_254 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 4 NON-FINANCIAL STATEMENT Sustainable Development Report 4.1.2.5 Encouraging employee and corporate engagement in local communities SDG 8.3, 10.2 and 11.4. Michelin believes that the relationships with all its stakeholders, especially the communities near its facilities, are of paramount importance. As part of this holistic vision, the Group is involving all of its suppliers in the community engagement process, requiring them to meet its own high standards and supporting them through outreach. The Group is also deeply involved in developing and promoting its host communities, by respecting and addressing their expectations and interests. This commitment is manifested in job creation initiatives, training programs, a significant proportion of local sourcing, the payment of local income and other taxes, support for the preservation of each community’s natural and cultural heritage, and financial support for projects led by NGOs, associations and other players. These actions significantly enhance Michelin’s impact in all its locations, thereby contributing to initiatives undertaken to prevent the risk of diminished attractiveness as an employer. To coordinate these objectives more effectively, the Group has organized four major worldwide action programs: Michelin Volunteers (formerly known as Local Community Engagement), Michelin Development, skills-sharing and the Michelin Foundation. 4.1.2.5 a) Supporting local jobs and businesses with Michelin Development MORE THAN 42,000 jobs created with the support of Michelin Development, of which 31,000 IN FRANCE SINCE 1990 Supporting local companies with expertise and funding Michelin is actively involved in creating jobs through its Michelin Development business. The only organization of its kind with a uniquely flexible approach, Michelin Development provides local companies with expertise and technical support in a wide variety of areas, including industrial organization, workplace safety, energy efficiency, information technology, the supply chain and more. This support can be backed by funding in the form of subsidies or five-year, low-interest, collateral-free loans, designed to create leverage with individual or institutional investors, thereby kickstarting a dynamic process of local job creation. The start-ups supported in 2023 covered a very diverse array of businesses. Projects in any industry are eligible for support as long as they are sound and their champion is competent and motivated. Over the past 30 years, Michelin Development has helped to create more than 42,000 jobs in France, Spain, Italy, the United Kingdom, Canada and the United States. A sustained, active presence in local labor markets in France Since it was formed in 1990, Michelin Development has helped to create more than 31,000 jobs in France. Most of its activities involve spontaneous support for local jobs. In 2023, 85 agreements were signed engaging Michelin to support the creation of 984 jobs in local companies, backed by the granting of around €2.5 million in loans and subsidies. In 2023, Michelin Development refocused on communities with the lowest employment rates, so that it could offer more impactful support to companies where it was most needed. Over the year, a little under half of its financial commitments were dedicated to production plants being reorganized that were covered by a revitalization agreement. The closure of the La Roche-sur-Yon plant in late 2019 was supported by a revitalization agreement to create 613 jobs, of which 500 had been filled by the end of 2023. During the year, the supported SOHOs and SMEs created jobs in a very wide variety of sectors, including: ● In the Cher region, several associations spearheading local inclusive labor market initiatives have joined together in a social solidarity consortium (GESS) to improve their performance by pooling their administrative, financial, training and management departments. Michelin Development is supporting the project by subsidizing the hiring of business, technical, quality and partnership managers capable of securing sustainable growth in the consortium’s revenue from manufacturing and business services, which has risen by 15% a year since 2019, excluding the COVID period. This direct involvement in job creation is also helping to improve supply-demand alignment in the local job market, while lifting around a hundred people a year out of vulnerable situations. ● In the Morbihan region of Brittany, Michelin Development is working with the Acsomur association, as part of a zero longterm unemployment zone program (TZCLD), to support the start-up of an EBE social solidarity company focused on creating jobs in the city of Vannes. Approved by the French Ministry of Labor, the project is enabling people alienated from the workforce who live in the disadvantaged Ménimur neighborhood to gradually regain their confidence in a supportive environment.
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