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Source: Brembo announcement
STEZZANO, Italy — 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.
The global leader in braking system is shown as one of a small number of companies that achieved a double “A” out of nearly 12,000 businesses that were scored based on data submitted through CDP’s questionnaires in 2021.
Through significant demonstrable action on climate change and water security risks, Brembo is leading on corporate environmental ambition, action and transparency worldwide.
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Forest of 14,000 Trees Planted by Brembo
CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency.
In 2021, more than 590 investors with more than $110 trillion in assets and 200 major purchasers with $5.5 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. A record-breaking 13,000 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 do not disclose or provided insufficient information are marked with an F.
Brembo has a strong sustainability culture which translates into a commitment across all ESG areas. The Group has cut its CO2 emissions by almost 45 percent over the past five years (2015-2020) and increased its energy supply from renewable sources which represent 43 percent of the total, up from last year’s 30 percent.
Such efforts are part of Brembo’s broad action to support the United Nation’s 17 Sustainable Development Goals since 2018 when the Company endorsed the 2030 Agenda. Projects to further strengthen Brembo’s commitment to the environment continued also in 2021, as this year Brembo decided to plant a forest of more than 14,000 trees in Kenya to celebrate its 60th anniversary, donating each tree to every Group’s employee.
Paul Simpson, CEO of CDP, said: “Many 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, even more so in the year of COP26 and the IPCC’s Sixth Assessment Report.
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“The scale of the risk to businesses from climate change, water insecurity and deforestation can no longer be ignored, and we know the opportunities of action far outweigh the risks of inaction.
“Leadership from the private sector is essential for securing global ambitions for a net-zero, nature positive and equitable world. Our A List celebrates those companies who are preparing themselves to excel in the economy of the future by taking action today.”
