_178 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 4 NON-FINANCIAL STATEMENT Sustainable Development Report In July 2021, Michelin joined the “Race To Zero” campaign, answering the call to action by the international consortium comprising the Science Based Targets initiative (SBTi), the United Nations Global Compact and We Mean Business. Under this commitment, the Group has defined short-term (2024–2034) milestones and long-term (2035–2050) targets for reductions in all three scopes (excluding the in-use phase) and will offset any residual emissions every year to reach net-zero by 2050. The short-term milestones presented below, which are all consistent with the “well below 2°C” global warming scenario, were approved by the SBTi(1) in January 2023. In January 2024, the Group submitted to the SBTi pathway new short and long-term targets aligned with a 1.5°C scenario. They were not reflected in the 2023 reporting exercise underpinning this report. (1) The four short-term Scope 3 milestones, which were originally set in 2019, were reapproved by the SBTi in January 2023. The Scope 1 and 2 milestone has been recalculated to reflect recent acquisitions and a more recent baseline year (see Methodology/Environmental performance of acquisitions). The recalculation, which does not invalidate the initial milestone set in 2020, was approved in 2023 but has not been factored into this report. Transition to cleaner energy Reduce energy use Transport less, better, differently of supplier emissions covered by science-based targets (SBT) MANUFACTURING Scopes 1 & 2 2030 2030 in CO2 emissions by 2030 vs. 2010 2030 2024 END-OF-LIFE PROCESSING Scope 3 UPSTREAM ENERGY Scope 3 RAW MATERIALS Scope 3 TRANSPORT Scope 3 50% in CO2 emissions by 2030 vs. 2018 15% in CO2 emissions by 2030 vs. 2018 15% in CO2 emissions by 2030 vs. 2018 15% 2030 70%
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