Science Based Targets initiative (SBTi) has approved the near-term and long-term targets on the reduction of absolute greenhouse gas (GHG) emissions by Pirelli which were communicated last March during the presentation of the 2024-2025 Business Plan update.
In particular, SBTi – which defines and promotes science-based best practices for reducing emissions – has validated Pirelli’s “long term” target of becoming net-zero by 2040, to reduce absolute Scope 1, 2 and 3 greenhouse gas emissions by at least 90% compared to the base year 2018.
These actions were deemed in line with the Paris Agreement’s target of limiting global warming to within 1.5°C, Pirelli said.
SBTi also endorsed the other “near-term” decarbonization targets, which foresee an 80% reduction in absolute greenhouse gas emissions by 2030 compared to 2018 (Scopes 1 and 2), and a 30% reduction in emissions from the purchase of raw materials, services and transport by 2030 compared to 2018 (Scope 3).
“The validation of our 2040 net-zero targets by the Science Based Targets initiative makes us proud as it 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. “A pathway that is part of a complex global context and a transition process whose resilience must be supported by realistic and sustainable targets.”
