Tyre giant Pirelli was been ranked as the world’s sustainability leader in the Automobiles & Components sector by the Dow Jones Sustainability Indices (DJSI) index.
Evaluated 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 DSJI of S&P Global are considered to be 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 capitalisation of the global market. To reach its rankings, the DJSI combines float-adjusted market capitalisation weighted indices to measure the performance of companies against environmental, social and governance (ESG) criteria.
“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,” said Marco Tronchetti Provera, executive vice chairman and CEO of Pirelli. “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 congratulated 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.”