Sustainability Channel

PIRELLI LEADER IN CORPORATE GOVERNANCE

The corporate governance model of Pirelli & C. has been rated by GMI (Governance Metrics International) the best in Italy, with a 10/10 score given by the company, which specializes in corporate governance research. GMI’s latest ‘Country Ranking’ (September 2008) assigned an average rating of 5.32/10 to Italy.

In addition to placing in the top slot on a national basis, Pirelli also received a rating of 9/10 in the ranking that includes 4,162 companies evaluated on a worldwide basis, finishing among the highest-ranking companies in the ‘Automobile and Components’ category, where the average score was 5/10.

Governance Metrics International (GMI) is a corporate governance research and ratings firm, which ranked as ‘Top Corporate Governance Research Firm’ in the 2009 Thomson Reuters Extel Survey. The results Pirelli obtained are confirmation of the attention the Pirelli Group reserves to its corporate governance, consistently adopting national and international best practices as its own.

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CHINA: P7 AND P ZERO BEST TYRES OF THE YEAR

Pirelli scored a double at the 2009 China Tyre Enterprise Summit, which concluded recently in Shanghai.
The Cinturato P7 was voted “The Best New Tyre of the Year”, the Summit’s most prestigious award, while the P Zero, the high range tyre, won “The Best Ultra-High Performance Tyre” award as a result of its excellent performance in relation to that of its competitors in the category.
 
The Summit, which focused on an eco-sustainable theme of energy saving and protection of the environment, had at the centre of its debate research into new eco-compatible materials, the introduction of technological innovations that imply a lesser environmental impact and the creation of tyres that are increasingly ‘green’.
The attribution of two such important awards demonstrates the general appreciation by the industrial world of Pirelli’s policy of safety and respect for the environment, which it has pursued in recent years.
 
The awards were received on behalf of Pirelli by Michael Cati, commercial director of Pirelli Tyre China, who said, “It is a great honour for Pirelli to receive this recognition. From 2005, when the company entered the Chinese market, it has always introduced its latest technology and its new products. The P Zero and Cinturato P7 are proof of that. In line with the theme of the Summit, Pirelli will continue to focus on ‘green’ technology and energy saving while continuing to marry respect for the environment and performance“.

CONFERENCE AT THE CHAMBER ON THE BOOK 'PIRELLI – STORIES OF WORK'

“In many ways, Pirelli is one of the most prestigious symbols of Italian industry“. With these words, the president of the Chamber of Deputies, Gianfranco Fini, opened “Stories and actualities of work in the experience of a great Italian company”, a conference that took place Wednesday afternoon at Palazzo Montecitorio, Rome, with the participation of the Honourable Sergio Cofferati, economist Jean Paul Fitoussi, the Minister of the Economy Giulio Tremonti and the chairman of the Pirelli Group, Marco Tronchetti Provera.

The conference, in which members of the political, union, culture and entrepreneurial worlds took part at the invitation of the President of the Chamber, was born of the recent publication of “PIRELLI – STORIES OF WORK. Men, machines and ideas”, a book produced by Pirelli and published by Mondadori, which covers 136 years of the company’s history, recounting the social and economic reality of the country.

‘Internationalisation’, ‘technological innovation’ and ‘moral stature’, the values of Pirelli on which President Fini paused in his introductory speech, before handing over to Marco Tronchetti Provera, chairman of the Pirelli Group, who reminded the audience at the Sala della Regina that ‘passion’, ‘sense of belonging’ and ‘competence’ have enabled Pirelli to continue to be a bearer of innovation over time.

Of an anthropological, economic and social type, the contribution of Jean Paul Fitoussi, author of one of the three prefaces of the book (the others were by the writer  Erri De Luca and Antonio Calabrò, Pirelli’s director of Institutional Affairs and External Relations), remarked on how “one cannot imagine the future of the world without the wheel“, because “the wheel is an indispensable instrument that enables man to move about, like glasses are to reading”.

“An unusual book, particularly courageous, also of great usefulness“, was the comment of Sergio Cofferati, who in his speech recalled Leopoldo Pirelli as one of the most avant garde contributors to the debate on the social conflicts of industrial civilisation.

Lastly, the remarks of the Minister of the Economy, Giulio Tremonti, who directed the attention of the audience to the importance of the patrimonial account in evaluating a company, an account that gives back the historic patrimony of a company, ‘photographing’ in that way a system of values and the values themselves that its financial account does not contemplate. A sophisticated metaphor for administrators, for whom the Minister recalled how ‘competence and prudence’ are at the basis of a successful management.

The conference concluded with the wish, on the part by President Gianfranco Fini, for at least another 136 years of life for Pirelli.
An extremely important afternoon for the Group which, in the splendour of the Sala della Regina, gave voice to the work of all the Pirelliani, advocates of a model history for the economy, but also for the social and cultural life of Italy and the world.