_210 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 4 NON-FINANCIAL STATEMENT Sustainable Development Report 4.1.1.4 c) Reducing energy use and greenhouse gas emissions OUR AMBITIOUS OBJECTIVES The Group’s overarching goal is to achieve net zero carbon emissions(1) across its entire production base by 2050. In 2019, the Group set the following ambitious objectives for 2030: ● improve production plant energy efficiency by 37% versus 2010 (indicator: MWh used per tonne produced); ● eliminate the use of coal to generate own or purchased heat (indicator: % of coal in our heat sources); ● reduce emissions from Group production facilities by 50% versus 2010 in absolute terms (indicator: tonnes of Scope 1 and 2 CO2 released). In 2023, this objective was updated to align it with an SBTi target consistent with the “well below 2°C” global warming scenario, as follows: Michelin commits to reducing its absolute Scope 1 and 2 greenhouse gas emissions 27.5% by 2030 from a 2019 baseline year(2). The new objective also encompasses emissions from Camso and Fenner and has entailed a change in the baseline to 2019 from 2010. In this section, the CO2 emission figures are presented for both the new boundary and 2019 baseline and for the i-MEP scope of reporting. The figures for the other i-MEP components – energy consumption, water withdrawals, VOC consumption and amount of waste generated – do not yet include data from the former Camso and Fenner facilities. In January 2024, Michelin submitted to the SBTi a new Scope 1 and 2 emissions reduction target consistent with the “1.5°C” global warming scenario. The new target is much more ambitious, aiming for an absolute reduction of 47.2% over the same 2019-2030 period. Submitted in early 2024, it was not reflected in the 2023 reporting exercise. CHANGE IN CO2 EMISSIONS* (total scope of reporting(3)) (base 100) * Absolute value in Scopes 1 and 2 CO2 EMISSIONS* (i-MEP scope of reporting) * Absolute value in Scopes 1 and 2 In 2023, total CO2 emissions from the Group’s production plants, including the Camso and Fenner facilities, declined by 10% yearon-year and by 28.3% versus 2019. In the i-MEP scope of reporting, the decline was 25.9%, or 44.2% compared with 2010. The ratio of CO2 emissions per tonne of output stood at 0.25, versus 0.32 in 2019. (1) Net emissions = Scope 1 and 2 emissions less absorptions from the atmosphere. (2) The target boundary includes biogenic emissions and removals from bioenergy feedstocks. (3) Total scope of reporting = i-MEP plus Camso and Fenner. 2019 100 96 80 72 2021 2022 2023 2019 100 95 79 74 2021 2022 2023
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