Materiality

The aspects involved in measuring the capacity to create sustainable value

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Materiality Analysis Process​​


The definition of the topics that are relevant for its stakeholders is very important for Brembo to identify the contents of this Disclosure and direct its sustainability strategy. In such regard, the Group has adopted GRI Standards of materiality, inclusiveness, sustainability context and completeness in order to ensure to all its stakeholders a proper understanding of its activities, objectives, results and related impacts on the context in which the Group operates. For this reason, the Group carries out each year the 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 2020, Brembo involved representatives of the company’s top management in a process aimed at assessing and updating the materiality matrix. In line with last year, the potential new topics were identified by considering various sources: the issues reported in 2019, the subjects that emerged from interviews of top managers and members of the CSR Meeting (formerly CSR Steering Committee), and benchmarking activities. Moreover, considering this particular year, which was characterised by the Covid-19 crisis, in their assessments the interviewees sought to identify the impacts of the virus regarding material issues and which type of stakeholder it is important for the Group to work on, launching projects targeted at tackling the identified impacts. 


The categories into which the topics are divided are the same as in 2019: ‘Environment’, ‘Customers and Products’, ‘Suppliers and Local Communities’, ‘Human Resources Management’ and ‘Other Topics’. It bears emphasising, once again, that the aspects relating to governance, legal compliance and economic performance associated with the creation of economic value are considered prerequisites in the materiality analysis and will therefore be explicitly presented in the sustainability report, but will not be subject to specific assessment and inclusion in the Materiality Matrix. 


When formulating the 2020 Materiality Matrix, the 17 material topics identified in the interviews were then rated by the CSR Meeting and external stakeholders. The CSR Meeting stakeholder group comprised the Chief CSR Officer, the Chief Executive Officer and 9 managers, who evaluated the materiality of the topics by completing an online questionnaire and expressing their opinions, both by taking Brembo’s perspective and interpreting the views of the external stakeholders with whom they interface daily. Differently from the previous year, a wider sample of external stakeholders was directly involved. For the current reporting year, a stakeholder engagement process involving suppliers and customers, together with trade associations and insurance companies, as its main participants was launched. 


The combination of all evaluations received is illustrated in the 2020 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 matrix was reviewed and approved by the Board of Directors on 17 December 2020, following examination by the Audit, Risk & Sustainability Committee, in the meeting held on 10 December 2020. 


The matrix will be subject to constant updates to take account of rapid developments in the sector and international megatrends. 


In accordance with international best practice, Brembo has identified the links between the priorities defined in the materiality matrix and analysed their impact on each of the Global Agenda’s goals. The result of this activity can be observed clicking on the image of the Matrix below.


 

The Materiality Matrix​

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


Environmental impact ​​ ​ 

 

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. ​



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.​



Product 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.​



Development of a sustainable, 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.​



Creation of a positive work 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”.​



Individual 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.​


 

 

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

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