Prysmian Targets Half of Sales from Low-Carbon Products by 2022

Stephen Jewkes
Monday, May 25, 2020

Prysmian, the world's largest cable maker, pledged on Friday to raise the share of revenues from low carbon products to 50% by 2022 as part of plans to cut its carbon footprint.

The Italian company, which supplies cables for industries ranging from high voltage power transmission to offshore wind-farms, telecoms and cars, said in a statement it aimed to cut carbon emissions by 2-3% by 2022.

It said it also aims to reduce energy consumption by 3% in the time period.

"The energy transition is our core business and main driver of growth," Chief Executive Valerio Battista said in the statement.

(Reporting by Stephen Jewkes; editing by Agnieszka Flak)

Categories: Offshore Finance Energy Subsea Industry News Activity Europe Subsea Cables Offshore Wind

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