Reporting Standards

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​


Reporting Standards Applied​​​



The Consolidated Disclosure of Non-Financial Information of the Brembo Group contains information relating to environmental, social and employee matters, respect for human rights, anti-corruption and bribery matters, providing stakeholders with an accurate, thorough and transparent view of Brembo’s strategies, activities, performance and the Group’s results in its pursuit of economic growth and business development, while taking account of the expectations of the stakeholders involved and seeking constant improvement of the environmental and social impacts of its activities. 


This Disclosure, published annually, has been written in accordance with Italian Legislative Decree No. 254/2016 and in compliance with the Sustainability Reporting Standards published by the Global Reporting Initiative - GRI​ (Core Option). These Guidelines currently represent the most widespread and recognised standard on an international level regarding non-financial reporting. 


In the reporting process, with a view to continuous improvement and in response to stakeholder requirements, the Group has taken into account the indications contained in the “Measuring Stakeholder Capitalism: Towards Common Metrics and Consistent Reporting of Sustainable Value Creation” published in September 2020 by the Word Economic Forum and the indicators put forward by the SASB standards.


 


 

Reporting Process​



The preparation of the 2020 Consolidated Disclosure of Non-Financial Information is a real annual reporting process, subject to inspection, analysis and approval by several parties. In fact, the document is: 


• prepared by the Chief CSR Officer and the relevant work team, which coordinate and involve all the main company functions in the phase of collecting, analysing and consolidating data, with the task of checking and validating — each with regards to their respective area of competence — each information included in the NFI, using the new software implemented by the Group; 


• approved by the Board of Directors, which meets to approve the draft financial statements, after having been assessed by the CSR Meeting (former CSR Steering Committee) which, through the Chief CSR Officer, presents it to the Audit, Risk & Sustainability Committee and, insofar as it is competent, to the Supervisory Committee for its examination and assessment. Brembo’s Directors are responsible for ensuring that the NFI is written and published in accordance with current legislation. Once it has been approved by the governing body and within the terms provided for the presentation of the draft Financial Statements, the draft Consolidated Disclosure of Non-Financial Information made available to the auditors (Board of Statutory Auditors and Independent Auditors); 


• subject to limited audit by EY S.p.A.​ pursuant to the International Standard on Assurance Engagement (ISAE 3000 Revised); therefore the responsibility for the data and information lies solely with the Brembo Group managers; 


• made available to Shareholders and the public within the same terms and using the same methods provided for the presentation of the draft Financial Statements; 


• published on and downloadable from the corporate website.



 

Reporting Principles


The following principles have been taken into consideration in defining and reporting the contents of the Consolidated Disclosure of Non-Financial Information:


 

 ​​


 

GRI table of contents ‘in accordance’ – core option​

GRI ID​Disclosure ​​Page number or disclosure​​SDGs*
​GENERAL STANDARD DISCLOSURES (2016) ​ 
​ORGANIZATION PROFILE​ ​​​(2016)
102-1​Name of the organisation ​ 28​​​​​
102-2Activities, brands, products, and services ​ 24, 25, 32
102-3​​Location of headquarters​ 28​​
102-4​​​Location of operations​ 28-29
​102-5​Ownership and legal form​
28. 194​
Corporate Governance and Ownership Structure Report; Annual Report​
102-6​​Markets served  25, 30-31
102-7​​Scale of the organization 24, Annual Report​
102-8​Information on employees and other workers ​ 100, 106-108, 186-187 ​8, 10​
102-9​​Supply chain 20-21, 126 -127
102-10​​Significant changes to the organization and its supply chain ​ 194-195
102-11​​Precautionary principle or approach ​ 91-97
102-12​External initiatives ​The Group does not adopt any codes and principles that are external to the organisation. However, the Group follows the International Labour Standards set out in the fundamental conventions of the International Labour Organisation (ILO).​​
102-13​​Membership of associations ​
55-58​
​STRATEGY (2016)
​102-14​​Statement from senior decision-maker ​
67
102-15​​​​Key impacts, risks, and opportunities​​ 93-97, 197​
​ETHICS AND INTEGRITY​​​​​ (2016)
​102-1​6​​​Values, principles, standards, and norms of behaviour​ 93-97, 19716​
102-17​​Mechanisms for advice and concerns about ethics​
84-85, 88-89, 108​
​​GOVERNANCE (2016) ​ ​
​102-18​Governance structure 41-42, 70-81, 186, Corporate Governance and Ownership Structure Report​
​102-19Delegating authority ​41-42​16
​102-20​Executive-level responsibility for economic, environmental, and social topics 41-42​​​
​102-22​Composition of the highest governance body and its committees 70-71, 73, 75, 77, 79, 186,
Corporate Governance and Ownership Structure Report
5, 16​​
102-23Chair of the highest governance body ​ 75, 186, Corporate Governance and Ownership Structure Report​16
102-24Nominating and selecting the highest governance body ​ 73-75, Corporate Governance and Ownership Structure Report​
102-26​Role of highest governance body in setting purpose, values, and strategy ​ 70-71, 73
​102-27​Collective knowledge of highest governance body 78
102-28​Evaluating the highest governance body’s performance ​ 74, Corporate Governance and Ownership Structure Report​
102-30​​Effectiveness of risk management processes 73, 91-93
​102-31​Review of economic, environmental, and social topics 41, 70-71, 73
102-32​Highest governance body’s role in sustainability reporting ​ 41, 194
102-33​Communicating critical concerns ​ 41, 82-83, Corporate Governance and Ownership Structure Report​
​102-35Remuneration policies ​ 76-77​, Remuneration Paid Report​ ​
​STAKEHOLDER ENGAGEMENT​​​​​​ (2016)
​102-40​​List of stakeholders groups 50
102-41Collective bargaining agreements ​ 101​8
102-42Identifying and selecting stakeholders ​ 50
102-43Approach to stakeholder engagement ​ 51-54
102-44​Key topics and concerns raised ​ 51-54​
​REPORTING PRACTICE​​​​​​​ (2016)
​102-45​Entities included in the consolidated financial statements ​194, Annual Report ​
102-46Defining report content and topic Boundaries ​ 59-61, 196-197
102-47​List of material topics 60-64
102-48​Restatements of information ​Any changes to the information provided in previous documents have been duly identified in the text through related explanatory notes. ​
102-49​​Changes in reporting ​ No significant changes have been reported during the year​
102-50​​Reporting period 194
102-51​Date of most recent report​Consolidated Disclosure of Non Financial Information (in accordance with Legislative Decree No. 254/2016) was published on 2020 march 23rd​
102-52​Reporting cycle​ 194
102-53​Contact point for questions regarding the report ​ 195
102-54Claims of reporting in accordance with the GRI Standards ​ 194
102-55​GRI content index​ 198-206
102-56​External assurance 194, 209-211​
CATEGORY: ECONOMIC PERFORMANCE ​​ 
ASPECT: ECONOMIC PERFORMANCE (2016)
​​103-1, 103-2, 103-3 ​​Management approach 61-64, 172-174, 197
201-1Direct economic value generated and distributed​ 1738, 9​​
201-4 ​Financial assistance received from government ​​ 173-174 ​​​​
ASPECT: MARKET PRESENCE (2016) ​
​103-1, 103-2, 103-3 Management approach 61-64, 95, 106-109, 197
202-2​Proportion of senior management hired from the local community 108​​​8​​
ASPECT: PROCUREMENT PRACTICE (2016) ​
​103-1, 103-2, 103-3 ​Management approach 61-64, 126-127, 197
204-1Proportion of spending on local suppliers 1278​​
ASPECT: ANTI-CORRUPTION (2016) ​
103-1, 103-2, 103-3 ​Management approach 61-64, 82-83, 85, 87-89, 95, 197
205-2​Communication and training about anti-corruption policies and procedures​ 89, ​Corporate Governance and Ownership Structure Report​16​
205-3​Confirmed incidents of corruption and actions taken 89​​16
ASPECT: ANTI-COMPETITIVE BEHAVIOUR (2016) ​
103-1, 103-2, 103-3 ​​Management approach 61-64, 84, 197
206-1​Legal actions for anti-competitive behaviour, anti-trust, and monopoly practices ​ 84​16​​
​ASPECT:​ TAX (2019) ​ ​ ​ ​
103-1, 103-2, 103-3 ​​Management approach​ 61-64, 86, 90-91, 197
207-1​​Approach to tax​90-91​1, 10, 17​
​207-2​​Tax governance, control, and risk management​​90-91​1, 10, 17
207-3​​Stakeholder engagement and management of concerns related to tax​90-91​​​1, 10, 17​
207-4​​​​Country by Country Report​Section "Performance of Brembo Companies" included in the Directors' Report on Operations and Attachment 1 to the Separate Financial Statements 20201, 10, 17​​
CATEGORY: ​ENVIRONMENTAL PERFORMANCE ​​ 
ASPECT: ENERGY (2016) ​
103-1, 103-2, 103-3 ​​Management approach​ 61-64, 93-94, 156-162, 197
302-1​Energy consumption within the organisation​ 1627, 8, 12, 13 ​​
302-4​​Reduction of energy consumption 161​7, 8, 12, 13 ​
ASPECT: WATER AND EFFLUENTS (2018)
103-1, 103-2, 103-3 ​​Management approach​ 61-64, 93-94, 159165-168, 197
303-1Interactions with water as a shared resource ​ 165-166​​​6, 12​
303-2​Management of water discharge related impacts ​​ 165-166​​6
​303-3Water withdrawal ​​ 167​​6, 8, 12​
303-4​Water discharge ​​ 167​6
303-5​Water consumption ​​ 168​, Water storage does not have a significant impact in relation with the use of water resources ​6​​
​​ASPECT: EMISSIONS (2016) ​
103-1, 103-2, 103-3 General requirements about the management approach and its components​ 61-64, 93-94, 156-159, 162-165, 197
305-1​Direct (Scope 1) GHG emissions 164​3, 12, 13, 14, 15​
305-2Energy indirect (Scope 2) GHG emissions​ 164​​3, 12, 13, 14, 15
305-3​Other indirect (Scope 3) GHG emissions​ 164​​​3, 12, 13, 14, 15
305-5Reduction of GHG emissions 162-163​13, 14, 15​​
305-7​​Nitrogen oxides (NOX), sulphur oxides (SOX), and other significant air emissions​ 165​3, 12, 13, 14, 15​
ASPECT: EFFLUENTS AND WASTE (2016) ​
103-1, 103-2, 103-3 ​Management approach​ 61-64, 93-94, 159, 168-169, 197
306-2​Waste by type and disposal method ​ 169​3, 6, 11, 12​
306-3​​Significant spills 166​​3, 6, 11, 12, 14, 15​
ASPECT: ENVIRONMENTAL COMPLIANCE (2016) ​
103-1, 103-2, 103-3 ​Management approach​ 61-64, 88, ​93-94, 156-159, 197
307-1Non-compliance with environmental laws and regulations ​In 2020, Brembo received one pecuniary fine due to non-compliance with environmental laws and regulations for a total amount of €69,000.​16
ASPECT: SUPPLIER ENVIRONMENTAL ASSESSMENT (2016) ​​
103-1, 103-2, 103-3 ​Management approach​ 61-64, 94, ​126-131​, 197
308-1​New suppliers that were screened using environmental criteria ​ 126, 129-130​
CATEGORY: SOCIAL PERFORMANCE ​ ​​ 
ASPECT: EMPLOYMENT (2016) ​
​103-1, 103-2, 103-3 ​General requirements about the management approach and its components​ ​ 61-64, 95-96, 100-105, 197
401-1New employee hires and employee turnover ​ 101-102, 188 ​5, 8, 10​​
ASPECT: OCCUPATIONAL HEALTH AND SAFETY (2018)
​103-1, 103-2, 103-3 Management approach 18-19, 61-64, 85-86, 95, 114-118, 197
403-1​Occupational health and safety management system 114-116​​8
403-2​Hazard identification, risk assessment, and incident investigation 114-116​​​​3, 8​
​403-3Occupational health services ​ 120-121​​3, 8​​
​403-4Worker participation, consultation, and communication on occupational health and safety ​ 117-118​​8, 16​​
​403-5​Worker training on occupational health and safety 120-122​​​​8
​403-6​Promotion of worker health 118-122​​3​
403-7​​Prevention and mitigation of occupational health and safety impacts directly linked by business relationships 114, 128​​​​8
​403-8​Workers covered by an occupational health and safety management system 114-115 ​​​​​8
​​403-9Work-related injuries ​ 114-117, 189-192​​​3, 8, 16​
​403-10Work-related ill health ​​ 117, 190, 193​​​3, 8, 16​​
ASPECT: TRAINING AND EDUCATION (2016) ​
103-1, 103-2, 103-3 Management approach​ 61-64, 95, 109-112, 117-118, 197
404-1Average hours of training per year per employee ​ 1114, 5, 8, 10​
404-3Percentage of employees receiving regular performance and career development reviews ​ 113​​​5, 8, 10
​ ASPECT: DIVERSITY AND EQUAL OPPORTUNITY (2016) ​ ​
103-1, 103-2, 103-3 ​​Management approach 61-64, 80, 85, 106-109, 197​​
​405-1 Diversity of governance bodies and employees ​​ 70, 75, 107, 186​5, 8​​
ASPECT: NON-DISCRIMINATION (2016) ​
103-1, 103-2, 103-3 Management approach​ 61​-64, 85, 106-109, 197​​​
406-1Incidents of discrimination and corrective actions taken​ 108​​5, 8​​
ASPECT: HUMAN RIGHTS ASSESSMENT (2016) ​
103-1, 103-2, 103-3 ​Management approach 61-64, 88-89, 94-95, 110, 197​​​
412-2Employee training on human rights policies or procedures ​ 110​
ASPECT: SUPPLIER SOCIAL ASSESSMENT (2016) ​
103-1, 103-2, 103-3 Management approach​ 61​-64, 94, 126-131, 197
414-1​New suppliers that were screened using social criteria 129-130​5, 8, 16​
​​ASPECT: PUBLIC POLICY (2016) ​ ​
​​103-1, 103-2, 103-3 ​Management approach ​​ 61-64, 197​, Code of Ethics​
​415-1 ​Political contributions ​In 2020 Brembo did not issued political contribution​​​16
ASPECT: CUSTOMER HEALTH AND SAFETY (2016) ​
103-1, 103-2, 103-3 ​Management approach 61-64, 95-96, 147-151, 197​​
416-1​Assessment of the health and safety impacts of products and services categories ​ 148​16​​
ASPECT: CUSTOMER PRIVACY (2016) ​
103-1, 103-2, 103-3 ​Management approach 61-64, 84, 94-95, 197​​
418-1Substantiated complaints regarding breaches of customer privacy and losses of customer data ​ 84​​16​
MATERIAL TOPICS THAT ARE NOT COVERED BY GRI INDICATORS ​ ​ ​
​MATERIAL TOPIC: CARBON NEUTRAL MOBILITY ​ ​ ​
​103-1, 103-2, 103-3 ​Management approach ​​61-64, 96, 138-139, 197
MATERIAL TOPIC: PRODUCT DESIGN AND STYLE ​
103-1, 103-2, 103-3 ​Management approach​​ 61-64, 141-143, 152-153​, 197​​​
​​​​​​​

* Linking the SDGs and the GRI Standards – Edition september 2020​


 

​SASB and WEF​

​​​​

​   SASB - Auto parts
Topic​​ SASB ID​ Disclosure​ Page number or disclosure​​
Energy Management​​​TR-AP-130a1​ (1) Total energy consumed,
(2) percentage grid electricity,
(3) percentage renewable​

162
Waste Management​​TR-AP-150a.1​(1) Total amount of waste from manufacturing,
(2) percentage hazardous,
(3) percentage recycled

169
​   WEF Measuring Stakeholder Capitalism - Core metrics​
Topic​​
Disclosure​​ Page number or disclosure​​​​​​

Quality of governing body​


Board composition​

73-76


Ethical behaviour​

Anti-corruption​​ 82, 87-89, 95

Protected ethics advice and reporting mechanism​ 88-89, 108
Risk and opportunity oversight​
Integrating risk and opportunity into business process ​ 84-85, 88-89, 108

Climate change​​

 ​ Greenhouse gas (GHG) emissions​ 164​​
​ ​ TFCD implementation​​94, 156-157
​​Freshwater availability​​
Water consumption and withdrawal in water-stressed areas​ 167​​
​Dignity and equality​
Diversity and inclusion (%)​
70, 80, 107, 186​​
Community and social vitality​
Total tax paid​
90-91, Section "Performance of Brembo Companies" included in the Directors' Report on Operations​


​​​Employment and wealth generation​



Absolute number and rate of employment​
101-102, 188​​

Economic contribution​
173

Financial investment contribution​
174​




​​​

​​​

​​

Brembo S.p.A. | P.IVA 00222620163

Follow us

Follow us on FacebookTwitterYouTubeLinkedInPinterestInstagramYoukuWeibosnapchat.pngVKwechat.pngTikTok