At the core of our Company’s Governance is a deep commitment to sustainability. We strive to integrate environmental, social, and economic responsibility into every aspect of our operations. We believe in creating long-term value not only for our business but also for society and the planet. Our dedication to sustainability is reflected in the way we operate, ensuring that every decision we make supports a future that is prosperous, fair, and environmentally sound.
Highlights
Attendees to business integrity related training courses (9)
%
Members of the BoD with ESG-related skills
%
Board’s gender diversity ratio (10)
%
ISO 27001 certified sites (11)
Annual meetings of the Audit, Risk & Sustainability Committee
(9) In calculating the number of people trained on business ethics, a person is counted multiple times if they receive training on different topics. Business ethics include topics detailed in Code of Ethics, antibribery, 231 compliance o local compliance to prevent corporate criminal liability, GDPR, antitrust etc
(10) The Board’s gender diversity is calculated as: (Total number of female members / Total number of male members)*100.
(11) The ISO 27001 certified sites are the Italian sites of Brembo N.V. (Curno, Mapello and Stezzano), La. CAM. S.r.l., Brembo SGL Carbon Ceramic Brakes S.p.A., Brembo Poland Sp. Z.o.o. production hubs and Brembo Czech S.r.o.
Actions towards Governmental aspects
Brembo has established a dedicated sustainability governance system to integrate sustainability into its business practices.
At the heart of this governance is the Chief Sustainability & Risk Officer (CS&RO), who oversees sustainability efforts and coordinates initiatives across the company. The CS&RO works closely with the Audit, Risk & Sustainability Committee and is responsible for proposing and managing sustainability projects, monitoring action plans, and preparing the annual Disclosure of Non-Financial Information.
To support the CS&RO, Brembo has created a Task Force comprising experts from various Global Central Functions (GCF) to analyze sustainability issues and contribute to data collection for the sustainability report.
Brembo also formed a Sustainability Committee, consisting of top management and GCF leaders, to define sustainability guidelines, adopt policies, and approve environmental and social strategic goals. The Committee oversees stakeholder engagement and sustainability risks and validates the sustainability reporting process.
In line with the Corporate Governance Code, Brembo established an Audit, Risk & Sustainability Committee within the Board of Directors, tasked with advising on sustainability policies, procedures, and risks. This Committee monitors international sustainability initiatives, assesses corporate risks related to sustainability, and reviews the sustainability report.
In addition, Sustainability Ambassadors and Champions were appointed to raise awareness of sustainability across Brembo's global plants. These roles help promote sustainability, support local initiatives, and act as communication channels between the company and local operations.
Moreover, Brembo has implemented a Sustainability Self-Assessment (SSA) to monitor and track ESG progress across its plants and legal entities, identifying areas for improvement based on stakeholder expectations and industry best practices.
The Group has a structured and organized system of policies which applies to the entire Group (the “Brembo Compliance Systems” based on the “Corporate and Compliance Tools”) aimed at preventing, managing and mitigating potential impacts and risks related to business conduct and at ensuring a high ethical standard in conducting business and the continuous improvement of its operating practices.
Brembo Corporate and Compliance Tools mean all the instruments (documents, codes, oversight mechanisms and control procedures) implemented by the Parent at global level, and include, in particular:
- the Code of Ethics;
- the Brembo Compliance Guidelines;
- the 231 Model;
- the Antibribery Code of Conduct;
- the Antitrust Code of Conduct.
To read more about this topic, click here or read the dedicated paragraph of the Report.
Brembo's risk assessment methodology for risk management is conducted under the overall ERM framework which follows the guidelines of ISO 31000. For each risk (including Sustainability Reporting risks) several items are reported and identified i.e. risk context, risk scenario and mitigation measures to prevent, control and transfer the risk. Through its top-down risk mapping process, Brembo assesses at least once a year the main risks of the Group on both short-term and medium-term horizons involving all GBU/GCF and main Geographies.
To discover more about the risk assessment process and the primary risks identified, see the dedicated section in the Report.
In order to ensure compliance with the principles of conduct, Brembo has issued an internal whistleblowing channel to communicate also violations and irregularities in its codes of conducts, company policies and procedures, guaranteeing the confidentiality and anonymity of the person making the report.
Codes and Policies
Code of Ethics
Expresses the commitments and ethical responsibilities in conducting business and corporate activities undertaken by Brembo’s collaborators and controlling companies, whether they are administrators or employees in any sense of the terms.
Code of Basic Working Conditions
It represents the commitment of Brembo to fundamental labor standards.