_168 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 4 NON-FINANCIAL STATEMENT Sustainable Development Report NUMBER OF CLIMATE FRESK PARTICIPANTS Methodology/Approach Devised in 2021, the materiality matrix plots the 27 core issues for the Group and its stakeholders. In particular, the matrix shows: ● a general convergence among outside stakeholders and Michelin Group employees concerning the relative importance of the issues; ● support for the 3P (People, Profit, Planet) approach, with both internal and external stakeholders expecting the Michelin Group to address every aspect of sustainable development. Taking a more detailed look, the matrix highlights the importance of: ● carbon emissions, in environmental issues; ● an employee-focused approach (health, safety, diversity and inclusion, and improved talent retention), in labor relations issues; ● ethics and product quality, in business issues. In line with the latest guidance issued by the European Securities Markets Authority (ESMA) on the risk factors to be reviewed pursuant to the revised European prospectus directive, some of the main CSR risk factors identified by the Group are not covered in the “Risk Management” section (see section 2.1 Risk factors specific to Michelin, description and related management systems). This is because these risks, which have long been addressed by Michelin, have been effectively attenuated by the prevention systems in place across the Group. Moreover, while most of the issues raised by these risks are already considered to be among the Group priorities in its materiality matrix, they do not seem to be necessarily specific to Michelin, within the meaning of Regulation (EU) 2017/1129 of the European Parliament. 2023 2020 2021 2022 0 1,500 3,000 4,500 6,000 7,500 9,000 10,500 12,000 Strong Very strong Critical Very strong Critical Strong STAKEHOLDER EXPECTATIONS 27 - Responsible water management IMPORTANCE FOR MICHELIN 2.5 3.0 3.5 4.0 3.0 3.5 4.0 26 - Waste management 25 - Protecting soil quality and biodiversity 24 - Responding to environmental damage 23 - Management of employee relations 22 - Employee volunteer service 18 - Transparency and access to information 17 - Local community development 21 - Fostering workplace well-being 20 - Developing employee skills 8 - Development of new services and solutions in our new non-tire businesses 1 - Employee health and safety 2 - Quality and safety of products and services 3 - Direct contribution to climate change (Scopes 1 and 2) 4 - Environmental impact of raw materials 5 - Indirect contribution to climate change (Scope 3) 6 - Respect for human rights in the supply chain 7 - Sustainable procurement and responsible supplier relationships 9 - Diversity and equal opportunity 10 - Business ethics 11 - Collaboration with our ecosystem 12 - Data protection 13 - Responsible governance 14 - Air quality Social Business and governance Environment 15 - Eco-design of our products and services 16 - End-of-life products 19 - Attracting and retaining talent
RkJQdWJsaXNoZXIy NzMxNTcx