Pirelli leads sector in S&P Global Sustainability Yearbook 2021
As far as auto components are concerned, Pirelli has come out on top in the S&P Global Sustainability Yearbook 2021, following the confirmation that it is rated as “Gold Class”. The Sustainability Yearbook 2021, which is published by S&P Global and takes into consideration the sustainability profiles of over 7,000 companies, also mentioned three other tyremakers: Hankook, Nokian and Bridgestone in the ranking.
However, Pirelli was the only company in the auto components sector, worldwide, to obtain the “Gold Class Distinction”. The rankings are prepared each year based on the SAM Corporate Sustainability Assessment for the S&P Global Dow Jones Sustainability indices. Pirelli was also confirmed world sector leader in 2020, with a total score of 84 points compared with a sector average of 35.
If a tyre sector, sub-table of the auto components category were made, Hankook Tire & Technology Co., Ltd. and Nokian Renkaat Oyj came next, with both being awarded “SAM Bronze Class” status. Bridgestone Corporation was also listed as a “Sustainability Yearbook Member”.
Commenting on Pirelli’s leadership position, Marco Tronchetti Provera, Executive Vice Chairman and CEO of Pirelli said: “Pirelli’s confirmation as Gold Class in the Sustainability Yearbook 2021 underscores the central place occupied by sustainability in our company strategy and Pirelli’s ability to integrate a responsible approach into all its business activities creating value for Stakeholders”.
Manjit Jus, Global Head of ESG Research, S&P Global: “We congratulate Pirelli on its GOLD Award in The Sustainability Yearbook 2021, which showcases the best performing companies among industry peers and in terms of financially material ESG metrics. With over 7,000 companies assessed, an inclusion in the yearbook is a true statement of corporate sustainability excellence.”