LONDON – Brembo was recognized for its sustainable management of water resources and for its actions to cut emissions, mitigate climate risks and develop the low-carbon economy, based on the data submitted by the company through CDP’s 2019 climate change and water security questionnaire. Brembo is one of a small number of high-performing companies out of thousands that were scored.
CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. In 2019, over 525 investors with more than $96 trillion in assets and 125 major purchasers with $3.6 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform and over 8,400 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 provide insufficient information are marked with an F.
Cristina Bombassei, Brembo Chief CSR Officer and Board Member, said: “Being part of the Water Security and Climate Change A Lists is a prestigious acknowledgment of Brembo’s commitment to more sustainable water and climate management. This recognition rewards the Group’s concrete commitment to developing a more sustainable industry and improving collective wellbeing.”
Paul Simpson, CEO of CDP, said: “Congratulations to the companies that achieved a position on CDP’s A List this year, for leading in environmental performance and transparency. The scale of the business risks from the climate emergency, deforestation and water insecurity are vast – as are the opportunities from addressing them – and it’s clear the private sector has a vital role to play at this critical time. The A List companies are leading the market in corporate sustainability, tackling environmental risks and setting themselves up to thrive in tomorrow’s economy.”
The Water Security A List, as well as the Climate Change A List are published by CDP each year, alongside the A Lists for leadership on protecting forests.
The full list of companies that made this year’s CDP Water Security A List and Climate Change A List are available here, along with other publicly available company scores: