A note on methodology

The Pirelli Group Sustainability Report, in 2011 at the seventh edition is a comprehensive expression of a corporate culture based on the integration of economic, environmental and social choices, in line with the triple bottom line approach. For this reason, instead of being published separately, the description of Pirelli sustainable performance is included as Volume C in the Pirelli Annual Financial Report at December 31, 2011 (Volume A: Annual Financial Report at December 31, 2011; Volume B: Annual Report on Corporate Governance and the structure of share ownership 2011).

In light of this integration, note that:

  • the Chairman’s Letter at the beginning of Volume A of the Pirelli Annual Financial Report addresses Group sustainability issues;
  • the scope of this annual report is the same as the Group’s Annual Financial Report at December 31, 2011 -Volume A;
  • this report gives a summary of the corporate identity, Group structure and operating performance in 2011, insofar as these topics are discussed in detail in Volume A, to which reference is made for further information.

The Sustainability Report has been drawn up according to the Sustainability Reporting Guidelines issued by the Global Reporting Initiative (GRI), and the principles of completeness, materiality and responsiveness set out in Standard AA1000.

The analysis of sustainable performance is based on a set of Key Performance Indicators (KPIs), developed in accordance with the GRI-G3.1 indicators, the ten principles of the Global Compact (to which Pirelli adhered in 2004) while also taking account of data periodically monitored by the leading rating agencies of sustainable finance. The sections on economic and social dimensions have also drawn on the Reporting Standards issued by the Italian Sustainability Report Study Group (GBS – Gruppo di Studio per il Bilancio Sociale).

In this report, we have concentrated on what we believe will be of most interest to the Group’s wide variety of stakeholders, highlighting and explaining the progress made in 2011 in relation to the contents of the 2010 report, with an overview of trends during the past three years as well as the new 2012 and/or multi-year targets.
The Summary Tables found at the end of the report illustrate the topics discussed in the text in reference to the specific GRI-G3.1 indicators, as well as to the Global Compact principles.

This report includes an Assurance Statement by an independent third party. Finally, it is published – in Italian and English – in the Sustainability section of the website pirelli.com.

Feedback from readers on this report is extremely welcome in view of continuous improvements to it. To submit comments and ask for clarifications or further details, please refer to the Contacts published in the Sustainability section of the website.

The “Sustainability Channel” can be accessed from the Sustainability section. This is an interactive communication channel between Pirelli and the web community interested in sustainability news and events regarding the Group.