Prysmian Group

Borsa Italiana: PRY72Credible Contributor· Provisional

0 followersOffshore wind cables·Milan, Italy

www.prysmian.com

Italian 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.

72/100

Credible Contributor· Provisional

ClimateTicker Green Score · how it's calculated

Greenwashing risk: lowData confidence: high

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.

enablerPrysmian generates revenue by designing, manufacturing, and installing high-voltage submarine and underground cable systems and telecom fiber cables for energy transmission, grid modernization, offshore wind interconnection, and digital infrastructure customers globally. It earns from both product sales and turnkey project delivery, with a record subsea/HV project backlog exceeding €17.3bn.

Commitments & Certifications

CDP: B (2020 disclosed score; most recent grade not publicly confirmed) ↗other: S&P Global CSA 85/100 — Industry Leader ↗other: FTSE4Good Index constituent ↗SBTi: Near-term and Net-Zero targets validated ↗

Controversy & Greenwashing Watch

highRepeated Price Cartel Investigations & Fines

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.source ↗

lowShoals Technologies Product Defect Lawsuit

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.source ↗

mediumGerman Federal Cartel Office Inspection

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.source ↗

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