Ethics & Integrity of the Group
A Culture of Integrity
Our company constitution reinforces our culture. At the heart of it sits the Code of Ethics, which guides how we expect employees to conduct themselves as they go about their daily work and is a valuable tool in preventing irresponsible or illegal conduct.
The Code of Ethics guides our Group Compliance Policies (including an Anti-Bribery Policy and Antitrust Code of Conduct, among others) designed to ensure adherence from our employees, suppliers, business partners, sales agents, sub-contractors and distributors on the Prysmian way of doing business.
Code of Ethics and Compliance Policies
Our Code of Ethics and compliance policies live and evolve with our business's development in the competitive world. Therefore, we continuously evaluate all current laws and regulations relating to these areas and amend our policies accordingly, in line with the latest best practices. We also consider the opinions of our stakeholders on these matters and consider their requests relating to legality and propriety. We also seek to support our ethical conduct with various initiatives, including the Prysmian Group Helpline program.
Updates to our policies are broadcast across the Group and made readily available to all employees and associated companies.
You can learn more about our ethics and integrity policies on the dedicated pages below.
Codes, Policies & Practices
Code of EthicsToggle Details
Prysmian’s Code of Ethics is the basis of our company constitution. It is a charter of rights and moral duties and defines the ethical and social responsibilities of every person in the organization.
The Code consists of three pillars:
- Ethics in business activities: the pursuit of profit does not justify improper behavior. Profit must be achieved with respect for the rules and our competitors and by fair and transparent actions that anticipate and meet market needs, thus generating value for distribution to all stakeholders.
- Ethics in internal relations: we understand the importance of our ties with employees. We strengthen these by respecting their rights, expectations, and needs and facilitating improved living conditions and professional growth. The individual is central to our future development as a company.
- Ethics in environmental and social matters: given our strong belief in the principle of sustainable development, we operate worldwide with respect for the environment and local communities; at the same time, we encourage the responsible use of resources and promote local projects designed to enhance well-being in the areas concerned.
All companies within the Prysmian Group agree to comply strictly with the Code of Ethics, applicable regulations, and the rules and procedures adopted by the Group.
Supporting our Code of Ethics
Integrity is a key value of the Prysmian Group. In order to ensure it is upheld at all levels within the company, we have established a compliance organization to monitor the observance of our Code of Ethics and other relevant compliance 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
With the goal of ensuring employee awareness of all our policies relating to ethical conduct, we introduced an e-learning module on our intranet. Completion of 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 stimulate a greater understanding of their importance to us as a company.
Anti-bribery & antitrustToggle Details
The elimination of corruption and unfair competition is taken extremely seriously by the Prysmian Group. To that end, the compliance policies enshrined in our Code of Conduct include an Anti-Bribery Policy and an Antitrust Code of Conduct. Both documents are published on the corporate intranet where all employees may access them and any updates are communicated across the company.
The Anti-Bribery 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, if the former is less restrictive, all the anti-corruption legislation in force in the countries in which they work or are active.
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.
The Antitrust Code of Conduct
This code describes the issues relating 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 ConductToggle Details
At Prysmian, we actively promote business practices focused on supply chain responsibility and sustainability and compliant with ethical, economic, environmental and social standards throughout the Group. 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 the business transactions and to the daily activities of all employees, Group 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 CommitteeToggle Details
The Information Security Committee is 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.
- Ernesto Marzano, Head of Industrial Relations & Employment Governance & Security
- Giorgio Alchieri, Information & IT Security Manager
- Stefano Brandinali, Group CIO & Chief Digital Officer
- Alessandro De Felice, Chief Risk Officer
- Alessandro Nespoli, Chief Compliance & Internal Audit Officer
- Fabrizio Rutschmann, Chief HR Officer
- Giacomo Sofia, Senior Vice President Group Operations