GlobalData offers a comprehensive analysis of Brembo, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Brembo‘s ESG performance. GlobalData’s company profile on Brembo offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.

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Brembo, an Italian automotive parts manufacturer, is committed to achieving net zero by 2040 as part of its sustainability initiatives. The company has established specific targets for scope 1, scope 2, and scope 3 emissions, covering direct emissions from its operations, indirect emissions from purchased electricity, and emissions from its value chain, respectively. Brembo has outlined interim goals to significantly reduce its carbon footprint by 2030 as a crucial step toward realizing its vision of net zero.

In 2022, the company’s scope 1 GHG emissions reported was 100,126 TCO2-EQ, scope 2 GHG emissions (both location-based and market-based) were 540,467 and 188,722 TCO2-EQ, respectively, and scope 3 GHG emissions was 1,251,568 TCO2-EQ. The company has set targets for net zero emissions at the Group level (Scope 1, 2, 3), aiming for a reduction of 42% by 2030 compared to 2020 and an even more substantial reduction of 90% by 2040. Furthermore, the company seeks to achieve a 100% reduction in indirect absolute emissions (market-based Scope 2) by 2030 and aims to neutralize absolute emissions by a maximum of 10% by 2040 compared to the levels in 2020.

The company has taken steps to reduce its emissions and achieve its net-zero targets. Brembo has implemented energy management practices, including tracking total energy consumption, the percentage of grid electricity used, and the percentage of renewable energy sources. The company has also focused on waste management, monitoring the total amount of waste from manufacturing, the percentage of hazardous waste, and the percentage of recycled waste.

In addition to these measures, Brembo has integrated risk and opportunity oversight into its business processes to address climate change. The company has implemented measures to reduce GHG emissions, and nitrogen oxides (NOx), sulfur oxides (SOx), and other significant air emissions.

In conclusion, Brembo has set net-zero targets and specific goals related to emissions reduction. The company has implemented various measures to reduce its carbon and GHG emissions, manage waste, and promote sustainability across its operations. Brembo's efforts align with its commitment to responsible business practices and contribute to addressing climate change and other environmental challenges.

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