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Sustainability Channel is the communication channel towards our stakeholders interested in Sustainable approach to the business.

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FINANCIAL STATEMENTS AS OF 30 JUNE

The Board of Directors of Pirelli & C. SPA approves financial statements as of 30 June 2009:

  • second quarter operating results improved over the first quarter;
  • operating trend in line with overall targets of 2009-2011 industrial plan;
  • target for financial position improves: net debt forecast for year end at approximately 800 mil lion euros;
  • new model of risk monitoring and management introduced: broadens functions and number of components of internal control and Corporate Governance committee; compliance function introduced, separate from internal audit function; risk officer instated.

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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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PIRELLI PUBLISH ITS FOURTH SUSTAINABILITY REPORT

Download the Report 2008 (excerpt from the source “Group Annual Financial report 2008″).



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