MILAN, Italy—Pirelli & C. S.p.A. has earned a spot in the Global Compact 100 sustainability index for the second straight year.
The stock index is composed of 100 companies chosen on the basis of their alignment with the 10 principles that guide the UN Global Compact, their management's commitment to sustainability issues and their level of profitability, Pirelli said.
Pirelli is the only tire company in the index, which is compiled by the United Nations' Global Compact in collaboration with Sustainalytics an Amsterdam, Netherlands-based financial research and analysis firm.
The firms in this year's 100 recorded a composite increase in return on investment that was 21.8-percent higher than Standard & Poor's global mid- and large-cap index, Pirelli said.
Endorsed by chief executives, the Global Compact is a practical framework for the development, implementation, and disclosure of sustainability policies and practices, offering participants a wide spectrum of workstreams, management tools and resources—all designed to help advance sustainable business models and markets.