4 _183 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 4 NON-FINANCIAL STATEMENT Sustainable Development Report Scope 3: reducing emissions from our transportation operations OUR CURRENT OBJECTIVE(1): To reduce CO2 emissions from logistics operations, in tonnes, by 15% between 2018 and 2030. This objective, which was approved by the SBTi in January 2023, covers: ● The supply of raw materials, such as natural and synthetic rubber, metal and textile reinforcements, to the production plants to manufacture semi-finished products; ● The inter-plant transportation of semi-finished products; ● The delivery of finished products to customers; ● Warehouse operations. Key performance indicator: tonnes of CO2 in absolute value. CO2 EMISSIONS FROM TRANSPORTATION OPERATIONS(2) (millions of tonnes of CO2) Emissions are measured using EcoTransIT World software(3), which supports sustainable and sufficiently reliable and dataconsistent calculation for driving progress in every host region. CO2 emissions from transportation operations stood at 1.38 million tonnes in 2018(4). In 2023, CO2 emissions declined to 1.03 million tonnes, corresponding to a 25% reduction on 2018. This performance primarily stemmed from a reduction in intercontinental supply flows, thanks to the local-to-local strategy, as well as from the decreasing use of air freight and structural improvements in the operating regions. These structural improvements are reflected in the “tonne of CO2 released per tonne sold” indicator, which decreased by 16% between 2018 and 2023, attesting to the effectiveness of initiatives to transport less, transport better and transport differently. OUR LEVERS FOR ACTION: Transporting less, the fundamental lever The transporting less lever involves analyzing where inventory should be ideally located to improve product availability, while reducing the need for transportation. The analytics also guide the siting of production units, with a preference for local facilities to limit the transfer of finished products between producing and consuming regions. In 2023, intercontinental shipment tonnages declined by 15% over the year. Transporting better, an operational lever The second lever consists of optimizing current transportation systems, based on three avenues to improvement: Engaging with our transportation partners Michelin firmly believes that partnerships with logistics providers are mutually beneficial over the long term, by enabling them to invest in decarbonization solutions. Optimizing our current transportation systems Improved governance has helped to drive a sharp reduction in the use of air freight, to the extent that it accounted for less than 2% of CO2 emissions from logistics activities in 2023. In collaboration with a large number of stakeholders, a response to a call for expressions of interest was submitted in France via the France Supply Chain association. The response, which concerned the use of the 32-meter European Modular System (EMS) articulated double-trailer truck, is currently being reviewed. Promoting and developing multimodal solutions Michelin is continuing to develop and deploy multimodal transportation solutions. In 2023, for example, nearly 23% of the Group’s intra-regional shipments in the United States were carried by rail, while in Europe, a multimodal hub was built during the year and brought on stream in early 2024. It will eventually enable the modal shift of 2,200 containers, avoiding the release of an estimated 1,100 tonnes of CO2 per year. (1) Objective approved by the SBTi in January 2023. (2) This figure differs from the one reported in the 2022 Universal Registration Document due to the inclusion of Camso in 2019 and other adjustments. (3) Accredited by the Global Logistics Emissions Council (GLEC) Framework and compliant with the EN 16258 standard and the GHG Protocol. (4) This figure differs from the one reported in the 2022 Universal Registration Document due to the inclusion of Camso in 2019 and other adjustments. +0.4% +16.2% -13.6% -25% -15% Baseline 2022 2021 2019 2018 2023 2030
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