Our suppliers are essential for the development of the Group
Brembo’s production requires the significant contribution of several thousands of businesses in the supply chain, located in more than 15 countries worldwide.
The contribution of the suppliers, providing raw materials and supporting the Group for production and maintenance of machinery, is essential to obtain quality products. A key element in the Group’s industrial strategy is the effective management of its network of suppliers in all the phases of the business relationship.
Creating local development opportunities
The Group helps to support the growth of over 4,800 businesses with its purchases.
Most suppliers operate in areas where the Group is also present. This demonstrates the Group’s policy of preferring local supplies, pursuing an international development strategy that places the local area at the centre, alongside a commitment to create stable relations with the communities with which Brembo deals.
The Group has developed a structured supplier management process, in which three main stages can be identified:
- - Clear communication of the standards and performance that Brembo expects from its business partners in terms of product and service quality, correct environmental management and safeguarding of proper working conditions;
- - Assessment of suppliers’ capacity to meet requirements both during the qualification phase and during the business relationship;
- Providing suppliers with support continually improve their own performance and strengthen their ability to innovate.
According to Brembo, it is fundamental to have the commitment of its suppliers to develop and maintain an environmental management system compliant with ISO 14001 standards and the commitment to apply an effective safety management system in accordance with the rules of OHSAS: 18000 Series or equivalent.
In addition, the suppliers are required to base their conduct on the Universal Declaration of Human Rights, the ILO’s Tripartite Declaration on the Principles Concerning Multinational Enterprises and Social Policy, as well as the OECD Guidelines for Multinational Enterprises, mentioned in the Code of Basic Working Conditions, which is for all intents and purposes an essential part of the supply contract.
Finally, as set out in the Group’s Code of Ethics and the Code of Basic Working Conditions , Brembo is committed to not directly purchase minerals from conflict zones and requires its suppliers and commercial partners to declare the provenance of metals for Brembo Group supplies.
Development and capacity building
The Group is committed to providing opportunities for supplier growth by also promoting initiatives for collaboration that encourage direct discussion and the transfer of expertise.
One such example is a pilot project developed during the past two years involving a number of suppliers on a path of guided growth designed to improve quality and development of skills.
Finally Brembo carries out specific audits of suppliers, conducted by third parties, with the specific objective of assessing their compliance with the sustainability standards required by the Group. A corrective action plan, subject to periodic monitoring by Brembo using a third-party certification body, has been developed for each non-conformity reported.