Sustainability Channel

PIRELLI AWARDED BY CHERY JAGUAR LAND ROVER AS THE “2020 EXCELLENT SUPPLIER”

Pirelli was awarded as the “2020 Excellent Supplier” by Chery Jaguar Land Rover (CJLR), standing out from more than 400 suppliers. The award was presented on April 22 by CJLR top management in Pirelli Yanzhou plant. Pirelli provides 100% of tyres for local production of Chery Jaguar Land Rover.

To meet the strict requirements from CJLR, Pirelli collaborates with the automobile manufacturer in research and development, tailoring tyres for each model to maximize the vehicle’s performance.

“From R&D development phase to final delivery, the cooperation with Pirelli goes smoothly,” said Chery Jaguar Land Rover Vice President of Purchasing QU Guofeng. “Pirelli’s endeavor in technology and continuous exploration of the high-end market are in line with the philosophy of Chery Jaguar Land Rover, and I believe that the cooperation between the two companies will definitely bring better quality products.”

“I am delighted to receive the Excellent Supplier Award from Chery Jaguar Land Rover, which is a recognition of Pirelli’s production processes, product quality and business cooperation,” said Giuliano Menassi, CEO of Pirelli Asia Pacific, “Since entering China in 2005, Pirelli has attached great importance to the renovation and upgrading the facilities, and now its Yanzhou plant is one of the most advanced plants in the world, focusing on the production of high-performance tyres. Pirelli’s OE partnership at the local level is based on the high standards of R&D and product quality of both parties, with leading-edge technology to develop products that can deliver the best performance of vehicles. Thanks to the cooperation with automobile manufacturers, Pirelli can widely understand the technological innovation trends and consumer needs in the industry. I believe that in the future, Pirelli meet the needs of Chinese consumers.”

Pirelli provides 100% OE tyres for all local production vehicles of Chery Jaguar Land Rover. Pirelli’s high-performance product P Zero™ was chosen for Jaguar E-PACE and XFL models as original equipment, to meet drivers’ daily needs and performance experience. Scorpion™ Zero All Season was originally fitted to the Land Rover Discovery and Range Rover Evoque, it is a high-performance all-season product designed for SUVs to ensure excellent performance in all-weather conditions.

Photo gallery: CJLR Excellence Supplier Award Celebration taking place in Yanzhou, on 22nd April: in the middle, Chery Jaguar Land Rover Vice President of Purchasing QU Guofeng (left) and Giuliano Menassi, CEO of Pirelli Asia Pacific (right).

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

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