MILAN—Pirelli was one of 37 companies named a "Global Compact LEAD" by the United Nations, a sustainability initiative where companies advance their environmental efforts through commitment to the 10 principles of the program and by promoting sustainability goals.
Pirelli was the only company chosen from the automobiles and parts sector.
To qualify, a company must take part in at least two "action platforms," which involve companies, local networks, academies, civil society and governments collaborating to resolve sustainability issues. In addition, participants must communicate their own progress through an annual sustainability report that details the results achieved in terms of implementing the 10 principles.
"For Pirelli, industry means innovation and that means accelerating change for the benefit of all and to safeguard the environment," said Marco Tronchetti Provera, CEO and executive vice chairman. "The confirmation of Pirelli's inclusion in the Global Compact LEAD of the United Nations is a reason to be proud and is recognition of our constant efforts to achieve challenging goals through actions that bring concrete results."
"LEAD companies represent the highest level of engagement with the U.N. Global Compact," said Sanda Ojiambo, CEO and executive director of UN global compact. "More than ever before, the world needs businesses of all sizes—like the ones announced as LEAD today—that continuously work to improve their sustainability performance and take action to build a better world."