For the second year in a row Pirelli has been named on the CDP’s (formerly the Carbon Disclosure Project) Climate A list. CDP is an international non-profit organization that gathers, distributes and promotes information on environmental issues.
An A rating is given to only a few companies of the thousands that participate. It takes into consideration the effectiveness of each business’s efforts in reducing its emissions and developing a low-carbon economy, the comprehensiveness and transparency of information provided, and the company’s adoption of best practices in environmental sustainability.
CDP aims to guide companies and governments to reduce hothouse gas emissions, and protect water resources and forests. The organization gathers data on environmental impacts, risks and opportunities and uses this information to score each participant.
In 2019, over 525 investors, with assets of over US$96tn, and 125 large-scale buyers, with a buying power of US$3.6tn, called on companies to share this data through the CDP platform and over 8,400 companies responded.
