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 a materiality analysis process to define the structure and contents of the Disclosure of Non-Financial Information, in order to identify the areas in which the Group’s 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 2018 Brembo involved representatives of the company’s top management in a process aimed at assessing and updating the materiality matrix. In line with the work carried out in 2017, the Group’s top management was asked to assess the relevance of the material aspects both in terms of how they represent Brembo, and how they interpret the stakeholders’ viewpoint, based on their own professional experience.​

The result of the material topics assessment activities described above is represented graphically in a diagram, indicated below, within which the 15 most significant topics are positioned along two axes:​

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

The 2018 Matrix was examined and approved by the Board of Directors on 17 December 2018, after examination by the Audit, Risk & Sustainability Committee in the meeting of 6 December 2018.​

The colours associated with each topic identify the related SDG.​


 

​Materiality Matrix​​

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​PRODUCT QUALITY AND SAFETY​ 

 

Innovation to improve the safety of all product components: mechanical strength, integration with advanced electronics, etc. Maximum safety guarantee for the brake systems marketed. Offering customers products with high-quality standards to ensure excellent performance, consistent with the target market segment (top-range vehicles).​


OCCUPATIONAL HEALTH AND SAFETY​ 


Promotion of working conditions that ensure full compliance with the right to health and the safeguarding of the physical wellbeing of employees through management systems that allow workplace accidents and occupational diseases to be prevented. Promotion of healthy and ergonomically-sound workplaces. Investment in infrastructure and training and in disseminating a safety culture.

BRAND VALUE AND REPUTATION​


Promotion of the Brembo brand’s distinctive features. ​

Protection of Group’s reputation and brand value.


PRODUCT AND PROCESS INNOVATION​ 


Constant process and product innovation to ensure an improvement in product quality, also in order to reduce environmental impacts. Capacity to grasp the opportunities that digitalisation offers for transforming production and logistic flow planning, supporting the customers’ need to be able to rely on an extremely flexible supply chain, able to meet requirements with “just in time” arrangements. ​


BREMBO PEOPLE DEVELOPMENT​


Performance management, through the regular appraisal of all staff and definition of structured and formalised career development paths. Retention and development of critical staff and related skills, planning of their succession. Programmes for managing skills and promotion of training/life- long learning. International mobility opportunities for Brembo People.


BUSINESS ETHICS 


Dissemination of and training on the Code of Ethics, the Anti- bribery Code of Conduct, the Antitrust Code of Conduct, the 231 Model and the Local Compliance Programmes. Controls on effective implementation of the Model according to Legislative Decree No. 231/2001, the Code of Ethics and other codes of conduct, effective management of violation reports and adoption of safeguards against retaliation. Internal and external mechanisms for reporting behaviours that are unethical, and do not conform to company standards or are illegal. Incentive systems that promote and recognise the commitment to manage one’s own responsibilities/activities with a view to ongoing improvement in business sustainability. ​


PRODUCT DESIGN AND STYLE​


Expression of product quality also by focusing on its design and aesthetics.​



PARTNERSHIP WITH CUSTOMERS AND CO-DESIGN​


Partnerships in the automotive supply chain for product innovation and development. Capacity to monitor market trends, reactivity in understanding the most promising innovations and quickly adapting its own offer to such developments. ​


SUPPLY CHAIN DEVELOPMENT


Propriety and integrity in all phases of the commercial relationship with suppliers, from their qualification to assignment of supplies up to payment and resolution of any dispute. Collaboration inside the supply chain through stable commercial relations, assistance with investment and reinforcement of management skills. ​



EFFECTIVE MANAGEMENT OF EMISSIONS IN THE ATMOSPHERE​


Control and reduction of climate-altering gas emissions generated by production processes. Use of technologies/systems to reduce greenhouse gas emissions. Purchase of energy from renewable sources and development of renewable energy plants. Efficiency in the logistics and reduction of greenhouse gas emissions. Reduction of other noxious emissions (e.g., nitrogen oxides - Nox, sulphur oxides - Sox, fine particulate matter - Pm10, volatile organic compounds, etc.). ​


ENERGY EFFICIENCY​


Reduction of direct and indirect energy consumption. Management of energy performance and energy policies. 

Investment in energy efficiency with a particular focus on innovation and the adoption of the best available technologies.​​


LOCAL AND GLOBAL DEVELOPMENT​


Globalisation strategy and implications for the areas of localization. Awareness of the Group’s role in developing a local ancillary industry in areas where it operates, contributing to the creation of infrastructures, employment, training and de-velopment of the local business fabric. Promotion of a local managerial class in the various geographical areas where the Group operates. Containment of the industrial site’s negative impacts, particularly on the environment and local ecosystems. ​


TALENT ATTRACTION AND PARTNERSHIP WITH UNIVERSITIES​


Capacity to attract and retain talents and key expertise within the Group also through relations with Universities.​


RESPONSIBLE USE OF WATER​


Reduction of water consumption in the production processes, also by reusing water in multiple processing cycles. Thorough monitoring of quantities of water drawn, consumed and recycled. Systematic analysis of water discharges re-entering the environment after industrial use. Adoption of product treatment technologies and plant that allow water to be replaced with dry alternatives. ​


EFFECTIVE WASTE MANAGEMENT​


Reduction of hazardous waste production and proper disposal/ recycling. 

Promotion of scrap reduction and recycling initiatives. ​

The materiality analysis carried out by the Group has led to the identification of the topic (within the 284 topics initially analysed), expressly required by Decree 254, “Promotion of diversity and equal opportunity”; although this topic has not been identified by Brembo’s top management as being one of the most material topics for the Group, it is reported in this Disclosure, since its social importance is recognised.​


The following topics have also been analysed, in addition to the 15 topics shown in the matrix: Benefits and work-life balance for all Brembo’s people; protecting trade union freedom and workers’ rights; promotion of diversity and equal opportunity; listening and strategic alignment of Brembo’s People; customer satisfaction; relationship with local communities and stakeholder engagement; product eco-innovation; Conflict Minerals; protection of soil against polluting leakage and substances; responsible selection of materials; due environmental and social diligence in relations with suppliers and business partners; collaboration with suppliers and promotion of supplier driven innovation; participation in system/sector initiatives.


 

 
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Brembo S.p.A. | P.IVA 00222620163

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