Stock market indices and ethical finance

Pirelli has gained significant recognition for its commitment and the results achieved in the field of Corporate Social Responsibility through its inclusion in some of the most prestigious international stock exchange indexes for Sustainability.

Dow Jones sustainability indexes

Launched in 1999, the Dow Jones Sustainability Indexes are the first global indexes to track the financial performance of leading companies in terms of sustainability. Compiled on the basis of cooperative efforts between Dow Jones, STOXXLimited and Sustainability Asset Management Group (SAM), they provide reliable and objective information in the form of benchmarks for managers of sustainable fund portfolios. Pirelli was selected for the Dow Jones Sustainability STOXX (DJSI STOXX) index for the first time in 2002, and has also been included for many years now in the Dow Jones Sustainability World Index .

Pirelli has also been declared as the 2008 World sustainability Leader in the “Autoparts and Tyres” Sector and a Gold Class Company by SAM Group. This recognition was published in the prestigious Sustainability Yearbook 2008 , edited by SAM in collaboration with PricewaterhouseCoopers and presented in January at the World Economic Forum in Davos.

The Yearbook is the most complete and authoritative global benchmarking tool for sustainable finance specialists. Only 15 per cent of the companies listed in 57 business sectors are included, following an assessment by SAM of several thousand multinationals.

FTSE INDEXES

Pirelli has been included in the FTSE Global and European STOXX indexes since 2002. FTSE is an independent company, held by the Financial Times and the London Stock Exchange.

The FTSE4Good Series indexes were created by the FTSE to measure the performance of companies in terms of their observance of internationally recognised standards of social responsibility, and to facilitate investment in these companies.

ASPI INDEX

Pirelli has been included since the beginning of 2005 in the ASPI EUROZONE® (Advanced Sustainable Performance Indices) index, which includes the 120 best-performing companies in terms of sustainability on the basis of CSR ratings issued by Vigeo, a social and environmental rating agency.

The reference universe for the ASPI are the companies included in the DJ EURO STOXX SM index.

AXIA INDEXES

Pirelli has been included in the Axia Ethical Index since 2004 (the year the index was created) and in the Axia CSR Index since 2005 (the year it was created). Pirelli is also included in the investable universe of both Axia Euro Ethical Index and Axia Euro CSR Index.

The Axia indices interact with the major international platforms for financial operators and encompass international best practices in corporate social responsibility for a range of companies selected from those with the largest capitalisations in the S&P MIB and the Eurostoxx60.

Pirelli’s current rating is A+++ (until 2006 it was A++), which is the highest obtainable in the “ethical class”.

KEMPEN INDEXES

Pirelli has obtained “Pass Status” within the entire Kempen Capital Management’s investable universe, the “SNS Socially Responsible Universe”.

SIRI SUSTAINABILITY ASSESSMENT

Sustainable Investment Research International Ltd is the biggest international independent research and consulting body in the field of socially responsible investments for institutional investors and financial professionals. SiRi publishes detailed profiles of the 600 most important international groups.

In 2007, Pirelli achieved a further improvement in its 2006 rating, with a score around 30 per cent above the sector average.