• Pirelli’s specific energy consumption was reduced by more than 5% in 2010
  • Specific targets have been defined for reducing specific CO2 equivalent emissions by a total of 15% from 2009, during the five-year period 2010-2015
  • Pirelli monitors and consolidates “equivalent CO2” for direct emissions
  • In 2010 the Group took action to create and protect 26,936 square metres of forest in Italy, in the Parco del Ticino, and 5,014 square metres in Madagascar.
  • This contribution has been estimated to account for about 0.6% of all Group emissions

The scientific evidence remains overwhelming and the case for bold and urgent action to tackle climate change is stronger than ever. As business leaders, we are used to making decisions on the basis of projected risk and established scientific fact, at this point in time we cannot afford to ignore the undeniable impact of climate change on global populations, natural resources, the economy and on our businesses.
The Cancun Communiqué

-15% specific EMISSIONS of CO2 by 2015

Pirelli’s industrial operations generate direct greenhouse gas emissions due to the transformation of fossil fuels (principally methane gas) into thermal energy. Indirect emissions derive instead from the production of energy by third parties, which is then purchased by the Group (electric power and steam). Pirelli monitors and consolidates “equivalent CO2” for direct emissions, insofar as it also accounts for the contribution – albeit marginal – made by methane (CH4) and nitrous oxide (N2O).

Specific emissions were reduced by slightly less than 5% in 2010, largely due to the abatement of direct emissions, resulting from measures taken to increase energy efficiency.

CO2 EMISSIONS
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DIRECT AND INDIRECT EMISSIONS OF CO2 - 2010
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Objectives to 2015
Specific targets have been defined for reducing specific CO2 equivalent emissions by a total of 15% from 2009, during the five-year period 2010-2015. In 2011 plans call for further reducing specific emissions by up to 9.5%, according to the change in energy consumption. Other more specifically focused actions are currently under study.

Other initiat ives Offsetting CO2 emissions
The actions taken by Pirelli to reduce greenhouse gas emissions stemming directly and indirectly from its activities include offsetting measures, such as support for the creation and protection of dedicated wooded areas that can absorb carbon dioxide emissions.
In 2010 the Group took action to create and protect 26,936 square metres of forest in Italy, in the Parco del Ticino, and 5,014 square metres in Madagascar. These initiatives will generate carbon credits that will fully offset the emissions produced by the Vizzola Ticino Test Track, used by the Pirelli Experimentation Department for testing and developing tyres.

These initiatives are also characterised by their positive impact on biodiversity.
The project in the Parco del Ticino is part of the network of projects for environmental improvement, mitigation and compensation that the Parco Lombardo of the Valle del Ticino has been pursuing for several years due to progressive territorial fragmentation caused by various human activities.
The project in Madagascar, carried out at the Mananby Reserve, is part of a bigger project for reforestation and preservation of biodiversity.
This initiative was defined in collaboration with LifeGate ImpattoZero®.

Monitoring of employee transport CO2
During 2010 monitoring of CO2 emissions from train and air travel by Italian employees continued. Travel by car was also included, as compared with the previous year. This contribution has been estimated to account for about 0.6% of all Group emissions. This figure is slightly higher than in 2009, but it remains at 2008 levels, partly due to the implementation of policies to encourage use of conference calls or videoconferences in place of travel.