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.
