4 _169 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 4 NON-FINANCIAL STATEMENT Sustainable Development Report Of the 27 issues, the Group initially selected the ten most critical (shaded in darker blue in the matrix) and expressed them as risks, forming the core of its Non-Financial Statement. These ten risks, which are the most material to the Group, were identified on the basis of the materiality matrix exercise, which was last carried out in 2021. Each issue’s management process is further detailed below, in its dedicated section. The remaining 17 issues comprise: ● seven environmental issues addressed in this chapter, with a section discussing the climate change adaptation plan; ● six employee relations & human rights issues discussed in the Duty of Care Plan; ● four business & governance issues discussed in detail in Chapter 3, while “Data protection” issues are dealt with below and “Collaboration with our ecosystem” is addressed in Chapter 1. “Transparency and access to information” is the whole purpose of this Universal Registration Document(1). Note that the issues of “Attracting and retaining talent”, “Quality and safety of products and services” and “Indirect contribution to climate change (Scope 3)” are also addressed in Chapter 2, given their specific features and the materiality of their impact on the Group, and that the issue of “Development of new services and solutions beyond tires” is discussed in Chapters 1 and 2. The cross-reference table below illustrates the link between the matrix’s ten most critical issues and their related non-financial risks. Materiality matrix issue Risks identified in the CSR map Corresponding paragraph 1 – Employee health and safety 9 – Employee and contractor health and safety 4.1.3 Employee health and safety 4.1.2.4 Supporting employee growth and development 2 – Quality and safety of products and services 8 – Tire product safety 4.1.4.3 Guaranteeing the quality of our products and services 3 – Direct contribution to climate change (Scopes 1 & 2) 6 – Climate change impact of our Scope 1 & 2 operations 4.1.1.1 a) Transition plan: decarbonizing our operations/Scopes 1 & 2: reaching net zero emissions in the manufacturing operations by 2050 4 – Environmental impact of raw materials 4 – Non-climate change-related impact of our raw materials on the environment 4.1.1.2 Enhancing the circularity of our products 5 – Indirect contribution to climate change (Scope 3) 3 – Climate change impact of our suppliers (Scope 3) 1 – Climate change impacts from the use of our products (Scope 3) 4.1.1.1 a) Transition plan: decarbonizing our operations: Scope 3: reducing emissions from our transportation operations Scope 3: reducing emissions from purchased raw materials and components 4.1.1.1 b) Transition plan: company strategy/ Opportunities and risks/Designing ultra-energy efficient products 6 – Respect for human rights in the supply chain 2 – Supplier failure to respect human rights 4.1.4.2 Demonstrating our CSR commitments through responsible procurement policies 7 – Sustainable sourcing and responsible supplier relations 5b – Non-compliance with our Supplier Relations Code of Conduct 4.1.4.2 Demonstrating our CSR commitments through responsible procurement policies 8 – Developing products and services beyond tires Strategic risk addressed in section 2 Chapter 1 2.1 Risk factors specific to Michelin, description and related management systems/Risk 6: M&A and major projects The Group’s business growth strategy with, around and beyond tires 9 – Diversity and equal opportunity 7 – Discrimination 4.1.2.2 Instilling an inclusive culture of diversity and preventing discrimination 10 – Business ethics 5a – Ethical violations 4.1.4.1 Ensuring ethical business practices (1) Universal Registration Document.
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