S&P Global puts Pirelli in top 1% of Sustainable Companies

Pirelli is S&P Global’s Top 1% of Sustainable Companies
The S&P Global Sustainability Yearbook 2024 names tyre manufacturer Pirelli as one of the best. Pirelli’s Eleonora Giada Pessina & Marco Tronchetti discuss

The release of S&P Global’s Sustainability Yearbook 2024 recognises the top-performing organisations of 9,400 companies. 

One of these is the automotive tyre manufacturer Pirelli, which was recognised in the top 1% of the Sustainability Yearbook 2024, and became the first of its industry to achieve the prestige accolade. 

 

Pirelli's 25-year sustainability journey 

The sustainability journey has firmly become embedded in the company’s strategy, as it has delivered almost 25 years of sustainable action and benchmarked its work against a number of reports since the inaugural version in 2000. 

The tyre maker is certainly delivering on all fronts, as Pirelli recently cited:

  • A 15% reduction in carbon emissions
  • 18% less consumption of energy
  • 58% reduction in water usage. 

All of this accompanied by rigorous waste management actions behind the scenes to deliver sustainable products to the global automotive market and support the motorsport industry as one of its long-standing stakeholders. 

“Being again recognised this year as one of the leaders in the Sustainability Yearbook confirms Pirelli’s capacity to integrate its sustainability strategy along the entire value chain,” said Marco Tronchetti, Pirelli’s Executive Vice Chairman and CEO. “These concrete results and challenging goals are only obtained with the commitment of all”. Eleonora Giada Pessina, Group Sustainability and Diversity Officer, said that the company realised the multi-faceted approach required to ensure a profitable response to risk and financial returns must align with the needs of the planet and its people. 

“It is a matter of considering sustainability not as a specific issue but as a management model that is transferable to all the functions,” she said. “All the different capitals have to be managed in a responsible and sustainable way. Otherwise, the company’s financial viability is at risk.”

 

Pirelli's bio-based materials, water conservation and emission reductions in tyre manufacturing

Pirelli’s innovation is focused on bio-based compounds and technologies, which led to 38% inclusion of bio and recycled materials in its products in 2022. The aim here is to reach 48% by the end of 2025 and 72% by 2030. 

In terms of water conservation, the company set a target to reduce specific water withdrawal by 43% before its 2025 deadline, an area in which it overachieves. Alongside this is the inevitable emissions reduction strategy with a target of -42% by 2025 based on its 2015 baseline. 

All of this is encouraged by more women in management as the team currently veers towards its goal to increase female representation in leadership - almost a quarter of its managers are women. 

These targets and achievements are not only recognised by S&P Global’s recognition, but also align with its key industries. Motorsport is one of its major customers and partners driving inclusivity, and Pirelli’s achievements play to that. 
 

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