Short term Long term Outlook CDP CLIMATE CDP WATER MSCI SUSTAINALYTICS (risk rating) ISS ESG MOODY’S ESG Solutions ECOVADIS AB AAA Low risk B- 71/100 78/100 A2 AStable F2 AStable - A3 Stable 2023 Rating CREDIT RATINGS At December 31, 2023 NON‑FINANCIAL RATINGS At December 31, 2023 Credit rating agencies confirm the Group’s robustness Michelin is a leading sustainability enabler, recognized by the non-financial ratings agencies STANDARD & POOR’S FITCH MOODY’S Our All Sustainable vision At Michelin, we deeply believe that our growth and sustainability depend on achieving the right balance of performance in addressing issues impacting the well-being of the people with whom we interact, our business and financial results, and our ability to safeguard the planet. This All-Sustainable approach, based on the People, Profit, Planet triple bottom line, is embedded in the Group’s growth dynamic being led by the Michelin in Motion strategic plan. An exacting standard in every aspect of our business and a lodestar for the future, this approach sharpens our vision and operationally informs everything we do. ACCELERATING OUR TRANSFORMATION Our sustainability approach _26 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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