Sustainability Channel

Standard Ethics Upgraded the Rating of Pirelli

Standard Ethics Upgraded the Rating of Pirelli

London, 23th July 2015. Standard Ethics upgrades Pirelli’s Standard Ethics Rating from “EE-” to “EE”. Pirelli is a component of the Standard Ethics Italian Index.

Standard Ethics latest assessment confirms that Pirelli has voluntarily introduced significant improvements in its corporate governance and CSR policies, harmonising them to the main international indi-cations promoted by the EU, OECD and UN. Interesting changes have been also introduced in com-pany’s reporting methods (CSR and risks), in online communication, as well as in its corporate policies on sustainability.

Pirelli started an on-going improvement process in recent years and it is strongly committed to provid-ing independent external assessors/auditors all relevant information needed for its CSR and sustaina-bility assessment/evaluation/auditing. “

_____________________________________________________

Standard Ethics is an independent Sustainability rating agency based in London, UK

Standard Ethics aims to promote sustainability and governance standard principles emanating from the European Union, the OECD and the United Nations and introduce an institutional approach to CSR that is «norm-based». As a brand, Standard Ethics has been known since 2001 in the world of Sustainable Finance and ESG (Environmental, Social and Governance) studies.

CNH INDUSTRIAL HONORS PIRELLI WITH THE “2015 SUSTAINABILITY SUPPLIER OF THE YEAR AWARD”

Pirelli recognized for projects in Brazil and Indonesia

Turin, July 2015 – CNH Industrial honored two Pirelli sustainability projects during the annual “CNH Industrial Global Supplier Advisory Council Meeting” held in Turin on 16 July.

Pirelli received one award for the “Biomass Boiler House” project in its plant in Campinas, Brazil. This involved the design of a boiler that combusts biomass instead of gas, therefore providing both environmental and financial benefits.

The Biomass Boiler House estimates a reduction in CO₂ emissions of 10,500 tons/year, with an energy savings resulting from fossil fuel of 52,500 MWh/year. As a result, Pirelli is looking to reproduce this technology in another Brazil plant.

The second Pirelli project awarded was for its “Natural Rubber Small Holder Partnership Program” in Indonesia thanks to Pirelli’s partnership with Kirana Megatara, the largest Indonesian producer of natural rubber. The project aims to help farmers improve their production and encourage its sustainability, as well as including a social component addressed at raising the quality of education for the farmers’ children.

Photograph participants from Left-Right: Marco Crola – Business OE and New Technologies of Pirelli – and Roberto Fernando Josè Ruoppolo – OE Latin America of Pirelli – receive the award from Sergio Carpentiere – Chief Purchasing Officer – Richard Tobin – CEO – and Osias Galantine – LATAM Purchasing

FRANKFURT STOCK EXCHANGE: PIRELLI RECEIVED TOP SUSTAINABILITY RATING AT SECTOR AUTOMOTIVE SUPPLIER

The sector automotive supplier is led by Pirelli. On a 100 points maximum possible result, the tyre manufacturer received 99.60 points in the category Environmental sustainability, 99.0 points in the category Social and 97.80 points in the category Corporate Governance. No other company in that sector obtained comparable top values.

The ratings are based on the assessment performed by Sustainalytics and on DVFA’s (Deutscher Verband der Finanzanalysten) published standard “KPIs for ESG 3.0“. The analysis is based on approximately 100 ESG indicators, covering the fields of environment (E for environment), social responsibility (S for Social) and governance (G for governance).

In order to assesses the sustainability of company’s activities and determine the key indicators, Sustainalytics uses a wide variety of sources, such as corporate communications, corporate websites, media reports, information from so-called NGO’s – non-government organizations, government agencies and direct dialogue with the company itself. Internal Quality Management contributes to consistency and ensures the quality of the analysis. In the area of environment, companies are examined in terms of their ecological footprint, such as whether environmental factors are integrated in the development of products and services, or whether the procurement is sustainable.

The complex social issues related to the company’s relationship with its customers, sup-pliers, employees and the society in general. The philanthropic and social activities of the company are also considered here.

When it comes to corporate governance, compliance with the own strategies, business ethics and communication transparency are considered.

The Frankfurt Stock Exchange regularly publishes sustainability indicators to provide investors the opportunity to support responsible company management.