Offshore wind cablesBorsa Italiana: PRY
Prysmian Group
72Credible ContributorMilan, Italy0 followers
www.prysmian.comItalian cable and systems manufacturer that is a leading supplier of high-voltage submarine cables and turnkey cable systems connecting offshore wind farms to shore across Europe and beyond.
Green Score
- Greenwashing risk
- low
- Data confidence
- high
- Method
- how it is calculated
Climate Impact & Solution35%82
Does the core business genuinely avoid or reduce emissions, or build climate resilience? Share of revenue that is actually 'green'. Fossil-dependent models score low.
Prysmian's core product — high-voltage submarine and underground cables — is the essential physical infrastructure connecting offshore wind farms, solar fields, and cross-border renewable grids to end consumers, placing it squarely as a high-impact climate enabler; it reported enabling 78.4 million households to access sustainable energy by end-2024.
Decarbonization & Targets20%78
Credible, science-based targets (SBTi), a real net-zero plan with progress to date, and CDP disclosure — not just a dated press release.
SBTi has validated Prysmian's near-term and net-zero targets (60% Scope 1&2 reduction by 2030 and 90% all-scope reduction by 2035 vs. 2019 baseline), and 2024 progress shows a 37% Scope 1&2 reduction and 54% Scope 3 reduction already achieved, though the net-zero target carries a caveat around grid decarbonization as an exogenous factor.
ESG & Operations15%62
Operational footprint, labour and social practices, and governance quality across the company's own operations and supply chain.
Sustainalytics rates Prysmian's ESG material risk management as 'Strong,' the S&P CSA score hit 85/100 in 2025 (industry top), and the company reports active biodiversity net-gain commitments and circular economy programs; however, labor and supply chain data depth is limited and manufacturing across 108+ plants entails a significant operational footprint.
Transparency & Verification15%72
Quality of disclosure, independent third-party verification, and how much hard data backs the company's claims.
Prysmian publishes an integrated annual report with quantified Scope 1, 2, and 3 GHG data independently verified per CONSOB regulations, discloses through CDP (historically rated B), reports against SASB and TCFD frameworks, and has its SBTi targets independently validated; however, the most recent public CDP letter grade (A or A-) is not confirmable from available public data, and some target caveats (exogenous grid decarbonization) reduce full confidence.
Integrity15%52
Controversies, litigation, pollution, fossil-fuel lobbying, conflict-zone involvement and governance scandals. Higher means cleaner.
Prysmian has faced multiple price cartel investigations across Germany and Slovakia since 2014, accumulating €104m in fines paid and ~€200m in provisions at end-2025, with a €46m first-instance Slovak fine in February 2026 still under appeal; a separate product-defect lawsuit was filed by Shoals Technologies. These are repeated, cross-jurisdictional antitrust violations that materially weigh on governance credibility.
Why it's on ClimateTicker
Prysmian is a genuine climate enabler: its submarine and high-voltage cable systems are the physical backbone connecting offshore wind and renewable generation to consumers, making it a critical infrastructure supplier for the energy transition. Its own operational decarbonization targets are SBTi-validated and backed by measurable Scope 1/2/3 progress, giving the company legitimate standing on a climate platform. However, repeated antitrust violations across multiple jurisdictions and heavy manufacturing emissions at 108+ plants introduce material governance and operational risks that investors should not dismiss.
Commitments & Certifications
Controversy & Greenwashing Watch
Prysmian has faced multiple price cartel accusations across Germany, Slovakia, and other jurisdictions since 2014, accumulating over €104m in fines paid and maintaining €200m in provisions at end-2025, with a ~€46m Slovak first-instance fine issued in February 2026 still under appeal.ethica.ethifinance.com
Shoals Technologies filed a lawsuit alleging that Prysmian wire used in Shoals' solar-field projects was defective; Prysmian denies the allegations and is vigorously defending the claim.prysmian.com
In January 2022, the German Federal Cartel Office conducted inspections at Prysmian facilities over alleged coordination in setting standard metal surcharges applied across the industry in Germany.ethifinance.com
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