Materiality

The aspects involved in measuring the capacity to create sustainable value

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Materiality analysis process​​


Brembo is aware of how important it is to identify the topics that are relevant for its stakeholders and to choose the contents of this Disclosure to provide an understanding of the activities carried out by the Group, its performance, its results and the impact produced by them, also considering the principles of the GRI Standards​ of materiality, inclusiveness, sustainability context and completeness. For this reason, the Group carries out an annual materiality analysis process in order to identify the areas in which its activities may have the greatest impact on natural ecosystems, as well as on the wellbeing of the community, individuals and all of its stakeholders. 


In 2019, Brembo involved representatives of the company’s top management in a process aimed at assessing and updating the materiality matrix. Among the 40 new topics identified, 17 more relevant material topics for the Group were selected and evaluated by stakeholders and the company’s top management for the 2019 materiality analysis. 


Compared to last year’s efforts, external stakeholders were involved directly. For the current year, stakeholders engagement process was performed on suppliers and customers. 


The combination of all evaluations received is illustrated in the 2019 Materiality Matrix, the basis for reporting valid for the three-year period 2019-2021. 


The matrix includes the 17 most significant topics, considered by Brembo and its stakeholder, which are placed along two axes: ​ 


​►​ the abscissa axis reflects the materiality of the Topics for Brembo; ​​
​►
​​ the ordinate axis reflects the materiality of the Topics for the Group’s main stakeholders.

The 2019 Matrix was reviewed and approved by the Board of Directors, following examination by the Audit, Risk & Sustainability Committee.  

The different colours of the Topics identify the stakeholder category most influenced by the various sustainability aspects. ​


 

The Materiality Matrix​

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A description is provided below in the interest of a better understanding of the 17 topics: ​


Environmental Footprint ​ ​ 

 

Taking concrete actions for continuous improvement of the Group’s environmental profile through attentive management of environmental risks and adoption of increasingly structured and effective environmental management systems.​


Energy efficiency ​


Seeking a constant reduction of direct and indirect energy consumption and making investments in adopting the best available technologies in terms of energy efficiency. ​



Climate change​ 

 

Becoming a leading company in terms of commitment and ability to respond to climate change, through attentive monitoring and reduction of emissions of climate-altering gases generated by production processes and throughout the value chain.​



Responsible water use​


Promoting the reduction of water consumption in production processes by thoroughly monitoring the quantities of water withdrawn, consumed and recycled, and by developing solutions for the reuse of water in process cycles. ​



Circular Economy​


Seeking to reuse and exploit waste materials, maximising recovery and minimising waste disposal and natural resource and energy consumption from the product design phase.​



Carbon neutral mobility​ 


​Investing in the development of innovative brake systems designed to guide and support the process of electrification and decarbonisation of the automotive sector.

Customer relationship management​ 

 

Placing customers at the heart of the Group’s decisions to understand and anticipate their present and future needs and to respond and promote the joint development of innovative new solutions in technological areas that have yet to be explored. Safeguarding the relationship of trust created with the customer, putting in place all the organisational safeguards required in terms of transparency and protection of privacy. ​



Continuous innovation​


Constant process and product innovation to ensure improvements in product quality, also with a view to reducing environmental impact.​



Product quality and safety​


Improving the safety of products, in all their components, each day to offer customers and end users a guarantee of the maximum safety of the brake systems marketed. ​



Design and style​


Focusing on product quality in terms of form and aesthetics as well to be a pioneering Group in design and not just technology.​



Sustainable and responsible supply chain​


Responsibly managing relations with suppliers, promoting the integration of sustainability criteria into selection and qualification processes and forming partnerships for the joint development of new products.​



Relationship with local community​


Promoting the growth of related local industry in the areas in which the Group has an operational presence, thus contributing to the creation of infrastructure, jobs, training and development of the local business community. ​ ​



Diversity​


Sustaining and promoting diversity, in all of its forms and manifestations, in order to create an increasingly inclusive working environment, in which each person’s perspective, voice, individuality and specific traits matter.​



Fostering a positive working environment​​


Creating a positive working environment that increases the sense of membership and motivation of those who work for Brembo, while also consolidating Brembo’s image as one of the “Best Places to Work”.​



People development and engagement​


Providing Brembo’s people with concrete personal and professional development opportunities by constantly monitoring their expectations and periodically honing their skills.​



Health and safety​


Promoting working conditions that ensure compliance with the health and physical wellbeing of employees through management systems that allow workplace accidents and occupational diseases to be prevented.​



Brand reputation​​


Guaranteeing Brembo brand’s distinctive features and protecting Group’s reputation and brand value through a business approach respectful of principles of ethics and transparency.​


 

 

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

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