| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2020 - 31 Dec 2020 | 17 Feb 2021 | 124 | 14% | 26% | 60% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 86 | 37% | 23% | 40% | 0% |
| 01 Jul 2019 - 31 Dec 2019 | 25 Feb 2020 | 35 | 83% | 6% | 11% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 42 | 77% | 9% | 14% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Terms are negotiated on a vendor by vendor basis. However circumstances or events may arise that require use of alternative terms to those agreed in the standard contract.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
248
We will attempt to resolve any dispute in the first instance with negotiations between the authorised representatives of each of the parties.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
PIRELLI INTERNATIONAL LIMITED is a multinational company that specializes in the production and distribution of tires for various types of vehicles. The company was founded in 1872 in Milan, Italy and has since expanded its operations to over 160 countries worldwide.
The company's sustainability program is centered around three main pillars: innovation, environmental responsibility, and social responsibility. PIRELLI is committed to reducing its environmental impact by implementing sustainable practices throughout its entire supply chain. This includes reducing CO2 emissions, promoting the use of renewable energy, and implementing waste reduction measures.
PIRELLI offers a wide range of products and services, including tires for cars, motorcycles, trucks, and agricultural vehicles. The company also offers a range of services such as tire maintenance, repair, and recycling. PIRELLI is known for its high-quality and innovative products, which are designed to provide superior performance and safety.
The key people at PIRELLI INTERNATIONAL LIMITED include Chairman and CEO, Marco Tronchetti Provera, and Executive Vice Chairman and CEO, Angelo M. Bonati. They are supported by a team of experienced professionals who are dedicated to driving the company's success and sustainability efforts.
For more information on PIRELLI INTERNATIONAL LIMITED and its products and services, you can visit their website at www.pirelli.com. The company's registered office address is Viale Piero e Alberto Pirelli 25, 20126 Milan, Italy.