Pirelli Among Signatories of CEO Principles for Integrated SDG Investments & Finance Launched by UN Taskforce

  • 2020-09-23 12:00:00
  • Reporter

On September 21, in the context of the 75th UN General Assembly, the UN Global Compact CFO Taskforce for SDGs, of which the Italian tire major Pirelli is a founder, launched the “CFO Principles of Integrated SDG investments and finance” which aims to support the alignment of financial and investment practices with Sustainable Development Goals (SDG) through the implementation of best practices. 

The members of the UN Global Compact CFO Taskforce have identified four key areas as the principles’ focus: SDG impact and measurement, integrated SDG strategies and investments, integrated corporate SDG Finance and integrated SDG communication and reporting. These key areas complement the Ten Principles of the Global Compact and aim at involving the global community of financial managers, so that the entire value chain linked to investments creates a market that is larger, more liquid and efficient for SDG investments and capital flows.  

Pirelli’s CFO, Mr. Francesco Tanzi, explained, “Integrating SDGs into Corporate Finance and Investment is key to accelerating the achievement of global goals through impact actions. This belief is core to Pirelli’s participation as a founding member in the UN CFO Taskforce for SDGs, alongside its development model focused on “partnerships for the goals”. 

The Milan-based tire major will be an active part of the working groups of the CFO Taskforce for SDGs to develop guidelines, case histories and “pilot operations” to facilitate the adoption and implementation of the Principles. Pirelli is the only tire company included in the UN Global Compact CFO Taskforce for SDGs. The company joined the UN Global Compact in 2004.   

During the 75th UN General Assembly, Pirelli was also recognized, along with 40 other companies from around the world who form the UN Global Compact Lead- consisting of companies that have been identified for their greater commitment to the implementation of the Ten Principles of the UN Global Compact, as well as the advancement of global sustainability goals. The UN Global Compact is the biggest corporate sustainability initiative in the world. To qualify as LEAD, a company must take part in at least two Global Compact “Action Platforms” which bring together companies. Local networks, academia, civil society and governments to address complex questions of sustainability and deliver innovation in favour of the global goals. They must also communicate their progress through an annual report on sustainability that shows in detail progress achieved and the actuation of the Ten Principles.

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