DOUBLE MATERIALITY ANALYSIS
In order to provide its stakeholders with an adequate representation of the Group’s activities and the sustainability issues most relevant to the business, according to the dual “inside-out” and “outside-in” approach, in 2024 Pirelli conducted the first double materiality analysis, in accordance with the EFRAG guidelines on the double materiality analysis process, the ESRS standards, in particular ESRS 1, and the EFRAG IG 1: Materiality Assessment Implementation Guidance.
- Impact Materiality: corresponding to the “inside-out” perspective, concerns the significant impacts of Pirelli connected to the company’s operations and the value chain, negative or positive, actual or potential, on people or the environment, in the short, medium or long term.
- Financial Materiality: corresponds to the “outside-in” perspective, considers how external factors, expressed as risks and opportunities, have, or can be reasonably expected to have, a significant influence on the development of the company, on its financial position, economic result, cash flows, access to financing or the cost of capital in the short, medium or long term.
Download Methodology
Download Results