Materiality Analysis Process
As every year, the Brembo Group has updated its
materiality analysis — the tool used to identify its
material sustainability topics — and therefore aligned the
content of its Disclosure of Non-Financial Information, instrumental to providing an overview of the Company’s operations, performance, results and, above all, future
strategies and targets. These topics are also
material aspects for Brembo’s stakeholders and are identified and constantly updated, including with its stakeholders’ direct engagement.
In 2022, in advance of the requirements imposed by the new European Directive 2022/2464 (the Corporate Sustainability Reporting Directive), Brembo began the
double materiality process, also integrating an "outside-in" perspective (financial materiality) into its "inside-out" impact assessment process (impact materiality) according to the
GRI Universal Standards2021. Whereas the "inside-out" approach identifies the impacts generated, actually or potentially, by the organisation and its value chain on the outside world, the "outside-in" perspective looks at the risks and opportunities that may influence the Group's creation of value, strategy, operating and financial performance and positioning in the short, medium or long term.
For 2023, the assessment of the "outside-in" perspective (financial materiality) was conducted on the basis of the
European Sustainability Reporting Standards (ESRSs) made available by the
EFRAG, i.e. the reporting standard that is to be used by companies subject to the Corporate Sustainability Reporting Directive. This assessment is thus to be regarded as fully voluntary and not subject to assurance by the third-party entity that certifies this Disclosure of Non-Financial Information according to the ISAE 3000 Revised standard.
