Pirelli Confirmed on S&P Dow Jones World & Europe Sustainability Indexes

Performance tire manufacturer Pirelli has been confirmed on the Dow Jones World and Europe Sustainability Indexes following the annual review of the indices conducted by S&P Global.

The confirmation follows the announcement in November that Pirelli had obtained the highest scores in the Auto Components and Automotive sectors as part of the S&P Global 2023 Corporate Sustainability Assessment, according to a press release.

Pirelli obtained the maximum score in a variety of areas, including business ethics, innovation, attention to human rights, health and safety, and management of climate change, the company stated.

Top scores were also achieved in the reduction of CO2 emissions, attention to the supplier codes of conduct, management of biodiversity, environmental and product sustainability, and cyber security, the company added. These results led to Pirelli obtaining a total score of 83 points, the highest of the Auto Components and Automotive sectors at the global level, significantly higher than the average of 26 points in the auto components sector and 33 in the Automotive sector.

“The confirmation of Pirelli on the Dow Jones Sustainability Indexes is both an acknowledgement and a push to set evermore challenging sustainability goals,” said Marco Tronchetti Provera, executive vice chairman of Pirelli. “Companies have a very important role in the current complex international framework, to favor a sustainable transition in both economic and social terms.”

Launched in 1999, the Dow Jones Sustainability Indexes of S&P Global are among the most important stock market indexes in terms of sustainability at the world level. The annual analysis covers 62 business sectors and is extended to more than 13,000 companies.