Prysmian SpA

#### THE BOARD'S OVERSIGHT

The Board of Directors has the responsibility to supervise the sustainability strategy associated with the Group's business, including climate change and environmental issues.
The Board of Directors is composed of the Board Chair (independent director), the Chief Executive Officer (CEO), the Chief Operating Officer (COO), the Chief Financial Officer (CFO), and other 8 independent directors. The Board Chair, together with the Board's Directors, supervises:

**•** the Sustainability Committee;

**•** the Control and Risk Committee;

**•** the Remuneration and Nominations Committee.

Prysmian Group's Board of Directors is fully committed in combining the Company's traditional aims of business profitability and financial soundness with the challenging new goals of improving environmental and social sustainability, as well as ethics and governance.
The Board strongly fostered and fully supported the Group in reaching the Climate Change Ambition which, together with the Social Ambition already introduced, aims to strengthen Prysmian Group's commitment and ESG impact.

#### THE MANAGEMENT'S ROLE

###### Sustainability Committee

The Sustainability Committee is chaired by the Chief Sustainability Officer (CSO) and is responsible for:

**•** promoting a culture of sustainability within all company activities, including climate-related issues;

**•** defining and evaluating the implementation of GHG emission reduction projects/programs;

**•** monitoring the objectives of the Group Sustainability Policy, the progress with respect to the Climate Ambition, the Social Ambition, the Sustainability Scorecard, and the progress of the actions to ensure compliance with the Group's policies;

**•** supervising all ongoing initiatives that have an impact, current and potential, on the performance of economic, social, and environmental sustainability;

**•** ensuring the effective communication of our commitment and results achieved in the field of climate change and sustainability;

**•** supporting initiatives to protect diversity and inclusion both internally and externally.

The Sustainability Committee reports directly to the Board of Directors, meaning that climate change-related issues are considered at the highest level of the organization and are integrated into the business strategy while leading the decision-making process.

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The Chief Sustainability Officer reports directly to the Chief Executive Officer. Within its mission, it meets periodically to review and validate the KPIs, discuss strategic sustainability priorities, the progress of the action plan and its implementation. The strategic lines of sustainability are defined and promoted at the corporate level and then integrated into local policies and all daily activities.

In 2022, the Sustainability Committee monitored the entire process of Group's Science Based Targets (SBTs) submission and approval. Moreover, in 2022, the Sustainability Committee launched a process to update the materiality analysis and identify the most significant sustainability topics for its business. The assessment was carried out through stakeholder engagement activities and internal meetings and following the GRI standards recommendations. The Stakeholder engagement activities also included the 2022 Sustainability Week, a digital event that recorded around 6,000 people connected from around the world and was later seen by many more, who were able to view the recordings made by the various streaming platforms. Speakers included representatives of the Group, including Prysmian directors, managers, and employees, as well as such external guests as leaders of international organizations and partners in the value chain.
Drawing on their personal and career experiences, the various speakers contributed important points of view on specific sustainability matters, including climate change, energy transition, circular economy, recycling, business impact of environmental processes, sustainable innovation, digitalization, and electrification.

###### Internal Risk Management Committee

The Internal Risk Management Committee, consisting of the Group's Senior Management ensures, through the Chief Risk Officer, a periodical assessment, review and reporting to the Control and Risk Committee, composed by three independent board members of those risk scenarios (included climate-related scenarios) that might compromise the achievement of strategic objectives, including the related mitigation actions.

Climate and sustainability related risks and opportunities, as all the other risks at Group level, are assessed through the ERM process which is periodically updated and reviewed by the Internal Risk Committee.

The specific responsibilities of the Internal Risk Management Committee are:

**•** to identify and report circumstances/risks related to climate change and sustainability;

**•** to ensure implementation of risk improvement recommendations;

**•** to build awareness on climate and sustainability risk at all levels of the organization.

#### The Board's oversight

The Board of Directors has the responsibility to supervise the sustainability strategy associated with the Group's business, including climate change and environmental issues.

In 2020, a specific Sustainability Committee was established by decision of the Board of Directors with the task of supervising sustainability and climate change matters associated with business activities and the dynamics of its interactions with all stakeholders. The sustainability committee deals with:

**•** the promotion of guidelines that integrate sustainability and climate change in business processes in order to ensure the creation of sustainable value over time for shareholders and all other stakeholders;

**•** monitoring the company's positioning on the main sustainability indexes;

**•** providing advice on the main sustainability actions and programs developed by the Group;

**•** approving, before the Board of Directors, the Annual Sustainability Report/Non-Financial Disclosure.

Furthermore, the Control and Risk Committee is responsible for ensuring together with management (through the Group's Chief Risk Officer appointed to govern the ERM process) that the main risks and opportunities - including climate-related ones - faced by Prysmian and its subsidiaries are identified, assessed, managed and monitored on a timely basis.

Please refer to the Corporate Governance Regulation published on Prysmian website for additional details on Board and Committees

#### The management's role

The Sustainability Steering Committee is chaired by the Chief Sustainability Officer (CSO) and is responsible for:

**•** promoting a culture of sustainability within all company activities, including climate-related issues;

**•** defining and evaluating the implementation of GHG emission reduction projects/programs;

**•** monitoring the objectives of the Group Sustainability Policy, the progress with respect to the Climate Ambition, the Social Ambition, the Sustainability Scorecard and the progress of the actions to ensure compliance with the Group's policies;

**•** supervising all ongoing initiatives that have an impact, current and potential, on the performance of economic, social and environmental sustainability;

**•** ensuring the effective communication of our commitment and results achieved in the field of climate change and sustainability;

**•** supporting initiatives to protect diversity and inclusion both internally and externally.

The Sustainability Steering Committee supports and reports directly to the Sustainability Committee which in turn report directly to the Board of Directors, meaning that climate change-related issues are considered at the highest level of the organization and are integrated, mainly through the Climate Ambition, the Social Ambition, the Sustainability Scorecard and the ERM Model, into the business strategy while leading the decision making process.

Within its mission, it meets periodically to discuss strategic sustainability priorities, the progress of the action plan and its implementation. The strategic lines of sustainability are defined and promoted at the corporate level and then integrated into local policies and all daily activities.
The Chief Sustainability Officer reports directly to the Chief Executive Officer.

Ultimately, the Internal Risk Management Committee, consisting of the Group's Senior Management ensures, through the Chief Risk Officer, a periodical assessment, review and reporting to the Control and Risk Committee, composed by three independent board members, of those risk - included climate-related - scenarios that might compromise the achievement of strategic objectives, including the related mitigation actions.
Climate and sustainability related risks and opportunities, as all the other risks at Group level, are assessed through the ERM process which is periodically updated and reviewed by the Internal Risk Committee.
The specific responsibilities of the Internal Risk Management Committee are:

###### • TO IDENTIFY AND REPORT CIRCUMSTANCES/RISKS related to climate change and sustainability;

• TO ENSURE IMPLEMENTATION of risk improvement recommendations;

• TO BUILD AWARENESS ON CLIMATE AND SUSTAINABILITY RISK at all levels of the organization.

Institutional Relations, including corporate lobbying, and participation in trade associations contribute to the creation of corporate value through a strategic, stable network of external relations that are inspired by criteria of: [...] In addition, specific general principles must be observed when engaging in these relations: * in the process of interacting with institutional representatives, the company must employ transparent, lawful and autonomous accreditation channels; * the corporate interest involved in an ongoing decision-making process must be made explicit through the submission of proposals, suggestions, studies, research and analysis. Information used during dialogue with the institutional representative should be transferred only after verifying that it is fully comprehensive and reliable. Some of the main issues subject to the Group's lobbying activities in 2023 were: * European Green Deal (with a focus on sustainable fibers); * Broadband Cost Reduction Directive; * Recovery and Resilience Facility (RRF).

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]The Europacable Industry Charter expresses collective commitment to the principles and objectives of ethical, sustainable and high-quality cable development and manufacturing. Prysmian Group strongly endorses this. In particular, signatories are committed to continuous achievement in environment and climate change area, through:
• fulfil a key role as a knowledge partner in implementing sustainable electricity and future-proof telecommunication infrastructures in the EU;
• develop and maintain policies and strategies which create a sustainable basis for business, in accordance with relevant EU Directives;
• demonstrate a proactive environmental approach to materials across the wider supply chain and throughout the product life cycle.
Moreover, Europacable has recently signed request for European energy planning scenarios to comply with Paris Agreement, and called for the inclusion of power and telecommunication cables as enabling technologies in the Delegated Acts for European Taxonomy.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes