Business sustainability is the creation of value through services and sustainable business practices that focus on environmental and social responsibility. Sustainable companies create more added value, which is then distributed to all stakeholders.
The Pirelli Sustainability Model is inspired by the United Nations Global Compact, of which Pirelli has been an active member since 2004, by the Stakeholder Engagement Principles set out in AA1000 and by the recently issued ISO 26000 guidelines.This vision permeates the Group sustainability documents: the Ethical Code, the Code of Conduct, the Anti-Corruption Program, the Social Responsibility Policy for Occupational Health, Safety and Rights, and Environment, the Quality Policy, the Green Sourcing Policy, the Equal Opportunities Statement and the Whistleblowing Policy.
An advanced sustainability governance system allows the Group to effectively manage the economic, social and environmental impact of its processes, products and services, with a constant focus on innovation, with the awareness of the role of a multinational group in a global context and in view of comprehensive risk prevention.
The organizational basis of this governance is represented by the Sustainability Steering Committee; appointed by the Chairman at the beginning of 2004 and chaired personally by him, is responsible for guiding and supervising the advancement of sustainability throughout the company.
At board level, the Audit, Risks, Sustainability and Corporate Governance Committee, composed by independent directors, supports the Board of Directors by monitoring internal audit activity, governance matters, sustainability and risk governance.
The organizational structure is then composed, at central level, by the Group Sustainability and Risk Governance Department including the Chief Sustainability and Risk Governance Officer and the Group Sustainability & Equal Opportunities Officer and, at country level, by Sustainability & Equal Opportunities Managers covering all Pirelli’s affiliates around the world.
Pirelli is also focused on Corporate Governance, aware of the importance of the same in terms of creation of value. The Group therefore dedicates ongoing efforts to maintaining its corporate governance system in line with best national and international practices, always with the aim of taking on board innovative ideas, which can bring added value to its corporate governance set-up. A strong commitment is reserved to the Risk Governance Model application throughout the Group.
The SA8000® international standard is in turn the reference tool identified by Pirelli as the benchmark for assessing the consistency of the Group's conduct with the CSR principles specified therein. This entails monitoring of the affiliates via internal and external audits, extended also to Group’s suppliers. ISO14001 (environment), OHSAS18001(Health & Safety), ISO 9001, ISO/TS 16949, ISO/IEC 17025 (Quality) certifications of the Group plants complete a picture of continuous improvement.
Pirelli Group adopts a "multi-stakeholder" approach, it in fact pursues sustainable and steady growth, the latter being as much as possible based on a fair balance between the different expectations of all those who interact with the Company: environment, shareholders and the financial community, customers, employees, local communities, public administrations, institutions and NGOs, suppliers and competitors.
Pirelli's sustainable performance and its new challenges are reported to Stakeholders every year via the Integrated Annual Report.