Over the years, Brembo has established an active and constant dialogue with its internal and external stakeholders, based on the values of transparency, trust and consensus in decisions. Thanks to this dialogue the Group has the opportunity to obtain important information about the reference context and receive feedback on its operations, so that it can continually improve the impact of the company’s activities on the environment and on society. Through this process of listening and dialogue, Brembo is able to assess the extent to which it is understanding and satisfying the expectations and interests of its stakeholders by identifying the areas in which to increase its commitment and those in which to confirm the approach adopted. Testifying to its commitment to building solid relationships with its stakeholders, in 2023 the Group published the “Brembo Stakeholder Engagement Policy”, which defines the channels of dialogue between the Group and its stakeholders.
Group stakeholders
Feedback and engagement tools
- General Shareholders’ Meeting
- Feedback and support channels offered by the Investor Relations area
- Brembo Shareholder Engagement Policy
- Meetings, roadshows and conference calls with analysts and investors
- Corporate website and dedicated e-mail accounts
- Engagement Survey on the relevance of material topics for Brembo
Stakeholders’ expectations and interests with regard to Brembo
- Increase in the value of the Brembo Group’s shares
- Reduction of the risks associated with the investment
- Transparency of Corporate Governance structures, long-term strategy and objectives, management actions and company performance, as also extended to the environmental and social arena
Feedback and engagement tools
- Daily activities and reports of the Global Business Units: Aftermarket, Discs, Motorbikes, Performance and Systems.
- Joint development programmes
- Supplier assessment questionnaires and qualification processes
- Customer support channels
- Support and training network for Brembo Expert repair professionals
- Surveys to identify customers’ needs and expectations for the development of new products
- Corporate website
- Engagement Survey on the relevance of material topics for Brembo
- Dedicated events
Stakeholders’ expectations and interests with regard to Brembo
- Product reliability and safety
- Reliability and flexibility of production processes to ensure business continuity and delivery times
- Constant product innovation, including the improvement of environmental performance and attention to product design
- Support for joint development of custom solutions
- Technical support for the network of repair and maintenance service professionals in the transfer of know-how
- Protection of the value of the Brembo brand as a distinctive element for vehicles and motorbikes and of the ingredient branding strategy
Feedback and engagement tools
- Customer support channels
- Monitoring and interaction on social networks
- Feedback from vehicle and motorbike manufacturers
- Participations in trade fairs and events with engagement activities for new users and new generations
Stakeholders’ expectations and interests with regard to Brembo
- Reliability and safety of Brembo products
- Information about proper brake system maintenance
- Protection of the value of the Brembo brand
as a distinctive element for vehicles and motorbikes - Interaction with, and reaction to, the new digital activities in new engagement areas and areas relating
to new generations
Feedback and engagement tools
- Global Engagement Survey and Pulse Survey
- Industrial relations
- Internal communication channels (eg., Red portal, My B Magazine, information notice boards)
- Internal communication campaigns
- Town hall meetings
- Communication and engagement with regard to the Group’s objectives and performance
Stakeholders’ expectations and interests with regard to Brembo
- Transparency and engagement with regard to Company objectives and performance
- Discussions of related topics with the company employee participation body, where applicable
Feedback and engagement tools
- Daily activities and reports of the Purchasing GCF
- Engagement Survey on the relevance of material topics for Brembo
- Conflict Minerals Engagement Survey for the annual Supplier Survey in relation with their use of conflict minerals
- Cobalt Engagement Survey and Mica Engagement Survey
- Corporate Social Responsibility-related training provided to the Purchasing GCF personnel, with an in-depth analysis of the supply chain
- Brembo Supplier Portal
- Workshops dedicated to suppliers
Stakeholders’ expectations and interests with regard to Brembo
- Timely and proper fulfilment of contractual conditions
- Continuity of supply requests
- Possibility of developing strategic partnerships to improve activities
- Attention to human resources management, in particular to workplace health and safety as a primary risk factor
- Reduction of the environmental footprint, with particular regard to the monitoring of climate risks
Feedback and engagement tools
- Orientation and involvement of secondary school and university students and related recruiting programmes
- Roundtables and discussions with the Public
Administration - Initiatives involving the opening of Brembo’s facilities to visits from workers’ families (“open door” days) in various countries where the Group is present Initiatives in support of the social and cultural development of local communities promoted by the Group
- Whistleblowing mechanism for alleged violations
of the Code of Ethics - Monitoring through the media (press, specialist publications, TV, Web and social networks)
Stakeholders’ expectations and interests with regard to Brembo
- Support to the world of schools, also through a willingness to host students on alternating school-work paths
- Collaboration with Universities and research centres in the development and spread of engineering, technical and scientific knowledge and skills
- Offering of job opportunities and transparent, merit-based recruitment processes
- Creation and protection of employment within the Group and its ancillary businesses
- Development of production and logistics processes that safeguard environmental conditions and the health of populations near Brembo’s production facilities and those of the suppliers
- Participation and support by Brembo in cultural development and social inclusion projects
- Support in favour of centres of medical research
- Support in favour of local communities through the distribution of personal protective equipment
Feedback and engagement tools
- Roundtables and initiatives involving discussion with institutions, at national and international level
- Hearings before parliamentary committees through the associations
Stakeholders’ expectations and interests with regard to Brembo
- Ensuring full compliance with and observance of applicable legislation
- Contributing to the development of regulations concerning the monitoring of polluting emissions in the automotive sector through the sharing of know-how and of specific industry knowledge
- Promotion of local development and the achievement of the objectives established by the international agenda
- Monitoring of the process to manage social and environmental risks throughout the value chain
Feedback and engagement tools
- Focus on the awareness campaigns of environmental associations and on analyses of the scientific community
- Orientation and involvement of secondary school and university students and related recruiting programmes
- Launch of targeted engagement projects Annual incubator for innovative ideas powered by the new generations
Stakeholders’ expectations and interests with regard to Brembo
- Fight against atmospheric pollution and global warming
- Conservation of natural resources and circularity of the economy
- Protection of ecosystems and natural biodiversity
- Contribution to the achievement of the UN Sustainable Development Goals
Feedback and engagement tools
- Participation in the proceedings and themed committees of trade associations
- Participation in advanced research projects through Italian or European consortia (e.g. The LIFE Programme: the EU’s funding instrument for the environment and climate action)
Stakeholders’ expectations and interests with regard to Brembo
- Involvement in the analysis of the industry’s performance and needs to define common strategies for improving the sector and developing industry-wide policies
- Collaboration through advanced research projects for pre-competitive technological development
- Protection of freedom of competition
Feedback and engagement tools
- Engagement Survey on the relevance of material topics for Brembo
- Visits to the Group’s plants by the insurer for property risk assessment
- Periodic audits by the insurer regarding liability risks
Stakeholders’ expectations and interests with regard to Brembo
- Effective risk management system, in particular risks of product and product recall Civil Liability losses and those related to accidents and occupational diseases
- Definition and implementation of technical and organisational measures aimed at preventing and controlling risks related to losses to property and activity
Feedback and engagement tools
- Roundtables and initiatives involving discussion with institutions, at national and international level
- Hearings before parliamentary committees
- Engagement Survey on the relevance of material topics for Brembo
Stakeholders’ expectations and interests with regard to Brembo
- Ensuring full compliance with and observance of applicable legislation
- Contributing to the development of regulations concerning the monitoring of polluting emissions in the automotive sector through the sharing of know-how and of specific industry knowledge
- Promotion of local development and the achievement of the objectives established by the international agenda
- Monitoring of the process to manage social and environmental risks throughout the value chain