Climate change: CDP A list confirmation of leadership, says Pirelli

Pirelli & C. SpA views its inclusion in CDP’s its Climate A list 2021 as confirmation that it is a “global leader in the fight against climate change.” It is one of just three tyre makers to gain a place on the international non-profit organisation’s list, the others being Bridgestone Corporation and Michelin Group.

The ‘A’ rating is the highest score attainable, and CDP awarded it to only 200 companies out of the 13,000 participants. CDP evaluates firms based upon the effectiveness of the actions they implement to reduce emissions and climate risks and to develop a low carbon emissions economy, as well as the completeness and transparency of information supplied and their adoption of best practices associated with environmental impact.

Pirelli 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 per cent renewable source electricity at the global level by 2025. The company thus considers CDP’s recognition confirmation of its “constant commitment” to environmental sustainability.

Climate change central to Pirelli growth strategy

“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,” says Marco Tronchetti Provera, executive vice-chairman and chief executive officer of Pirelli. “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, over 590 investors, with assets of over US$110 trillion, 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 over 9,600 companies responded.