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 of Non-Financial Information 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 promoted by 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 Group activities may have the greatest impact on natural ecosystems, as well as on the wellbeing of the community, individuals and all of the Group's stakeholders. 


In 2021, Brembo involved representatives of the company’s top managers in a process aimed at assessing and updating the materiality matrix. Consistent with last year, the potential new topics were identified by considering various sources: the issues reported in the previous two-year period, the subjects that emerged from interviews of top managers and members of the CSR Committee and benchmarking activities. In addition, in line with 2020, considering the continuing Covid-19 emergency, the interviewees tried to identify, in their assessment, the impacts generated by the emergency virus situation on material topics and to identify the areas on which Brembo should focus to address the identified impacts. 


The categories into which the topics are divided are the same as in 2020: ‘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. 


In order to define the 2021 Materiality Matrix, the positioning of the 17 material topics that emerged for the first time from the interviews carried out in 2019 was reconsidered. 


Internally, the Board of Directors, the Board of Statutory Auditors and the CSR Committee of the Group evaluated the materiality of the topics by completing an online questionnaire 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. In 2020, in fact, a stakeholder engagement process was conducted that saw suppliers, customers together with trade associations and insurance companies as the main subjects involved. In 2021, the analysis was extended to include the category of investors, by involving the main both Italian and foreign investment companies.


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


The matrix includes the 17 most material topics for Brembo and its Stakeholders, 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 2021 following examination by the Audit, Risk & Sustainability Committee, in the meeting held on 9 December 2021. 


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 risks in this area 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 a well as in 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 communities 


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. 


 

 

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

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