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CDP Confirms Pirelli Among Climate Change Leaders

Pirelli has earned the highest score attainable, awarded to only 200 companies of the 13,000 participants.

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Pirelli & C. SpA has been confirmed as a global leader in the fight against climate change, obtaining a position in the Climate A list 2021 of the CDP, the international non-profit organization that gathers, disseminates and promotes information on environmental questions.

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The “A” rating is the highest score attainable and was awarded to only 200 companies of the 13,000 participants. The evaluation is based on the effectiveness of the actions implemented to reduce emissions and climate risks and to develop a low-carbon emissions economy, as well as the completeness and transparency of the information supplied and the adoption of best practices associated with environmental impact.

The recognition by CDP confirms Pirelli’s constant commitment in the area of environmental sustainability, where the company has a target for the reduction of CO2 emissions validated by the Science Based Targets Initiative (SBTi) with a goal of ‘carbon neutrality’ by 2030, supported by the energy supply target of 100% renewable source electricity at the global level by 2025. In addition, there is the constant commitment in research & development to innovative and renewable materials and the reduction of emissions coming from the supply chain.

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Marco Tronchetti Provera, executive vice chairman and CEO of Pirelli, said, “The recognition from the CDP is one more testament to the central place that Pirelli gives to the challenges of climate change in its growth strategy. The pillars of Pirelli’s approach are concrete plans for energy transition, transparency and performance, with the willingness to take on ever more challenging goals. Looking after the environment means looking after the future of the company.”

The CDP, whose goal is to guide companies and governments to reduce hothouse gas emissions, protect water resources and forests, gathers data related to environmental impacts, risks and opportunities, for an evaluation independent of the methodology with which scores are calculated. In 2021, more than 590 investors, with assets of more than 110 trillion dollars, and 200 large-scale buyers, with a buying power of 5.5 trillion dollars, called on companies to share these data through the CDP platform and more than 9,600 companies responded.

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