Pirelli & C.

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Sustainable Governance

For Pirelli, sustainable governance means integrating sustainability with the various aspects and ambits of company management. For Pirelli, “sustainability” is its adopted management model. Among other things, this translates into the mapping, control and sustainable management of all risks associated with the company’s activities.

Guiding principles

United Nations Global Compact

In October 2004, in a letter addressed to the Secretary General, Kofi Annan, Pirelli Group formally declared its adherence to the United Nations Global Compact and its commitment to observe and support its Ten Principles in the areas of human rights, labour standards, the environment and the fight against corruption.

Through its declaration in its Social Responsibility Policy for Occupational Health, Safety and Rights, and Environment, Pirelli formally adheres to the Universal Declaration of Human Rights, the International Labour Organisation Declaration on Fundamental Principles and Rights at Work, the Rio Declaration on Environment and Development and the United Nations Convention against Corruption, from which the principles of the Global Compact are derived.

The letter of adhesion is published in the Sustainability section of the website www.pirelli.com.

The Values and Ethical Code of the Pirelli Group

To provide all the Group’s affiliates with cogent and uniform guidelines for the professional practices to be followed by those who work for the company, in 2003 the Board of Directors of Pirelli & C. S.p.A. approved the Values and Ethical Code of the Pirelli Group.

As anticipated in the 2008 Sustainability Report, the Ethical Code was revised in 2009 to bring it in line with the evolution of the Group's sustainability strategy and to satisfy new market and corporate governance requirements. The amended version was then approved by the Board of Directors of Pirelli & C. S.p.A.

Any director, statutory auditor, manager, and employee in the Pirelli Group and, in general, anyone in Italy and abroad who works for or on behalf of the Pirelli Group, or has business dealings with it (“Addressees of the Code”) must, in carrying out their functions and responsibilities, comply with the principles and rules in this Code.

In particular, this document:

  • sets out the Group’s mission, as stated at the beginning of this chapter
  • illustrates the values on which Pirelli’s own business activities are based, i.e. fairness and propriety, transparency, sustainable growth, customer focus, responsibility and striving after results, professional excellence, innovation, quality and performance, integration and speed;
  • indicates the principles of conduct on which Pirelli bases its business activity in internal and external relations
  • identifies the stakeholders with which Pirelli interacts, describing the sustainable approach that characterises the relationship with each one of them
  • envisages appropriate penalties for violation of the Code

The Group’s “Whistle-blowing” procedure is a key tool for enforcing compliance with the Code. This procedure was issued in 2009 and is described in more detail elsewhere in this chapter, in the section dedicated to Corporate Governance.

The updated version of the Code will be distributed to all Group employees through a specific internal communication campaign during the first several months of 2010. It will be translated into the various languages used at Group facilities worldwide (as was done for the previous version). The original and translated versions of this document, including versions in the languages used by Group suppliers, will then be published in the Sustainability section of the website www.pirelli.com, at disposal of the External Community.

Pirelli Group “Social Responsibility Policy for Occupational Health, Safety and Rights, and Environment”

The Pirelli Group pursues and supports compliance with internationally proclaimed human rights. Pirelli considers protection of the integrity, health and welfare of its employees and the environment as one of the primary needs to be satisfied in organising and developing its activities.

By publishing its “Health, Safety, Environment and Social Responsibility Policy” (HSE & CSR Policy), signed by the Chairman in June 2004, Pirelli has implemented and reinforced guarantees inside the company that a proper balance would be maintained between sustainability and industrial development.

As anticipated in the 2008 Sustainability Report, this policy was amended between the end of 2009 and the beginning of 2010. The “name” of the Policy has also been changed to “Social Responsibility Policy for Occupational Health, Safety and Rights, and Environment.”

Among the various changes, the new version specifically mentions Pirelli’s firm adherence to the international rules that also constitute the basis for the ten principles of the United Nations Global Compact.

Here is an excerpt from this new policy:

Pirelli Group activities are governed by the Code of Ethics approved by the Board of Directors and comply with the Sustainability Model envisaged in the United Nations Global Compact that was signed in 2004.”

The Group's sustainable development strategies pursue various objectives, including continuous improvement in the environmental and occupational health and safety conditions affected by its own activities, in firm compliance with and support of the “Universal Declaration of Human Rights”, the “International Labour Organization’s Declaration on Fundamental Principles and Rights at Work,” the “Rio Declaration on Environment and Development” and the “United Nations Convention against Corruption.”

As in the previous version of 2004, the commitments made by Pirelli through the Policy also reflect the obligations set out in the Standard SA8000®, which has been the benchmark source used by the Group for years in managing its social responsibility.

Group suppliers are formally required to comply with the Policy, by signing the “sustainability clauses” included in the supply contracts and that are dealt with in more detail in a section elsewhere in this report.

The updated version of the Policy will be distributed to all Group employees through a specific internal communication campaign during the first several months of 2010. It will be translated into the various languages used at Group facilities worldwide (as was done for the previous version in 2004). The original and translated versions of this document, including versions in the languages used by Group suppliers, will then be published in the Sustainability section of the website www.pirelli.com, which is accessible to the External Community.

Pirelli Group Equal Opportunities Statement

Pirelli’s commitment to equal opportunities in the workplace is clearly set out in its Equal Opportunities Statement, signed by the Chairman in 2006.

The document illustrates the Group's “valorization” approach to diversity management.

For more details on the management of diversity and equal opportunities at the company, as well as the framework of institutional commitments made by Pirelli in this regard, please see the section dedicated to these topics in the Social Dimension chapter of this report.

The Equal Opportunities Statement, which was distributed to all Group employees in their local languages at the end of 2006, has been published in the Sustainability section of the website www.pirelli.com, available to the External Community.

Pirelli Group "Quality Policy”

Pirelli drafted its new Quality Policy in 2009, which was immediately implemented by Pirelli Tyre. Applicable to the entire Group, it is currently being published both internally and externally.

The Policy reflects the full integration of sustainability in the Group’s management strategy. Quality is a core value in Pirelli operations, pervading all of its functions and processes through a co-ordinated and synergetic approach. Its scope of application ranges from continuous innovation of products, services, processes and systems to protection of the integrity, health and wellness of Group employees, environmental protection throughout the entire product life cycle, and strategic collaboration with suppliers.

Corporate “quality” corresponds to a focus on the demands and interests of Stakeholders, ethics, innovation, excellence and safety for sustainable competitiveness.

Specific emphasis is given to individual involvement and the key role that individuals play in promoting the cultivation of a sustainable quality culture.

The updated version of this document will be distributed to all Group employees through a specific internal communication campaign during the first several months of 2010. It will be translated into the various languages used at Group facilities worldwide (as was done for the previous version in 2004). The original and translated versions of this document, including versions in the languages used by Group suppliers, will then be published in the Sustainability section of the website www.pirelli.com, available to the External Community.