Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economic Responsibility
• Environmental Responsibility
• Social Responsibility

Environmental Achievements

• Reduced water consumption at Milan HQ due to various initiatives (elimination of water fountains, closure of water hookups used during construction, lower average presence).
• Reduced electricity consumption at Milan HQ due to changes in lighting and air conditioning.
• Implemented cogeneration plant at Ivrea office park and Pozzuoli complex.
• Launched Ecobuilding program for environmentally-friendly construction and property management.
• Achieved high energy efficiency in new construction projects (e.g., 3M HQ received Class A certification).

Social Achievements

• Implemented Management By Objectives (MBO) bonus for executives and 50% of middle managers.
• Established a bonus pool for top managers.
• Continued to nurture ties to major academic institutions through employer branding initiatives.
• Increased investment in managerial skills training.
• Implemented Internal Reporting and Compliance Procedure to address sexual harassment and discrimination.

Governance Achievements

• Worked hard to devise an advanced system of corporate governance rules and to develop thorough, transparent communications with its investors.
• Approved by-law amendments to encourage shareholder participation in business life and strategic decisions.
• Adopted stricter criteria for related party transactions.
• Published a Corporate Governance Report in accordance with relevant regulations.

Climate Goals & Targets

Environmental Challenges

• Difficulties in the financial markets impacting the company's operations and investments.
• Sale of Pirelli RE Integrated Facility Management impacting workforce numbers and revenue.
• High number of accidents in 2006.

Mitigation Strategies

• Refocusing of Pirelli RE Group’s international operations.
• Sale of FM interests to boost and further internationalize its facility management business.
• Awareness initiatives for Pirelli RE Facility managers and safety officers.
• Distribution of a “safe driving” manual.
• Twice-yearly accident analysis and on-site inspection of accident sites.

Supply Chain Management

Responsible Procurement

• Established and maintained appropriate procedures to evaluate and select suppliers and subcontractors based on their commitments to social and environmental responsibility.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI G3 guidelines

Certifications: ISO 9001 (service provider companies), ISO 14001 (Pirelli RE Facility Management and Ingest Facility until Dec 2008)

Sustainable Products & Innovation

• Ecobuilding program

Awards & Recognition

• World Sustainability Leader for the autoparts and tyres sector by SAM Group (2008)
• Gold Class Company in the Sustainability Yearbook published by SAM Group and PwC (2008)

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Reduction of CO2 emissions over 2,800 tons/year through energy efficiency improvement projects.
• 13% of the entire Group fleet was made up of environmentally friendly vehicles in 2021 (+50% vs. 2020).
• Properties certified – or under certification – for a (including capex) value of about Euro 2.7 billion.

Social Achievements

• Launched the first open credit education portal educadebito.com.
• Increased percentage of women in managerial and middle management positions (62% and 29% respectively).
• Hired 172 additional colleagues in 2021 with 97% of permanent contracts.

Governance Achievements

• Obtained ISO 37001:2016 anti-corruption certification.
• Obtained ISO 37301 certification for compliance management systems.
• Prelios Credit Servicing S.p.A. received “Above Average” rating as Special Servicer and Master Servicer of mortgage loans from SAP Global Ratings.

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Principles for Responsible Investment (PRI), Global ESG Benchmark for Real Assets (GRESB), Sustainable Development Goals (SDGs)

Certifications: ISO 9001, ISO 45001, ISO 14001, ISO 37001, ISO 37301, ISO 50001, SA 8000, LEED, BREEAM, WELL

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 3
• Goal 4
• Goal 5
• Goal 7
• Goal 8
• Goal 9
• Goal 11
• Goal 12
• Goal 13
• Goal 16

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• MF Innovation Award for non-financial services at Milano Finanza Banking Awards 2022