Source: Brembo announcement
STEZZANO, Italy – Brembo has been recognized for leadership in corporate transparency and performance on climate change and water security by global environmental non-profit CDP, securing a place on its annual ‘A List’.
Based on data reported through CDP’s 2022 Climate Change and Water Security questionnaires, Brembo is one of a small number of companies that achieved a double ‘A’, out of more than 10,000 companies scored.
Brembo Introduces Its New Greenance Brake Pads
CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. In 2022, over 680 investors with more than $130 trillion in assets and 280 major purchasers with $6.4 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. A record-breaking 18,700 companies responded.
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 scored an F.
Cristina Bombassei, Brembo Chief CSR Officer and Board Member, said: “Environmental, social and governance topics have always been an integral part of our global business strategy. We believe that they are enabling factors for the growth not only of our Group, but also of the whole economy. This year is the fifth consecutive time that Brembo receives CDP’s double ‘A’ recognition and for us it’s always a source of great satisfaction that has been possible thanks to our continuous commitment. It represents a real motivation to keep our course towards a true sustainable future, one in which we should all feel called to a collective effort to ensure ESG topics are ultimately factored into every key decision impacting on our society.”
As part of Brembo’s strategy, the Group is focused on developing greener solutions. Following this commitment, this year Brembo unveiled its Greenance Kit Concept. This new range of special alloy discs and dedicated brake pads aims to combine top braking performance with a lower environmental impact.
On the operations side, Brembo has cut the CO2 emissions of its offices and plants by 29 percent compared to 2019 and increased its energy supply from renewable sources which represent 53 percent of the total, up from last year’s 43 percent. Such efforts are part of Brembo’s broad action to support the UN’s 17 Sustainable Development Goals since 2018 when the Company endorsed the 2030 Agenda.
Maxfield Weiss, Executive Director, CDP Europe said, “CDP saw nearly 20,000 companies disclose environmental data this year, including 70% of European companies by market value. COP27 showed the need for transformational change is more critical than ever if we are to limit warming to 1.5 °C. I’m therefore delighted that European companies make up nearly half of all A List companies around the world, including 15 with two A scores and 8 with triple A scores for climate change, forests, and water security leadership. We must cut emissions by half and eliminate deforestation by 2030, alongside achieving water security on the same timescale – there is no route to 1.5°C without nature. With the EU’s ground-breaking new reporting regulation, the CSRD, now agreed, CDP A List companies are showing they are ahead of the game – taking clear action to reduce emissions and to address environmental impacts throughout their value chains. This is the type of environmental transparency and action we need economy-wide to prevent ecological collapse’’.