Sustainability Channel

Standard Ethics Upgraded the Rating of Pirelli

Standard Ethics Upgraded the Rating of Pirelli

London, 23th July 2015. Standard Ethics upgrades Pirelli’s Standard Ethics Rating from “EE-” to “EE”. Pirelli is a component of the Standard Ethics Italian Index.

Standard Ethics latest assessment confirms that Pirelli has voluntarily introduced significant improvements in its corporate governance and CSR policies, harmonising them to the main international indi-cations promoted by the EU, OECD and UN. Interesting changes have been also introduced in com-pany’s reporting methods (CSR and risks), in online communication, as well as in its corporate policies on sustainability.

Pirelli started an on-going improvement process in recent years and it is strongly committed to provid-ing independent external assessors/auditors all relevant information needed for its CSR and sustaina-bility assessment/evaluation/auditing. “

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Standard Ethics is an independent Sustainability rating agency based in London, UK

Standard Ethics aims to promote sustainability and governance standard principles emanating from the European Union, the OECD and the United Nations and introduce an institutional approach to CSR that is «norm-based». As a brand, Standard Ethics has been known since 2001 in the world of Sustainable Finance and ESG (Environmental, Social and Governance) studies.

CNH INDUSTRIAL HONORS PIRELLI WITH THE “2015 SUSTAINABILITY SUPPLIER OF THE YEAR AWARD”

Pirelli recognized for projects in Brazil and Indonesia

Turin, July 2015 – CNH Industrial honored two Pirelli sustainability projects during the annual “CNH Industrial Global Supplier Advisory Council Meeting” held in Turin on 16 July.

Pirelli received one award for the “Biomass Boiler House” project in its plant in Campinas, Brazil. This involved the design of a boiler that combusts biomass instead of gas, therefore providing both environmental and financial benefits.

The Biomass Boiler House estimates a reduction in CO₂ emissions of 10,500 tons/year, with an energy savings resulting from fossil fuel of 52,500 MWh/year. As a result, Pirelli is looking to reproduce this technology in another Brazil plant.

The second Pirelli project awarded was for its “Natural Rubber Small Holder Partnership Program” in Indonesia thanks to Pirelli’s partnership with Kirana Megatara, the largest Indonesian producer of natural rubber. The project aims to help farmers improve their production and encourage its sustainability, as well as including a social component addressed at raising the quality of education for the farmers’ children.

Photograph participants from Left-Right: Marco Crola – Business OE and New Technologies of Pirelli – and Roberto Fernando Josè Ruoppolo – OE Latin America of Pirelli – receive the award from Sergio Carpentiere – Chief Purchasing Officer – Richard Tobin – CEO – and Osias Galantine – LATAM Purchasing

PIRELLI: A DEVELOPMENT STORY FROM EGYPT

Pirelli and the Egyptian government sign with the Social Fund for Development an agreement to build 35 tyre service centres.

On 13 July, Pirelli Egypt and the Social Fund for Development signed a two million euro agreement to open 35 tyre service centres for commercial and private vehicles in Egypt. With this agreement, we want to give young local entrepreneurs the opportunity to start their own business, supported by the professionalism and educational activities of a large international company such as Pirelli.

Younes Al-Alaoui – Managing Director of Pirelli Egypt – emphasized also the sustainable aspects resulting from this agreement: the cooperation between Pirelli and the Egyptian government to meet an important challenge such as the fight against unemployment by creating new jobs, developing qualified professionals, supporting the social and economic development of the local communities through certain key elements such as training and education is the proof that the operations between institutions and the private sector can yield effective results.

Soha Soliman – Secretary General of the Social Fund for Development – expressed all his appreciation for how Pirelli contributed to the efforts and the plans of the Egyptian government to create new job opportunities for the youngest individuals.