UN Global Compact identifies Pirelli as a ‘most highly-engaged’ company

The United Nations Global Compact has recognised Pirelli & C. SpA as one of 36 Global Compact LEAD companies that have demonstrated “ongoing commitment to the UN Global Compact and its Ten Principles for responsible business.” The tyre maker’s status as “being among the most highly-engaged participants of the world’s largest corporate sustainability initiative” was announced at the UN Global Compact Leaders Week in New York.

The UN Global Compact is the world’s largest corporate sustainability initiative. To qualify as a LEAD participant a company must take part in at least two UN Global Compact Action Platforms, demonstrating its commitment to defining and fostering leadership practices in line with the Ten Principles and the Sustainable Development Goals (SDGs). It must also communicate its progress, through an annual sustainability report, detailing progress on implementing the Ten Principles.

“LEAD companies represent the highest level of engagement with the UN Global Compact,” stated Lise Kingo, chief executive officer and executive director of the UN Global Compact. “More than ever before, the world needs businesses of all sizes – like the ones announced as LEAD today – that continuously work to improve their sustainability performance and take action to build a better world.”

Pirelli has demonstrated its commitment to the Global Compact this year by participating in Action Platforms on ‘Decent Work in Global Supply Chains’, ‘Financial Innovation for the SDGs’ and ‘Reporting on the SDGs’. Each Action Platform involves business, Global Compact Local Networks, leading experts, civil society, Governments and UN partners to solve complex issues and innovate around the SDGs.

Pirelli says that being a part of the UN Global Compact, which the company joined in 2004, underlines its “belief that effective solutions must be pursued through a holistic approach to development, integrating economic, social and environmental capital and based on joint efforts of sustainable companies and stakeholders globally.”