Reporting Standars

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Reporing Standards Applied​​​


This Consolidated Disclosure of Non-Financial Information for 2018, in accordance with Legislative Decree No.254/2016, of the Brembo Group is intended to provide an accurate, thorough and transparent view of the Group’s strategies, actions and 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 therefore contains a description of the company’s business model, information on the policiesapplied concerning the aspects mentioned by the Decree and those considered to be important for Brembo, the results arising from such policies, the main risks connected to such aspects and the related risk​ management policies.


 

The information was selected based on the process of materiality analysis in accordance with the Sustainability Reporting Standards published in 2016 by the Global Reporting Initiative (GRI) (Core Option) adopted as the standard of reference for the preparation of this document.


 

brembo-csr-sostenibilità-2018 INGL.jpg​ 

 

Reporting Process​


The preparation of the 2018 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 Consolidated Disclosure of Non-Financial Information;


 

•​ approved by the Board of Directors, which meets to approve the draft budget, after it has been assessed by the CSR Steering Committee which, through the Chief CSR Officer, presents it to the Risk Control and 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 Consolidated Disclosure of Non-Financial Information 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 Consolidated Financial Statements, the draft Consolidated Disclosure of Non-Financial Information is made available to the auditors (Board of Statutory Auditors and Independent Auditors); 


 

• ​submitted for auditing by Ernst & Young, meaning that 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 Consolidated 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 on Non-Financial Information:


 

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

GRI ID​Indicator description​​Page number or disclosure​
GENERAL STANDARD DISCLOSURES ​ 
​ORGANIZATION PROFILE​ ​​​
102-1​Name of the organisation ​​​7​​​​​
102-2Main activities, brands, products and/or services​ 1320​
102-3​Location of headquarters​ 16​​
102-4​​​Location of operations​ 16 - 17
102-5​Ownership and legal form​
22, Corporate Governance and Ownership Structure Report;
Annual Report
102-6​​Markets served (including geographic locations, ​sectors, types of customers and beneficiaries)​ 13, 18 - 19​
102-7​​Scale of the organization​ 12, Annual Report​
102-8​​Number of employees by employment contract, region and gender​ 72, 7678, 149, 150​
102-9​​Supply chain description (activities, products, number of suppliers, suppliers by geographical area, monetary value of supplies) 94 - 95​
102-10​​Significant changes to the Group's size, structure, ownership, or supply chain in the reporting periodNo significant changes have been reported​
102-11​​Application process of the precautionary principle or approach 64 - 66
102-12​​Endorsement of externally-developed economic, social and environmental codes and principlesThe 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 national or international advocacy association and organisations​​
38 - 41
​STRATEGY
​102-14​​Statement from the Chairman and the CEO
4 - 5​
102-15​​​​Key impacts, risks, and opportunities​​ 6668, 102,110-111​
​ETHICS AND INTEGRITY​​​​​
​102-16​​​Values, principles, standards, codes of conduct and codes of ethics 28,58 - 61​
102-17​​Description of mechanisms for reporting about non-ethical and unlawful behaviour​
GOVERNANCE​​​​​​
​102-18​​Governance structure, including committees of the highest governance body. Other committees responsible for decision-making on environmental and social topics. ​
26 - 27, 5257, 148, Corporate Governance and Ownership Structure Report​
102-19​​The process for delegating authority for economic, environmental, and social topics 26 - 27​
102-20​​Individuals or bodies with responsibility for economic, environmental, and social topics, and the processes for reporting directly to the highest governance body 2627​​
102-22​Composition of the highest governance body and its committees​ 55, 56, 148, Corporate Governance and Ownership Structure Report
102-23​Indication on whether the Chairman of the highest governance body is also an executive officer 55, 148, Corporate Governance and Ownership Structure Report
102-24​​Nomination and selection processes for the highest governance body 53 - 54, Corporate Governance and Ownership Structure Report
102-26​Highest governance body's role in the development of economic, environmental and social strategies 53
102-27​Development of collective knowledge of economic, environmental, and social topics of the Group 55​
102-30​Highest governance body's role in reviewing the effectiveness of the risk management system for economic, environmental, and social topics 64 - 65​
102-31​​Frequency of the highest governance body's review of the effectiveness of the risk management system for economic, environmental, and social topics. 53
102-32​Highest governance body's role in sustainability reporting 7, 26 - 27, 156​​
102-35​Remuneration policies​ 53​​​
​STAKEHOLDER ENGAGEMENT​​​​​​
​102-40​​List of stakeholders engaged 34
102-41​Percentage of employees covered by collective bargaining agreements 72
102-42Process for identifying and selecting stakeholders with whom to engage​ 34​
102-43Approach to stakeholder engagement 3537​
102-44​Key topics and concerns that have been raised through stakeholder engagement and ensuing actions​ 3537, 108 - 109​​​​
​REPORTING PRACTICE​​​​​​​
​102-45​List of entities included in the consolidated financial statements and entities not included in the sustainability report​ 156
102-46​Process for defining report content 42 - 43
102-47​Material topics identified​ 43 - 47​
102-48​​Explanation of the effects of any restatements of information given in previous reports, and the reasons for such restatementsAny changes to the information provided in previous documents have been duly identified in the text through related explanatory notes.
102-49​​Significant changes compared to previous reportNo significant changes have been reported during the year​
102-50​​Reporting period 7, 156​
102-51​Date of most recent report​ 7, 156

2017 Consolidated Disclosure of Non- Financial Information (in accordance with Legislative Decree No. 254/2016) was published on 20 March 2018​
102-52​Reporting cycle​ 156​
102-53​Contact point and details for information regarding the report 7​
102-54​Claims of reporting in accordance with the GRI Standards​ 7, 156
102-55​GRI content index​ 159 - 163​
102-56​Report external assurance 164 - 167​
ECONOMIC PERFORMANCE ​​ 
ECONOMIC PERFORMANCE ​​ 
​​103-1, 103-2, 103-3 ​​Management approach 44-47, 136 - 139
201-1Direct economic value generated and distributed​ 137​
MARKET PRESENCE ​​ 
​103-1, 103-2, 103-3 Management approach 44 - 47, 76​ - 77​
202-2​Proportion of senior management hired from the local community 77
PROCUREMENT PRACTICES
​103-1, 103-2, 103-3 ​Management approach 44 - 47, 94, 95
204-1Proportion of spending on local suppliers 9, 92, 95​
ANTI-CORRUPTION
103-1, 103-2, 103-3 ​Management approach 44 - 47, 58 - 59, 63​
205-2​Communication and training about anti-corruption policies and procedures​ 63, Corporate Governance and Ownership Structure Report
205-3​Confirmed incidents of corruption and actions taken 63​
ANTI-COMPETITIVE BEHAVIOUR
103-1, 103-2, 103-3 ​​Management approach 44 - 47, 59​
206-1​​Total number of legal actions for anti-competitive behaviour, anti-trust, and monopoly practices​ 59​
ENVIRONMENTAL PERFORMANCE ​​ 
ENERGY​​
103-1, 103-2, 103-3 ​​Management approach​ 44 - 47, 120 - 126​
302-1​Energy consumption within the organisation​ 125​
302-4​​Reduction of energy consumption 124​​
WATER
103-1, 103-2, 103-3 ​​Management approach​ 44 - 47, 120122​, 130 - 131​
303-1Water withdrawal by supply source 130 - 131​​
EMISSIONS​​​​
103-1, 103-2, 103-3 General requirements about the management approach and its components 44 - 47, 120122, 126 - 129
305-1​Direct (Scope 1) GHG emissions 126, 127
305-2Energy indirect (Scope 2) GHG emissions​ 126, 127​
305-3​Other indirect (Scope 3) GHG emissions​ 126, 127​
305-5Reduction of GHG emissions 124, 126, 128​
305-7​​Nitrogen oxides (NOX), sulphur oxides (SOX), and other significant air emissions​ 129
EFFLUENTS AND WASTE
103-1, 103-2, 103-3 ​Management approach​ 44 - 47, 120 122, 130132​
306-2​Total weight of waste generated by type and disposal method​ 132​
306-3​​Significant spills 131​​
ENVIRONMENTAL COMPLIANCE
103-1, 103-2, 103-3 ​Management approach​ 44 - 47, 61, 120 - 122​
307-1​Non-compliance with environmental laws and regulationsIn 2018, Brembo did not receive any pecuniary fine due to non-compliance with environmental laws and regulations
SUPPLIER ENVIRONMENTAL ASSESSMENT​
103-1, 103-2, 103-3 ​Management approach​ 44 - 47, 95 - 98
308-1​Percentage of new suppliers that were screened using environmental criteria 9, 92, 97​
SOCIAL PERFORMANCE ​ ​​ 
EMPLOYEMENT​​
​103-1, 103-2, 103-3 ​General requirements about the management approach and its components​ 44 - 47, 72 - 75​
401-1​Total number and rate of new employee and of employee turnover​ 7274, 151
OCCUPATIONAL HEALTH AND SAFETY​​​
​103-1, 103-2, 103-3 Management approach 44 - 47, 61, 84 - 90
403-1​Percentage of workers represented in formal joint management worker health and safety committees​ 84
403-2​Types of injury and rates of injury, occupational diseases, lost days, and absenteeism, and number of work-related fatalities by region and gender 85, 152 - 155​​
TRAINING AND EDUCATION​​​
103-1, 103-2, 103-3 Management approach​ 44 - 47, 8083, 86 - 87​
404-1Average hours of training per employee by gender and employee category 81
404-3Percentage of employees receiving regular performance and career development reviews, by gender and employee category 83​
NON-DISCRIMINATION
103-1, 103-2, 103-3 Management approach​ 44 - 47, 60, 77 - 78
406-1Incidents of discrimination and corrective actions taken​ 78
HUMAN RIGHTS ASSESSMENT​​​​
103-1, 103-2, 103-3 ​Management approach 44 - 47, 62, 63, 80
412-2Employee training on human rights 80​
SUPPLIER SOCIAL ASSESSMENT​​​​
103-1, 103-2, 103-3 Management approach​ 44 - 47, 95 - 98​
414-1​Percentage of new suppliers that were screened using social criteria 9, 92, 97​
CUSTOMER HEALTH AND SAFETY​​​​
103-1, 103-2, 103-3 ​Management approach 44 - 47, 113 - 116
416-1​Assessment of the health and safety impacts of products and services 113
CUSTOMER PRIVACY​​​​
103-1, 103-2, 103-3 ​Management approach 44 - 47, 60​
418-1Number of substantiated complaints received concerning breaches of customer privacy and loss of customer data 60​
PRODUCT DESIGN AND STYLE​​​​​
103-1, 103-2, 103-3 ​Management approach​​ 44 - ​ 47, 102 - 107​​​
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Brembo S.p.A. | P.IVA 00222620163

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