Prysmian Group, an Italian leader in wire manufacturing, has entered into a long-term agreement with German copper strip manufacturer Aurubis, renowned for its focus on copper recycling. This strategic partnership aims to ensure a sustainable supply chain for Prysmian’s wire materials, primarily servicing its European manufacturing bases.
The collaboration underscores both companies’ commitment to environmental stewardship. Prysmian Group has set ambitious targets to achieve zero greenhouse gas emissions across its value chain by 2050, with interim goals including a 28% reduction in Scope 3 emissions over the next three decades from a 2019 baseline. Additionally, the company aims to increase its use of recycled copper to 15-16% by 2045.
Aurubis is equally committed to reducing its environmental footprint, with a long-term goal of reaching carbon neutrality by 2070. The company has already made significant strides, producing copper with a carbon footprint well below the global average. Aurubis plans to cut its Scope 1 and 2 emissions by 50% and Scope 3 emissions by 24% per ton of copper cathode by 2050. The firm also highlights its role in the circular economy, producing wire rods that emit 40% less carbon dioxide compared to the global standard. 
