For the second year in a row, Italian tyre maker Pirelli has earned a place in the Climate A list prepared by the CDP (former Carbon Disclosure Project), the international non-profit organization that gathers, distributes and promotes information on environmental issues.
The “A” rating, which is given to only a few companies out of the thousands participating, is the highest score that a company can receive. It takes into consideration efforts made to reduce emissions and climate risks and to develop a low carbon emission economy. The completeness and transparency of the information provided and the adoption of the best practices associated with climate impact are also evaluated.
According to Pirelli, CDP guides companies and governments to reduce greenhouse gas emissions, protect water resources and forests, and gathers data related to environmental impacts, risks and opportunities for independent evaluation.
In 2019, more than 525 investors with assets of over $96 trillion, and 125 large-scale buyers with a buying power of $3.6 trillion, called on companies to share the data through the CDP platform and over 8,400 companies responded.
Pirelli says the recognition from CDP confirms its commitment to sustainability, an area in which it has earned a number of achievements. They include leading the Automobiles & Components sector on the Dow Jones World and Europe indices in 2019, gold class distinction in RobecoSAM’s 2019 Yearbook, and inclusion in the United Nations’ Global Compact Lead.