Sustainability Channel

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 SUPPLIER AWARD 2018: SUPPLIERS AWARDED FOR INNOVATION, QUALITY OF SERVICE AND SUSTAINABILITY

PIRELLI FIRST AUTOMOTIVE COMPANY TO OBTAIN CONFIRMATION OF COMPLIANCE WITH THE UNI ISO 20400 RULE ON SUSTAINABLE PURCHASING

Sustainability, innovation and quality of service are the key elements which Pirelli maintained as essential for the Supplier Award 2018, the annual occasion when the Company awards 9 suppliers chosen from over 10,000 belonging to it global supply chain. The Supplier Awards reward those suppliers who shine for their ability to make the Pirelli supply chain even more sustainable and enhance qualitative excellence, making Pirelli’s products always more High Value, in line with the Group’s strategy.

The awards for the suppliers who distinguished themselves over the last year were today presented by the Chief Purchasing Officer, Matteo Battaini and the Chief Sustainability and Risk Governance Officer, Filippo Bettini, at a ceremony at Pirelli’s headquarters in Milan. The awards were given to nine suppliers in the areas of raw materials, services and machinery.

In the 2018 edition, the most frequently seen factors include innovation, quality of service and sustainability, which had its own specific award. Pirelli’s supply chain has been constructed to guarantee product innovation, process digitalization and long term competitiveness, where respect for the environment and attention to the value of people are considered a primary levers of growth.

Pirelli’s efforts towards a sustainable purchasing strategy were recognized by the confirmation that Pirelli’s supply system was in compliance with the UNI ISO 20400 rule, conferred in February 2018 by SGS Italia S.p.A. – among the leading companies at the world level for inspection, verification, analysis and certification services. Pirelli is thus the first company in the automotive world to have received this confirmation of compliance. The ISO 20400 constitutes the most important international guideline in the matter of supply chain sustainable governance, where the economic, social and environmental responsibility are integrated into the Company’s strategies, organization and purchasing processes.

The following are the suppliers that won awards at the 2018 edition of the Pirelli Supplier Award:

Glanzstoff Sicrem Spa (Italy), suppliers of textile reinforcements – awarded for criteria of “Quality” and “Speed” which was also received the prestigious Sustainability prize, which the company deserved because it produces rayon using only cellulose from plantations certified for sustainable agro-forestry management.

Published on: 31 August 2018, 14:56 CET

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PIRELLI JOINS UNITED NATIONS ROAD SAFETY TRUST FUND

The first tyre company to join, Pirelli also obtains seat on Advisory Board

With Cyber Car, Pirelli brings intelligent tyres into the safety mix

Milan, 28 August 2018 – Pirelli has become the first tyre company to join the United Nations Road Safety Trust Fund, pledging a contribution of $600,000 (2018-2019) to help the fund in its efforts to make significant impact in global road safety.  At the same time, the company’s Chief Sustainability and Risk Governance Officer, Filippo Bettini, was nominated to a seat on the fund’s Advisory Board.

As a leading tyre maker, Pirelli’s foremost concern is to increase driving safety, principally through the application of innovative technologies. Contributing to the fund, and thus to the United Nations Sustainable Development Goal of halving the number of worldwide road accident deaths by 2020, is a natural and complementary extension of the company’s own mission.

“I welcome this important pledge from Pirelli to the United Nations Road Safety Trust Fund. With momentum building, I call on the support of other donors so that we may scale up the resources urgently required for action to address the critical road safety situation”, stated the UN Secretary-General’s Special Envoy for Road Safety, Jean Todt.

“Our product is the only part of the vehicle that comes into contact with the road and is therefore the linchpin of all its safety systems. Throughout our history, we have been dedicated to the constant improvement of tyre safety and we are now moving into the area of intelligent tyres with the greater monitoring and ecosystem communication capabilities they bring,” said Pirelli’s Bettini. “However, as important as individual efforts are, it is clear that collaboration – with government agencies, associations, advocacy groups – is the key to significantly reducing the number of road accidents globally.”

With the launch of two high-technology smart tyre products – Connesso and Cyber Car – Pirelli is bringing tyre monitoring and accuracy of information to a new level and, as a consequence, ensuring optimum tyre performance. Both products are based on tyres with embedded sensors which monitor information, such as the tyre’s pressure, temperature and wear, in real time. In the case of Connesso, the information is sent to driver’s smart phone through a dedicated App, while in the case of Cyber Car it is sent directly to the cars’ on board electronic systems.

According to UN data, an estimated 1.25 million people are killed every year in road accidents and up to 50 million more are injured which adds up to a cost of around $1.85 trillion to the global economy.  The United Nations Road Safety Trust Fund, which was established earlier this year, aims to accelerate progress in improving road safety by tapping new resources to stimulate effective action. It will focus on strengthening the capacity of governments, including local and city authorities to develop and implement road safety programmes with low and middle- income countries the priority. UNECE estimates that every $1,500 contributed to the Road Safety Trust Fund could save one life, prevent ten serious injuries and leverage $51,000 in road safety investment.

For Pirelli, road safety is a key pillar of sustainable development and among other things the company actively supports the two organizations which are among the most involved with road safety issues: the FIA (Federation Internationale de l’Automobile) and the WBCSD (World Business Council for Sustainable Development). Pirelli is a backer of FIA’s ACTION FOR ROAD SAFETY campaign, both its high level advocacy and concrete on-the-ground projects, while with the WBCSD Pirelli is a participant in its Simplify Project for the development of sustainable and safe mobility in different cities all over the world.

Published on: 28 August 2018, 16:30 CET

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