Science Based Targets Initiative Approves Pirelli's Emissions Plan
The targets Pirelli Cie & SpA has set for the reduction of carbon dioxide emissions have been validated by the Science Based Targets Initiative (SBTi) as consistent with the actions needed to maintain climate warming well below 2°C (35.6°F).
The tiremaker calls this a "significant recognition" of its commitment to being carbon neutral by 2030. Pirelli also has a goal to be using only renewable electric energy by 2025.
In detail, 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.
SBTi aims to guide companies in the definition of ambitious targets to contain the rise of the planet’s temperature. It is a cooperation of the CDP (former Carbon Disclosure Project), United Nations Global Compact, World Resources Institute (WRI) and the World Wildlife Fund for Nature (WWF).
Marco Tronchetti Provera, executive vice chairman and CEO of Pirelli said, "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. Our commitment to sustainable development and the fight against climate change is constant and sees us at work every day, through our research and development, to identify innovative materials and adopt ever more sustainable processes and products that can contribute to the safeguarding of the planet."