Tag: Pirelli

JLR To Roll Out FSC-Certified Natural Rubber Tyres Across Its Luxury Vehicles

Stuart Mitchell

JLR has joined forces with global tyre manufacturer Pirelli in a global automotive industry‑first commitment to use FSC‑certified natural rubber tyres across its range of modern luxury vehicles.  The luxury car manufacturer will be the first to adopt FSC‑certified tyres at scale, transitioning all tyres from Pirelli across its entire portfolio, debuting on the new Range Rover Electric. The commitment will amount to over 250,000 FSC‑certified tyres per year.  The collaboration between JLR and Pirelli represents a significant step in increasingly sustainable tyre production and adoption, supporting the preservation of…

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Pirelli launches first ever benchmark sustainability-linked bond for the tyre sector

Stuart Mitchell

Italian multinational tyre manufacturer Pirelli benefitted from an exceptional market reception for its inaugural €600 million Sustainability-Linked Bond (SLB) issue; a first in the industry with an orderbook almost six times oversubscribed.  The SLB, priced on 11 January, is also Pirelli’s inaugural rated bond, assigned with investment grade ratings by S&P Global Ratings and Fitch Ratings. The transaction targets emissions reduction goals validated by the Science Based Targets Initiative (SBTi) and is aligned with a 1.5-degree scenario. These include:  KPI 1: Absolute Scope 1 and 2 GHG emissions reduction by 42% by…

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