CDP scores Brembo ‘A’ for both climate change and water security
Brembo has been highlighted as a global leader in corporate sustainability by environmental impact non-profit CDP, achieving a place on the CDP A List for both climate change and water security – two out of three environmental themes covered by CDP scores.
Every year thousands of companies disclose data about their environmental impacts, risks and opportunities to CDP for independent assessment against its scoring methodology. In 2018, companies were requested to do so by over 650 investors with over US$87 trillion in assets and/or 115 major purchasing organizations with US$3.3 trillion in purchasing power. Companies receive scores of A to D- for how effectively they are tackling climate change, deforestation and water security, while those that don’t disclose or provide insufficient information are marked with an F.
Brembo has been recognized for its actions in the last reporting year to respond to climate change and manage water resources more sustainably, based on its 2018 disclosure to CDP.
Cristina Bombassei, Brembo Chief CSR Officer and Board Member, said: “The companies that are now choosing to integrate environmental and sustainability values into their business models will have the opportunity to play an active role in the change that is already taking place. Brembo has decided to take full advantage of this opportunity.”
Paul Simpson, CEO of CDP, said: “Congratulations to all companies that made it onto CDP’s A List this year. As the severity of environmental risks to business becomes ever more apparent, these are the companies that are positioning themselves to provide solutions, seize new market opportunities and thrive in the transition to a sustainable economy. We need to urgently scale up environmental action at all levels in order to meet the goals of the Paris Agreement and the Sustainable Development Goals. It’s clear that the business world is an essential player in this transition and the A List companies are set to make a substantial contribution to those goals”.
The Climate Change and Water Security A Lists are published by CDP each year alongside a similar list for leadership on tackling deforestation.
Tyre makers Pirelli and Michelin are also listed along with Brembo on the CDP Climate Change A list.