Brembo has been recognized for leadership in corporate sustainability by global environmental non-profit CDP, securing a place on its prestigious ‘A List’ for tackling climate change, as well as acting to protect water security – two of the three environmental themes covered by CDP.
The global leader in braking systems is shown as one of a small number of companies that achieved a double “A,” out of more than 5,800 businesses that were scored based on data submitted through CDP’s questionnaires in 2020.
Through significant demonstrable action on climate change and water security risks, Brembo is leading on corporate environmental ambition, action and transparency worldwide.
CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. In 2020, more than 515 investors with over US $106 trillion in assets and 150-plus major purchasers with US $4 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. More than 9,600 responded – the highest ever.
A detailed and independent methodology is used by CDP to assess these companies, allocating a score of A to D- based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets. Those that don’t disclose or provided insufficient information are marked with an F.
Cristina Bombassei, Brembo Chief CSR Officer and board member, said, “I’m particularly proud that, for the third time in a row, Brembo has been recognized by CDP for its work toward sustainability. Being part of the ‘A List’ is the result of our strong commitment to the environment and motivates us to do more. We are taking additional actions that tackle our footprint with an ambitious goal to reach carbon neutrality by 2040.”
Sustainability is part of Brembo’s DNA and over the years the company’s efforts have progressively improved and expanded to face the growing climate challenges.
In 2018, Brembo decided to endorse the UN’s 2030 Agenda and its 17 Sustainable Development Goals (SDGs), launching projects to reduce water and plastic consumption, increasing energy efficiency and the use of energy from renewable sources.
All Brembo’s plants worldwide are ISO 14001 environmentally certified. In 2019, the company reduced its CO2 emissions by almost 11% compared to the previous year and increased its energy supply from renewable sources, which now represent 30% of the total.
Brembo also is involving its nearly 11,000 employees to foster sustainable actions, thanks to initiatives supporting the SDGs and by delivering over 3.650 hours of training on environmental management.
Paul Simpson, CEO of CDP, said, “We extend our congratulations to all the companies on this year’s A List. Taking the lead on environmental transparency and action is one of the most important steps businesses can make, and is even more impressive in this challenging year marked by COVID-19. The scale of the risk to businesses from climate change, deforestation and water insecurity is enormous, and we know the opportunities of action far outweigh the risks of inaction. Leadership from the private sector will create an ‘ambition loop’ for greater government action and ensure that global ambitions for a net zero sustainable economy become a reality. Our A List celebrates those companies who are preparing themselves to excel in the economy of the future by taking action today.”
The full list of companies that made this year’s CDP A List is available here, along with other publicly available company scores: https://www.cdp.net/en/companies/ companies-scores.
