Brembo S.p.A.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:2,195,728 tCO2e (Scope 1, 2, and 3)
Renewable Energy Share:75%
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- CO2 emissions per cast tonne decreased by 11.2% compared to 2022
- CO2 emissions per unit of finished product declined by 9.5% compared to 2022
- Use of electricity from renewable sources reached 75% of the total and 100% in three countries
Social Achievements
- Continued investment in talent development and an inclusive work environment
- Launched the Child Friendly Space project to support people affected by the earthquake in Turkey and Syria
- Served as System Partner to Bergamo-Brescia Italian Capital of Culture 2023
Governance Achievements
- Continued implementation of the Digital Transformation Program
- 100% of sites subject to audits for ISO 27001 certification received confirmation
- Implementation of the Sustainability Self-Assessment (SSA)
Climate Goals & Targets
Long-term Goals:
- Achieve Net Zero emissions by 2040
Medium-term Goals:
- Reduce greenhouse gas emissions by -42% by 2030
- Increase renewable electricity to +100% by 2030
- Increase recycled waste to ≥95% by 2030
Short-term Goals:
- Reduce indirect absolute emissions (market-based Scope 2) to -100% by 2030
- Increase renewable electricity to +70% by 2025
- Increase recycled waste to ≥90% by 2025
Environmental Challenges
- Global macroeconomic complexities including instability caused by the war in Ukraine and Israel, increased energy prices, and raw material procurement delays
- Increased raw material and energy prices resulting in inflationary pressure
- Energy crisis in Europe
- Global supply chain disruptions
Mitigation Strategies
- Strengthened commitment to monitoring the geopolitical situation
- Proactive measures including blocking Aftermarket product sales in Russia and Belarus
- Price hedging strategies and attentive supply management
- Mitigation measures for energy and raw material access
- Active involvement in REPowerEU agreement
- Collaboration with supply base, onshoring of supply arrangements, and constant dialogue with business partners
Supply Chain Management
Supplier Audits: 78.2% of the turnover of direct material relevant suppliers involved in social and environmental audits since 2015
Responsible Procurement
- Sustainable Procurement Policy
Climate-Related Risks & Opportunities
Physical Risks
- Acute atmospheric events
- Flood risk
- Water shortages
Transition Risks
- Spread of alternative mobility forms
- Higher costs due to Net Zero policies
- Implementation of externality taxation systems
Opportunities
- Increased share of electric vehicles
- Market appreciation of high environmental performance products
Reporting Standards
Frameworks Used: GRI Standards, TCFD
Certifications: ISO 14001, ISO 50001, ISO 27001, ISO 45001
Third-party Assurance: Deloitte & Touche S.p.A. (limited assurance on Non-Financial Information)
Sustainable Products & Innovation
- SENSIFY™ (intelligent braking system)
- Greenance (range of low environmental impact products)
Awards & Recognition
- CDP A- score for climate change and water resource management
- Various awards listed in section 1.5