Pirelli has reported the continued success of its sustainability strategy. This includes the: growth of revenues from green performance products; reduction of specific water drawing; increased rate of waste recovery; the number of training days per employee exceeding the targets of its industrial plan; and new partnerships with strategic suppliers for natural rubber, in support of producers of natural rubber and safeguarding bio-diversity.
Since 2009, significant progress has been achieved in the development and realization of green performance products as part of its focus on the negative environmental impacts caused by a tire throughout its lifecycle.
In 2015, in particular, almost half (48% compared with 46% registered in 2014) of Pirelli’s tire revenues came from green performance products, almost double the 2009 level when it was equal to 25% and above target in the 2013-2017 sustainability plan, which aimed at reaching this value at the end of 2017.
Investments in R&D amount annually to over 3% of total revenues, one of the highest levels in the sector, and in 2015 they totaled about €215m (US$245m) (3.4% of total revenues), an increase from €205.5m (US$234.4m) in 2014 and €133m (US$152m) in 2009.
May 12, 2016
