Dubai, United Arab Emirates – 22 November 2020: Pirelli was confirmed the world Sustainability leader in the Automobiles & Components sector on the Dow Jones Sustainability Indices (DJSI) at both Europe and global level.
The Milan headquartered group earned a total score of 84 points, compared with an average for the sector of 35.
The DJSI are float-adjusted market capitalization weighted indices that measure the performance of companies selected with environmental, social and governance (ESG) criteria. The DJSI combine S&P Dow Jones Indices’ (DJI) transparent rules-based index methodology with robust data from SAM’s Corporate Sustainability Assessment (CSA), an annual evaluation of companies’ sustainability practices.
Marco Tronchetti Provera, Executive Vice Chairman and CEO of Pirelli, commented: “The confirmation of Pirelli’s world leadership on the Dow Jones Indices acknowledges once again the value of integrating sustainability into our company’s development strategy. The constant commitment to improving economic, social and environmental performances along the whole value chain, from the selection of suppliers to ensuring workplace health and safety, from respect for the environment to the sustainability of new products, are essential for our business model which aims to create value for all its stakeholders.”
Manjit Jus, Global Head of ESG Research and Data di S&P Global, said: “We congratulate Pirelli for being included in the Dow Jones Sustainability Indices World and Europe. A DJSI distinction is a reflection of being a sustainability leader in your industry. With a record number of companies participating in the 2020 Corporate Sustainability Assessment and more stringent rules for inclusion this year, this sets your company apart and rewards your continued commitment to people and planet.”
Launched in 1999, the Dow Jones Sustainability Indices of S&P Global are among the most significant stock market indices regarding sustainability at the world level. The annual analysis covers more than 7,300 companies and about 95% of the capitalization of the global market.
About Pirelli: Founded in Milan in 1872, Pirelli has become one of the world’s largest tyre manufacturers in its 144-year history, with a focus in the high-end range. Through its commitment to R&D, its products are synonymous with Italian excellence in the world, where Pirelli counts 20 tire factories – including the US plant of Rome, Georgia – and a commercial presence in 160 countries. Successfully competing in motorsport since 1907, Pirelli is currently the exclusive supplier of the Formula 1 championship, the Superbike world championship, and many single marque championships around the world.