Sustainability Channel

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

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

HRH THE PRINCE OF WALES VISITS PIRELLI PLANT IN CARLISLE TO CELEBRATE 50TH YEAR OF OPERATION

Carlisle, April 8, 2019 – Pirelli is delighted to announce that His Royal Highness The Prince of Wales today visited its site in Carlisle, one of two Pirelli plants in the United Kingdom, to mark its 50^th year of operation.

His Royal Highness was welcomed by HM Trade Commissioner for Europe, Andrew Mitchell, the Ambassador of Italy in the United Kingdom, Raffaele Trombetta, the Executive Vice-Chairman and Chief Executive Officer of Pirelli, Marco Tronchetti Provera, together with a number of senior managers and many Pirelli employees.

“It was a great honour to welcome His Royal Highness to our factory in Carlisle during this important anniversary year, and so celebrate the enduring and fruitful relationship between Pirelli and the United Kingdom. It will be a day that we will all long remember,” Mr. Tronchetti Provera said.

Of particular interest to His Royal Highness were Pirelli’s apprenticeship scheme and the company’s attention to sustainability issues. Through apprenticeships, Pirelli has provided skilled employment opportunities in the Carlisle area for more than 40 years.

With regard to sustainability, Carlisle works towards the achievement of the group’s global goals and has helped establish Pirelli as the recognized leader in the Auto Components Sector on the Dow Jones Sustainability Index. This year the Group was also included on the CDP Climate A list for its efforts to counter climate change.

Pirelli Carlisle is a centre of excellence for SUV tyres, with a focus on the Premium and Prestige segments, which supplies both domestic and foreign markets. Together with the plant in Burton-on-Trent, which dates back to 1929, the company employs over 1,300 people in the UK, with Carlisle accounting for around 900.

Published on: 4 April 2019, 16:28 CET