Sustainability Channel

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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PIRELLI & C. SPA SHAREHOLDERS’ MEETING

•  2017 RESULTS APPROVED

•  GIOVANNI LO STORTO NOMINATED NEW BOARD MEMBER, INDEPENDENT BOARD MEMBERS A MAJORITY (8 OUT 15) ON BOARD

•  NEW BOARD OF STATUTORY AUDITORS NOMINATED

•  NEW REMUNERATION POLICY AND LTI PLAN APPROVED

Milan, 15 May 2018 – A meeting of the shareholders of Pirelli & C. SpA took place today and approved the results of 2017, which ended with a consolidated net profit of 175.5 million euro and a parent company net profit of 170.9 million euro, which shareholders decided to carry forward.

The Shareholders’ Meeting then approved raising the number of board members to 15 and nominated a new board member, Giovanni Lo Storto, at the proposal of a group of savings’ management companies and institutional investors. Mr. Lo Storto will sit on the Control, Risks, Sustainability and Corporate Governance committee and on the Remuneration committee, and declared himself to possess the requisites to qualify as independent in accordance with the Consolidated Finance Law (Testo Unico della Finanza) and the Self-Regulation code for listed companies. With this nomination – approved by around 93% of the capital represented at the shareholders’ meeting, with the abstention of the controlling shareholder Marco Polo International Italy S.p.A. – Pirelli’s Board of Directors is composed of a majority (8 out of 15 members) of independent members.  The mandate of the new board member, whose curriculum vitae is available on the Company’s website, will expire – together with the Board of Directors now in place – with the approval of the results for the year ending on December 31, 2019.

The Shareholders’ Meeting, using the slate system, also nominated the Company’s new Board of Statutory Auditors for the years 2018, 2019 and 2020. It is composed of Francesco Fallacara, nominated Chairman, Antonella Carù, Fabio Artoni, Luca Nicodemi and Alberto Villani as standing auditors, and Franca Brusco, Elenio Bidoggia and Giovanna Oddo as alternate auditors. The chairman of the new Board of Statutory Auditors and the alternate auditor Franca Brusco were taken from the minority slate (voted for by around 18% of the capital represented at the shareholders’ meeting) submitted by the above mentioned group of savings’ management companies and institutional investors, while the other nominations came from the majority slates (voted for by around  79% of the capital represented at the shareholders’ meeting) presented by the controlling shareholder Marco Polo International Italy S.p.A. The compensation for standing auditors was set at 50,000 euro and for the chairman of the Board of Statutory Auditors at 75,000 euro. The curricula of the new auditors are available at the Company’s website www.pirelli.com.

The Shareholders’ Meeting also authorized the Board of Directors to execute a new D&O insurance policy and, in addition, expressed its favourable view (with above 81% of the capital attending the shareholders’ meeting) on the Policy with regard to matters of remuneration and approved – for the part relating to Total Shareholder Return (with the favourable vote of around 96% of the capital attending the shareholders’ meeting) – the adoption of a 3-year monetary incentive plan for 2018-2020 for all management and correlated to the targets for the 2018/2020 period contained in the 2017/2020 industrial plan.

It should be noted that the 2017 Annual Report – which also contains Consolidated Statements of a non-Financial Nature ex D.Lgs. 254/2016 (Chapter “Report on the Responsible Management of the Value Chain”) supported by the relative reports from auditing companies and the annual Report on the corporate governance and ownership structure – is available to the public at the company’s headquarters in Milan, at Viale Piero e Alberto Pirelli 25, and at Borsa Italiana S.p.A., as well as being published on the Company’s website www.pirelli.com and the authorized storage mechanism eMarket Storage (emarketstorage.com).

The minutes of the shareholders’ meeting are available to the public through the same above mentioned channels, in accordance with the terms of law.

Published on: 15 May 2018, 14:47 CET

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