Sustainability according to Brembo

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Our vision of Corporate Social Responsibility





 



Cristina Bombassei, Chief Corporate Social Responsibility Officer, explains Brembo’s vision of Corporate Social Responsibility and the importance of the Sustainability Report for the Group:




Dear Stakeholders, 


Brembo’s CSR Department celebrated the 10th anniversary of its foundation in 2023 — both a milestone and an encouragement in our sustainability journey. Over the past ten years, we have made considerable progress and shaped our vision of a sustainable future. As every year, you will find the achievements and results of this process described in detail in this Consolidated Disclosure of Non-Financial Information.


2023 was a year of growth for Brembo, in spite of the global challenges and ongoing transformation of the automotive sector. Within this scenario, the Group's sustainability plan continued to steer our strategy, in keeping with the UN 2030 Agenda. Our activities embrace all ESG — Environmental, Social and Governance — aspects, taking account of their impacts on the Group and the Group's impacts on people, communities and the environment, thanks to the double-materiality methodology.  


Our People are at the heart of everything we do. In 2023, we continued to invest in talent development, promoting an inclusive work environment that respects and supports each person’s uniqueness. We are determined to continue to increase the wellbeing of our global team, which reached 15,652 people at 32 production and business sites in 15 countries.


They are the ones who create the Brembo of the future every day. The innovation that our People express is directed not only towards new products, but also towards ESG areas. We recognise this every year in the Brembo Sustainability Awards, which in 2023 reached their fifth edition, with 57 projects submitted.

Within this context of commitment and innovation, one of the pillars of our strategy is ensuring the Group’s environmentally sustainable development. In 2023, CO2 emissions per cast tonne decreased by 11.2% compared to 2022, and CO2 emissions per unit of finished product also declined by 9.5% on the previous year. The use of electricity from renewable sources reached 75% of the total and 100% in three countries. Our ambitious goal is to reach net zero by 2040.


In addition, based on the recommendations of the Task Force on Climate-related Financial Disclosures, work continued on a project to reinforce the Brembo Climate Change Risk Assessment, a broad, thorough analysis of the risks that climate change poses to our business and how best to deal with them.


In addition, in 2023 CDP once again recognised Brembo as a global leader for its action on climate change and water resource management, assigning it a score of A- in both categories.


Our social commitment also expanded. As our international programmes — among which I would like to mention the House of Smile in India — continued to meet with success, in 2023 we launched the Child Friendly Space project to support people hit by the earthquake that struck Turkey and Syria in February. 


In addition, Brembo was System Partner to Bergamo-Brescia Italian Capital of Culture 2023, an initiative of extraordinary social, cultural and economic importance for the area in which the Group has its roots. This year's activities and results are a cause for pride to us, while also encouraging us to keep doing more and better, with determination and passion, to support the positive, responsible development of our Group. 


 For all of this, I extend my sincere thanks to my team and all Brembo People, who together with us help spread and strengthen the culture of sustainability in our Company.

 

 

United Nations Global Compact

Since 2021 Brembo N.V. has been a participant in theUnited Nations Global Compact, the world's largest strategic corporate citizenship initiative that arose from the desire to promote a sustainable global economy, respectful of human and labour rights, environmental protection and the principles of anti-corruption.



Promoted by former UN Secretary Kofi Annan, more than 24,000 companies from 167 countries have so far joined the Global Compact, creating a new model for global collaboration


The UN Global Compact requires companies to share, support and apply in their sphere of influence a set of fundamental principles on human rights, labour standards, environmental protection and anti-corruption. 


By participating in this initiative, Brembo N.V. has joined a universal network of companies with a long-term strategic vision, oriented towards the promotion of the culture of sustainability, innovation and reporting. 


The Global Compact provides an opportunity to share strategies and good business practices in response to global challenges, to use ESG-related management tools and resources and to be involved in specific working groups


In 2023, Brembo participated in the study by Global Compact Network Italia “Italian Business Commitment towards Net-zero” conducted in collaboration with IPSOS (a market analysis and research organisation) and presented to an international public for the first time at the COP28 in Dubai. 


The study aims to outline the state of the art regarding the Climate Action and commitment of Italian companies and, in particular, their contribution to the net-zero target, highlighting the drivers and barriers that characterise the Italian business community. 


Brembo N.V.’s participation in the Global Compact testifies to its long commitment to sustainability, which over the years has featured an increasing focus on numerous fronts and adherence to the 17 Sustainable Development Goals defined by the UN 2030 Agenda.


Sustainability is not an abstract concept for Brembo, but consists in daily concrete practices, designed to balance economic decisions against an assessment of their social and environmental impact in relation to the expectations of all Group stakeholders. It’s for this reason that this topic is integrated in the new company Purpose.


Brembo’s Purpose


Electrification, digitalisation, autonomous driving and environmental sustainability are macro-trends that have been at the centre of the automotive world and the strategies of the market’s main players for some years. 


Within this scenario, Brembo has been pursuing its mission of becoming a Solution Provider by proactively rising to the challenges posed by the ongoing transformation, focusing on the needs and desires of the new generations, which will be the users of tomorrow. 


Brembo continues to invest significantly in innovation, driven by its vision “Turning Energy into Inspiration”, which encourages the Group to extend its sphere of influence to embrace energy management in its broader meaning, not only in terms of components, but also in its role as authoritative systems provider. In addition to innovative hydraulic and mechanical components, innovation is also applied to software and artificial intelligence: this combination allows to aim at a high added-value product and service integration in order to anticipate the new mobility paradigms


At the heart of the Group's strategic vision there is also an overarching commitment to sustainability that has become a modus operandi within Brembo, permeating all activities, processes and products. This sustainability-driven approach is increasingly present also in the relationship with its People, with its supply chain and in the local areas in which the Group operates. 


In 2023, the Group continued to implement strategic projects within the three Pillars — Digital, Global and Cool Brand — through dedicated working groups that leverage a shared leadership and the cross-cutting competencies of all parties involved, engaging all Group Regions and outlining the growth direction for the forthcoming future.


Digital 


The world has entered the era of artificial intelligence applications focusing on data processing. The ability to analyse and manage data is a crucial skill for continuing to grow and create innovation. Accordingly, Brembo has set itself an ambitious goal: becoming a company that, alongside the production of braking systems, is able to develop and offer all-round solutions to its customers through the widespread dissemination of a solid data culture within the Group and an increasingly data-driven approach.


Global 


Brembo has long ago embarked upon its decentralisation path and has now become a Group operating in 15 countries worldwide. Within this context, the Global Pillar aims to balance the Group’s international footprint, not only from a commercial standpoint, but also in terms of technology and innovation, by developing and encouraging excellence at local level for the benefit of a global organisation whose mindset is based on multiculturality, valuing of diversity and inclusion.


Cool brand 


Brembo does not set limits on creativity and considers it essential to continuously engage in strengthening its brand, anchoring it to new trends that are reconfiguring mobility in line with the values and sensibilities of the new generations, especially Generation Z. The objective is thus to identify their passion, needs and tastes, and translate them into a unique brand experience able to generate tangible solutions. 


In 2023, the second edition of the Brembo Hackathon was successfully completed at the Brembo Inspiration Lab in Silicon Valley: participants immersed themselves in machine learning and artificial intelligence to revolutionise today’s braking technologies, going beyond the traditional innovation processes, in line with Brembo’s vision. ​​



                                                     

 
                                                                                                                                                                                                                                                         

 
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