LONDON — International tire makers Pirelli & C. S.p.A. and Yokohama Rubber Co. Ltd. have earned an "A" rating on an international organization's ranking of companies active in fighting climate change
Pirelli and Yokohama — along with Italian brake system producer Brembo S.p.A. — are among 179 companies that earned an A rating from CDP Worldwide (formerly Carbon Disclosure Project), a London-based non-profit that gathers, distributes and promotes information on environmental issues.
It's the second consecutive A rating for Pirelli.
CDP, whose goal is to guide companies and governments to reduce hothouse gas emissions and protect water resources and forests, gathers data related to environmental impacts, risks and opportunities, for an independent evaluation with regard to the methodology with which scores are calculated.
The A rating takes into consideration the effectiveness of efforts made by an enterprise to reduce emissions and climate risks and to develop a low carbon-emission economy, as well as the completeness and transparency of information provided and the adoption of the best practices associated with climate impact, CDP said.
Pirelli said the CDP's recognition confirms its "constant commitment" to questions of sustainability, an area in which the company already boasts a number of achievements, including: leadership in the Automobiles & Components sector on the Dow Jones World and Europe indices; "Gold Class distinction" in RobecoSAM's 2019 Yearbook; and inclusion among the companies of the United Nations' Global Compact Lead.
The CDP also gave 43 cities worldwide an A rating.
In 2019, more than 525 investors with assets of more than $96 trillion and 125 large-scale buyers with a buying power of $3.6 trillion called on companies to share this data through the CDP platform. More than 8,400 companies responded.