Pirelli and the Egyptian government sign with the Social Fund for Development an agreement to build 35 tyre service centres.
On 13 July, Pirelli Egypt and the Social Fund for Development signed a two million euro agreement to open 35 tyre service centres for commercial and private vehicles in Egypt. With this agreement, we want to give young local entrepreneurs the opportunity to start their own business, supported by the professionalism and educational activities of a large international company such as Pirelli.
Younes Al-Alaoui – Managing Director of Pirelli Egypt – emphasized also the sustainable aspects resulting from this agreement: the cooperation between Pirelli and the Egyptian government to meet an important challenge such as the fight against unemployment by creating new jobs, developing qualified professionals, supporting the social and economic development of the local communities through certain key elements such as training and education is the proof that the operations between institutions and the private sector can yield effective results.
Soha Soliman – Secretary General of the Social Fund for Development – expressed all his appreciation for how Pirelli contributed to the efforts and the plans of the Egyptian government to create new job opportunities for the youngest individuals.
The FTSE4Good Semi-Annual June 2015 Review conducted by FTSE has reconfirmed Pirelli in the share indices for responsible investment of the London Stock Exchange FTSE4Good – Automobile & Parts – with a top ESG rating of 100 points out of 100 for the fourth year in a row.
The FTSE4Good Series is designed to help investors integrate environmental, social and governance (ESG) factors into their investments.
The indices identify companies that better manage ESG risks and are used as a basis for tracker funds, structured products and as a performance benchmark.
The ESG Ratings are used by investors who wish to incorporate ESG factors into their investment decision making processes, or as a framework for corporate engagement and stewardship.
Pirelli has been a member of CSR Europe since 2010. This network of enterprises in Europe that are leaders in corporate social responsibility includes over 60 multinational corporations and 40 national partners with branches in 29 European countries, which allows them to cooperate and share experiences to become the global leaders in sustainable competitiveness and social wellbeing.
In support of this alliance, the most important figures of CSR Europe were welcomed at Pirelli headquarters on Thursday, June 18, for the CSR Europe General Assembly 2015. Filippo Bettini, Chief Sustainability and Risk Governance Officer, opened the event.
The general assembly was the prelude for the conference that will be held today, Friday, June 19, in the Expo auditorium for “Last Call to Europe 2020”“, dedicated to corporate sustainability during the months of Expo Milano 2015
➔ Pirelli participates in Last Call with Filippo Bettini, Chief Sustainability and Risk Governance Officer
Cities and technologies continue to develop, subjecting the environment to greater stress. By 2050, 70% of the population will live within urban areas, which implies the need to develop universally accessible urban mobility with low environmental impact. Municipal administrations, private corporations, and NGOs have the duty and opportunity to work together to achieve these ambitious and necessary objectives.
Transportation has a primary influence on emissions, especially the use and production of automobiles and their components. As a result, tires, which are one of the factors that most influence the energy efficiency of an automobile, are fundamental elements for the reduction of auto emissions. At the same time, there is a demand for reduced consumption of energy, water resources, and raw materials during production.
This context is an opportunity for growth for Pirelli, where product and process innovation play a key role and the benefits combine higher profits and more safety for people and the environment.
Pirelli has developed “Green Performance” tires that ensure safety and a respect for the environment. In 2014 Green Performance tires already made up 46% of our overall turnover, which is a sharp increase compared to 35% in 2011. The objective is to reach 48% by 2017. Moreover, by 2020 we will reduce the rolling resistance of our products by 40% (compared to 2007). At the same time, we are currently working on production process efficiency to further limit environmental impact and to reach these objectives for improvement (compared to 2009 data) by 2020: a 15% reduction in CO2 emissions, an 18% reduction in energy consumption, a 58% reduction in water consumption, and an increase of between 73 and 95% in the recovery of production scraps. During 2014, Pirelli obtained (compared to the previous year) a 2% reduction in specific CO2 emissions, a 19% reduction in water consumption, and a 3% increase in waste recovery, which helped achieve cost efficiencies equal to 92 million euros.
All this, combined with cooperation with other exponents in the sector, is at the heart of a corporate approach that makes sustainability an opportunity for growth.