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Overview


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An advanced sustainability governance system enables the Group to best manage the economic, social and environmental impact linked to its processes, products and services, always with a view to innovation as well as across-the-board prevention of risks, aware of its role as a multinational Group in a global context. This vision permeates the Group sustainability documents: the Group Values and Ethical Code, the Quality Policy, the Social Responsibility Policy for Occupational Health, Safety and Rights, and Environment  and the "Equal Opportunities Statement".

The sustainability model adopted by the Pirelli Group takes its inspiration from the Global Compact of the United Nations, of which the Issuer has been an active member since 2004. The Pirelli Group's approach to sustainability is driven by the Sustainability Steering Committee (which is chaired by the Issuer’s Chairman) and the SA8000® standard is Pirelli’s reference tool for assessing the consistency of the Pirelli Group's conduct with the corporate social responsibility principles specified therein. All Group operating plants are ISO14001, OHSAS18001 and ISO 90001 certified according to the most recent version of the mentioned Standards. To satisfy car makers expectations, all Pirelli plants supplying them are also certified ISO/TS 16949. Finally the Pirelli Group Materials and Products and Outdoor Experimentation Lab implemented a specific quality management system accredited under the ISO/IEC 17025 standard.

Pirelli Group adopts a "multi-stakeholder" approach  it in fact pursues sustainable and steady growth, the latter being as much as possible based on a fair balance between the different expectations of all those who interact with the Company: environment, shareholders, investors and the financial community, employees, customers, suppliers, institutions, outside communities and Competitors.

Pirelli’s management of business is supported by a very advanced and structured process for management of corporate risks that allows prompt identification and governance of those risks that might prejudice the achievement of strategic objectives and/or impair the Group’s value drivers, with a preventive approach instead of just a reactive approach. The Board of Directors, as supported by its Internal Control, Risk and Corporate Governance Committee, annually define the “acceptable risk threshold”, and annually approve a “risk assessment and management plan” that specifically defines the principal material risks and consequent mitigation plans. Finally, the Board will issue the guidelines for definition of the “risk policies” for governance of specific, existing and prospective risk events. 

Pirelli has undertaken many institutional commitments at international level focused on improving it’s environmental and social performances while contributing to the spread of sustainability culture. The main ones include: Chairmanship of ETRMA (the European Tyre and Rubber Manufacturers' Association), Membership of WBCSD (World Business Council for Sustainable Development), of CSR Europe, of European Alliance for CSR, Partnership with EU-OSHA, the European Agency for Health and Safety at Work.

Pirelli's sustainable performance is reported every year to stakeholders via the Sustainability Report, which is an integral part of the Group Annual Financial Report and is assured by a third party in compliance with AA1000 principles.

The efforts and results achieved by Pirelli in sustainability have enabled – since early 2000s - the inclusion of the Group in some of the most prestigious sustainability stock-exchange indexes at world level (Dow Jones, FTSE4GOOD, Aspi, Axia, ECPI, Ethibel Register, Kempen Capital management Investible Universe, etc...). Of note, Pirelli in 2010 was also declared - for the fourth year running – "World Sustainability Leader" of the Auto Parts and Tyre sector within the Dow Jones Sustainability Indexes. 

 

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