For more than 50 years, Brembo has contributed directly and indirectly to the economic development of the local areas and numerous communities around the world, which the Group has joined during its expansion at global level. This has stemmed from its willingness to keep strong geographical proximity to its reference markets and to its Customers’ production centres, where the vehicles and motorbikes fitted with the Group’s braking systems are manufactured.
In particular, the Group’s expansion to the different countries in the world has always been carried out taking into account the need to support the economic, social and employment growth of the territories, as well as the responsibility towards local communities.
In 2020, Brembo’s investment management policy, albeit in scaled-down form due to the lockdowns implemented in various countries to combat the effects of the Covid-19 pandemic, continued in line with the guidelines followed to date, with the aim of strengthening the Group’s presence not only in Italy, but also internationally. The Group’s strategy was confirmed in 2020 as well, despite the difficulties due to the pandemic.
Contribution to developing the local intellectual capital
Investments and work opportunities created in local communities are not the only positive effects generated by Brembo in the areas in question. Indeed, the Group deems it even more important to foster the growth of the districts’ intellectual capital by offering its know-how as a resource for promoting local development through training and partnerships with various research and education institutions.
Out of the main initiatives that demonstrate Brembo’s key role in creating and promoting knowledge and innovation on a local level, the most significant are:
• The development of the innovation hub Kilometro Rosso, established on the outskirts of Bergamo, where Brembo has its roots, this district acts as a catalyst for various areas of excellence in the field of research, high-tech production and services for innovation in various sectors and areas of specialisation.
• Accademia del Freno (Brake Academy) at the Polytechnic University, a technical and scientific advanced education initiative specialising in braking systems which seeks to complement the academic curriculum of Milan Polytechnic’s engineering student.
• The support to local technological institutions, important for Brembo to develop a relationship with future generations from secondary schools onwards, so as to guide and introduce the best talents to the mechanics industry.