Pirelli receives SBTi CO2 reduction validation

By Simon Warburton | 24 June 2020

Science Based Targets Initiative (SBTi) has validated Pirelli for the reduction of CO2 emissions, judged consistent with actions needed to maintain climate warming below 2°C.

"This is significant recognition of Pirelli's commitment to achieving group Carbon Neutrality by 2030, underpinned by its goal of using 100% renewable electric energy by 2025 as announced in [the] recent Industrial and Sustainability Plan," said a Pirelli statement.

The SBTi has validated Pirelli's goal of reducing by 25% its absolute direct and indirect carbon emissions by 2025 compared with 2015 and cutting by 9% the absolute CO2 emissions linked to the acquisition of raw materials by 2025 compared with 2018.

Resulting from the cooperation between the CDP (former Carbon Disclosure Project), United Nations Global Compact, World Resources Institute (WRI) and the World Wildlife Fund for Nature (WWF), SBTi aims to guide companies in the definition of targets to contain the rise of the planet's temperature.

"The validation of our targets for the reduction of CO2 emissions by the Science Based Targets Initiative is an important acknowledgement of the course undertaken by Pirelli to achieve its goal of total Carbon Neutrality," said Pirelli EVP and CEO, Marco Tronchetti Provera.

"Our commitment to sustainable development and the fight against climate change is constant and sees us at work every day, through our Research & Development, to identify materials and adopt sustainable processes and products, that can contribute to the safeguarding of the planet."