SBTi validates Pirelli’s goal of ‘net zero’ by 2040

Milan, Italy – Pirelli has announced that the Science Based Targets initiative* (SBTi) has approved its targets for the reduction of greenhouse gas (GHG) emissions.

Within its 2024-2025 business plan, Pirelli aims to reduce its absolute Scope 1, 2 and 3** GHG emissions by at least 90% compared to the base year 2018.

In particular, SBTi  has validated the Italian manufacturer’s  ‘long-term’ target of ‘net zero’ by 2040, which it claims is  “the most challenging among tire makers.”

SBTi also endorsed the group’s aim to deliver an 80% reduction in absolute GHG emissions by 2030 compared to 2018 (Scopes 1 and 2), continued Pirelli’s 19 Sept announcement.

Also validated is a targeted 30% reduction in emissions from the purchase of raw materials, services and transport by 2030 compared to 2018 (Scope 3).

SBTi’s validation of the 2040 ‘net zero’ targets “confirms the scientific soundness of the path we are committed to along the entire value-chain,” said Marco Tronchetti Provera, executive vice chairman of Pirelli

This, he added, is a “pathway that is part of a complex global context and a transition process whose resilience must be supported by realistic and sustainable targets.”

*SBTi is a collaboration between CDP, the UN Global Compact, the World Resources Institute (WRI) and the World Wildlife Fund for Nature (WWF), which guides companies in setting ambitious, science-based targets to curb the planet's rising temperatures.

**Scope 1: direct greenhouse effect gas emissions coming from the direct combustion of fossil fuels within the perimeter of the organization

Scope 2: indirect emissions of greenhouse effect gases deriving from use of electricity, heat and steam imported and consumed by the organization within its confines

Scope 3: indirect emissions linked to activities upstream or downstream from company operations, calculated according to the GHG Protocol and in line with SBTi requirements.