sustainable growth... ...and create value for all our stakeholders Customers Innovation enables us to improve safety and performance for customers over the long term, while steadily reducing their environmental impact. Employees We believe that all types of diversity are a valuable asset and seek to give everyone the resources they need to grow in a safe and motivating working environment. Shareholders Michelin delivers robust, value‑creating economic performance and is committed to paying out around half of consolidated net income in dividends by 2030. Suppliers Our supplier relationships are governed by transparency and a commitment to moving forward together. Society Through our solutions and initiatives, we are contributing to the vitality of our host communities, to human progress and to a more sustainable world. Environment We are taking action, both upstream and downstream from our operations, to fight climate change, conserve natural resources and protect biodiversity. Connected solutions for fleet operators and monetization of collected data Our strengths: our materials expertise our proficiency in complex production processes the strength of our brand our close customer relationships Trends & challenges The environmental, technological and social transitions Values built on respect respect for facts, people, customers, shareholders and the environment 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN _11
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