Sustainability Channel

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


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PIRELLI AMONG SIGNATORIES OF CFO PRINCIPLES FOR INTEGRATED SDG INVESTMENTS AND FINANCE LAUNCHED BY THE UN GLOBAL COMPACT CFO TASKFORCE

THE PRINCIPLES REGARD THE FOLLOWING AREAS: SDG IMPACT AND MEASUREMENT, INTEGRATED SDG STRATEGIES AND INVESTMENT, INTEGRATED CORPORATE SDG FINANCE AND INTEGRATED SDG COMMUNICATION AND REPORTING

THE COMPANY, THE ONLY TYRE COMPANY INCLUDED, CONFIRMED UNITED NATIONS GLOBAL COMPACT LEAD

Milan, 21 September 2020 – The UN Global Compact CFO Taskforce for SDGs, of which Pirelli is a founder, today, in the context of the 75th UN General Assembly, launched the “CFO Principles of Integrated SDG investmentS and finance” which aims to support the alignment of financial and investment practices with Sustainable Development Goals (SDG) through the implementation of best practices.

The members of the United Nations Global Compact CFO Taskforce have identified four key areas as the principles’ focus: SDG impact and measurement, integrated SDG strategies and investments, integrated corporate SDG Finance and integrated SDG communication and reporting. Complementing the Ten Principles of the Global Compact, those identified by the CFOs aim at involving the global community of financial managers so that the entire value chain linked to investments creates a market that is larger, more liquid and efficient for SDG investments and capital flows.

Francesco Tanzi, Pirelli’s Chief Financial Officer said: “Integrating SDGs into Corporate Finance and Investment is key to accelerating the achievement of global goals through impact actions. This belief is core to Pirelli’s participation as a founding member in the UN CFO Taskforce for SDGs, alongside its development model focused on “partnerships for the goals”.

Pirelli will be an active part of the working groups of the CFO Taskforce for SDGs to develop guidelines, case histories and “pilot operations” to facilitate the adoption and implementation of the Principles.

Pirelli, the only tyre company included, confirmed UN Global Compact Lead

During the 75th UN General Assembly, Pirelli, the only tyre company included, was also recognized, together with 40 other companies around the world, part of the UN Global Compact Lead that groups together companies that have been identified for their greater commitment to the implementation of the Ten Principles of the UN Global Compact as well as the advancement of global sustainability goals.

The UN Global Compact is the biggest corporate sustainability initiative in the world. To qualify as LEAD, a company must take part in at least two Global Compact “Action Platforms” which bring together companies. Local networks, academia, civil society and governments to address complex questions of sustainability and deliver innovation in favour of the global goals. In addition, participants must communicate their progress through an annual report on sustainability that shows in detail progress achieved and the actuation of the Ten Principles.

Belonging to the UN Global Compact, which Pirelli joined in 2004, is testament to the corporate conviction that effective solutions should be pursued through a holistic approach to development, which integrates economic, social and environmental capital, and rests on the joint efforts of companies and stakeholders at the global level.

Published on: 21 Sep 2020, 16:15 CET


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PIRELLI SUBSCRIBES TO NEW 800 MLN EURO SUSTAINABLE BANK LINE

FINANCIAL STRUCTURE REINFORCED

Milan, 31 March 2020 – Pirelli today subscribed to a new 800 million euro financing – with a 5-year maturity – with a pool of primary Italian and international banks. The new bank line is entirely sustainable, in accordance with the group’s targets in terms of economic and environmental sustainability.

This new financing, which Pirelli will mainly use to repay existing debt, permits the group to further increase the already substantial coverage of its financial debt maturities for up to approximately 3 years on slightly better economic terms compared with those contained in the Industrial Plan.

Recently, Pirelli also extended the maturity of a 200 million euro credit line by over one year to September 2021, compared with the original maturity of June 2020.

These transactions, which are part of the strategy presented to the market on February 19 and the Company’s constant actions to optimize and strengthen its debt structure, underscore Pirelli’s capacity to refinance notwithstanding the context of macroeconomic uncertainty.

Published on: 31 Mar 2020, 20:32 CET


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PIRELLI CONFIRMED WORLD SECTOR LEADER ON THE DOW JONES SUSTAINABILITY INDICES

Results of the annual review have been released

Milan, 14 September 2019 – Pirelli is confirmed the world leader in Sustainability in the Automobiles & Components sector in the Dow Jones Sustainability World and Europe indices. This was the result of the review of the indices, the variations of which will apply from September 23, which is conducted annually by RobecoSam and S&P Dow Jones.
Pirelli scores a total of 85 points compared with a sector average of 36 points.
Launched in 1999, the Dow Jones sustainability indices are among the most important stock market indices with regard to sustainability at the world level.
The analysis involved over 2,000 companies from 61 industrial sectors through an integrated analysis of economic, environmental and social factors. Only 10% of the Companies assessed achieved the score needed for inclusion in the indices.

Published on: 16 September 2019, 8:05 CET