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 – two of the three environmental themes covered by CDP, the company said.
Brembo is 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, the company said.
CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. In 2021, over 590 investors with over US$110 trillion in assets and 200 major purchasers with US$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 don’t disclose or provided insufficient information are marked with an F.
“Our environmental action is improving year after year to secure our target of becoming a carbon neutral company by 2040,” said Cristina Bombassei, Brembo Chief CSR Officer. “This is the fourth time in a row that we have been recognized by CDP for our commitment to sustainability. It is a very important result and it is even more rewarding for us as it comes in a year in which we are celebrating Brembo’s 60th anniversary since its establishment in 1961. We are focused on making sure our production and also our products will be even more greener looking ahead.”
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% over the past 5 years (2015-2020) and increased its energy supply from renewable sources which represent 43% of the total, up from last year’s 30%. 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.
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.
“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,” said Paul Simpson, CEO of CDP. “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.”
The full list of companies that made this year’s CDP A List is available here, along with other publicly available company scores.
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