14MB - Pirelli

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Energy efficiency <strong>Pirelli</strong> is going to great lengths to realise energy efficiency, with positive results overall. Progress in realising energy savings is not linear and depends on the availability of technologies that are appropriate for industrial production in a specific context, including the economic cycle. In spite of constant improvements, specific energy consumption remained virtually unchanged between 2007 and 2008. This must be attributed to the concomitance of numerous factors associated with the current economic cycle. The general downturn in production volumes has caused the percentage impact of fixed consumption to rise, insofar as it is independent of production volumes. This stems from the fact that certain types of plants must remain active regardless of production volumes. Added to this is the impact of decommissioning and modifying certain production lines. Current measures to realise energy efficiency consist in increasing the energy efficiency of production processes in technical, economic and environmental terms. Special attention is dedicated to the study of alternative energy sources, in order to increase diversification of energy on an eco-sustainable basis. Energy efficiency levels are constantly monitored by means of specific gauges and indicators installed at all production units, where programmes to streamline and rationalise energy consumption have been implemented. A central organisation that is responsible for supervision and monitoring promotes energy saving measures. Their dissemination is tied both to informational and cultural aspects and to revision and streamlining the energy consumption of existing plant and equipment. This has made it possible to achieve high levels of efficiency. The tyre production process has achieved a 9.2% reduction in its specific consumption of energy and 12.7% reduction in its water consumption over the last five years, as illustrated in the table of environmental performance described elsewhere in this section. In the following charts, it is interesting to observe the different weight of energy and water consumption by the tyre production business as compared with the steel cord production business. ANNUAL FINANCIAL REPORT 2008 219
EXTRAORDINARY SESSION CONSOLIDATED FINANCIAL STATEMENT SUSTAINABILITY REPORT DIRECTORS' REPORT PRELIMINARY INFORMATION Consumption Energy 2008 (GJ/year) 82% Tyre sites The following chart illustrates the mix of energy sources provided by the Tyre and steel cord factories. Energy Sources Tyre 28.6% Steam 30.4% Natural Gas As for the water supply of Tyre and Steel Cord factories, the following chart illustrates that most water is taken from proprietary water wells as compared to what is obtained from the public water supply. WATER SUPPLY SOURCES Tyre 9% Public water supplies 12% Other sources The Company is constantly engaged in conserving its use of natural resources. In particular, it will devote increasing focus on eco-compatible technologies in terms of integration with renewable sources, reduction of climate altering emissions and water consumption. 220 PIRELLI & C. S.p.A. MILAN 18% Steel Cord sites 37.7% Electricity 3.3% Other fuels (diesel, fuel oil, GPL, …) 79% Proprietary water wells Water 2008 (m 3 /year) 92% Tyre Steel cord 25.7% Natural Gas 0.3% Other fuels (diesel, fuel oil, GPL, …) Steel cord 13% Public water supplies 10% Other sources 8% Steel Cord 3.1% Steam 70.9% Electricity 77% Proprietary water wells
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Pirelli & C. S.p.A. — Milan Annua
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EXTRAORDINARY SESSION CONSOLIDATED
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Directors' report
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Directors' report on operations Sha
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Significant events in 2008 With reg
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Turin and the Pirelli Group sealed
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Yanzhou, China - Mixing department
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The Group ALTERNATIVE PERFORMANCE M
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GROUP CONSOLIDATION The highlights
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A percentage breakdown of the chang
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The change can be summarized as fol
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CAPITAL EXPENDITURES Capital expend
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Thirty years after, the Pirelli Cin
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On the other hand, the Sottozero Se
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Information systems The Information
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Pirelli Real Estate The information
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Risks and uncertainties The current
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This is accomplished by negotiating
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sustainability. A gradual introduct
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ued focus on higher-end product seg
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Instead, Pirelli Tyre has kept its
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ticipating in the championship. In
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and Turkey and the start-up of proj
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Pirelli & C. Real Estate The consol
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Assets under management have a mark
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Balance sheet and financial review
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NON-PERFORMING LOANS Collections on
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NET RESULT The net result is income
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nology) lines; 3) Innovation with t
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start-up of the factory in Romania
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Pirelli & C. S.p.A. Summary of sele
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The reason for the reclassification
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—— details of income (expenses)
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Equity investments held by Director
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Compliance with Article 36 of Conso
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Appointment of the board of statuto
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Article 16 of the bylaws The Board
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ANNUAL FINANCIAL REPORT 2008 83
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Stock Exchange Regulations: indicat
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Savings shares do not have voting r
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e) Employee shareholdings: mechanis
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ers of convertible bonds, for a max
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The composition of the Board of Dir
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When the Board of Directors is due
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Remuneration of the directors veste
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more than 10 million euros (in the
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d) if they receive, or have receive
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8. APPOINTMENTS COMMITTEE The Board
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11. The Committee for Internal Cont
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The internal control officer also r
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12.3. Organisational model ex Legis
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and the set of businesses included
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after the expiry of the date for th
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members of the Board of Statutory A
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ensure orderly discussion and votin
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and cadres employed by the Company,
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priate measures to ensure the order
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with the title of Managing Director
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ing to the regulations issued by Co
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Telecom Italia S.p.A. Telecom Itali
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6. Bodies governing the agreement,
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ANNEX E - General Criteria for the
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— the general results of operatio
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9. Direction and coordination activ
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ANNEX G - Rules of conduct for effe
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mation “in the making,” so as t
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6.3 - Inside information must also
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8.6 — The definition of “roles
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— with the markets closed or in t
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ANNEX A Notices to be sent to perso
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ANNEX B Pirelli & C. S.p.A. Group R
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—— coordinates the Registering
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We further undertake to inform prel
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ANNEX I - Insider dealing - Black-o
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Article 6 —— In the conduct of
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Pirelli and sustainable development
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Page 252 and 253: Social dimension Internal Community
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language) to explain the meaning of
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(Have you ever been to a superbike
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Details on certain important initia
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A photo exhibit on the 100th annive
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The campaign began with the deliver
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As part of the restructuring proces
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Group affiliates still provide heal
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—— effective involvement of res
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To better understand these data, it
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Pirelli Real Estate S.p.A. Over the
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Awareness raising and training Pire
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This plan calls for: —— a self-
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larly on the work of the standing c
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focusing on reinforcing young peopl
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Romania In its first year of activi
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In the medical field, Pirelli provi
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A decade ago Pirelli signed an agre
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In April 2008 Pirelli and the Milan
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This is the spirit behind the proje
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THE GLOBAL COMPACT PRINCIPLES AND G
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Companies consolidated line-by-line
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