of the leading technological players in the transition to low carbon energy and decarbonize its operation by 2035 (Scope 1 and 2) and be net-zero across the whole value chain by 2050 (Scope 3).”

In related news, Prysmian Australia has been awarded NBN’s ‘Protected Environment’ Award for 2022. Prysmian has had a longstanding partnership with NBN Co., locally manufacturing and supplying the optical ribbon cable integral to NBN’s national network as well as being its exclusive supplier of copper cable. All NBN cables are manufactured in Prysmian’s Dee Why, Sydney plant.

Prysmian’s ability to innovate saw the optimization of the 12-fiber stranded feeder cable to NBN. The local team worked closely with NBN’s engineering design team to challenge the existing cable design and develop a smaller and lighter cable without compromise to the mechanical, environmental and optical performance. After several iterations of prototyping and testing, the final design was a reduction in weight of 21% (which is mostly plastic material), a 27% reduction in size and a doubling of cable length on the existing size drum, with no change to the cable performance characteristics or handling methods.

In 12 months, there were significant benefits to material usage and carbon emissions, namely, it reduced: use of plastics by 129 metric tons; use of timber by 87 metric tons (1400 wooden drums) due to ability to supply longer lengths of cable on the same drum; carbon emissions by 1,175 metric tons; and emissions from logistics as 1400+ drums were taken off the road.

“We are delighted that our long-term strategy to manufacture locally, with a commitment to innovation and sustainability, continues to be of significant value to our customers” said Prysmian Oceania CEO Hama Shroff.

Read 179 times Last modified on January 10, 2023