Pirelli revs up sustainability rating
Pirelli has been named as the leading automotive supplier in an assessment for the Frankfurt Stock Exchange.
Based on the DVFA's (Deutscher Verband der Finanzanalysten) published standard ‘KPIs for ESG 3.0’, the study awarded points up to a maximum of 100. Pirelli received 99.60 points in the Environmental Sustainability category, 99.0 points in the Social category and 97.80 points in the Corporate Governance category. No other company in the same sector obtained comparable top values.
The analysis was based on approximately 100 ESG indicators, covering the fields of the environment, social responsibility and governance and carried out by Sustainalytics.
Sustainalytics used a variety of sources such as corporate communications, corporate websites, media reports, information from NGOs (non-government organisations), government agencies and direct dialogue with the business itself, in order to assess the sustainability of the company's activities.
The Frankfurt Stock Exchange regularly publishes sustainability indicators to provide investors with the opportunity to support responsible company management.