Local Communities

“Pirelli intends to contribute to the prosperity and growth of the communities it operates in by providing efficient and technologically advanced services. Pirelli endorses and, where appropriate, gives support to educational, cultural, and social initiatives for promoting personal development and improving living standards. Pirelli does not provide contributions, advantages, or other benefits to political parties or trade union organizations, or to their representatives or candidates, this without prejudice to its compliance with any relevant legislation.”
(Ethical Code – The Wider Community)

With reference to outside donations, the table below shows the contributions and donations made by Pirelli in the three-year period 2011, 2010 and 2009, broken down by category:

(*) The figures for 2010 do not include the operations discontinued during the year that belonged to Pirelli & C. Real Estate S.p.A. (now Prelios S.p.A.) and Broadband Solutions. The figures for 2009 were consequently restated on a comparable basis.

In order to correctly measure and understand the proportion of money spent among the above categories, it must be remembered that the amounts shown are consolidated figures indicated in euro, although they were mainly spent in local currency in the various countries (often emerging markets / developing countries) – where Pirelli operates. This is particularly true for the categories “Education” and “Solidarity”. Paradoxically, although the reported figures shown are lower in absolute terms than what was spent on Culture and Research, they were used to finance a universe of development projects in the countries receiving the donation.