people Creating an environment for engagement For Michelin, Group performance is closely tied to employee fulfillment and the quality of its stakeholder dialogue, which is why its vision and strategy have always been people-driven. Believing deeply in the power of collective intelligence, it has made everyone's desire to learn, to improve and to succeed an impetus in its transformation and a key success factor of its innovation drive. The Group’s skills development process, assertive inclusion policies and behavior model focused on engagement, initiative and cooperation, as well as its deployment of living wage and universal social protection initiatives, have all been crafted to support team development and foster mutual trust. This same trust forms the core of the Group’s interactions with its external audiences, particularly the ongoing, open, transparent discussions engaged with its Stakeholder Committee and the structured dialogue it maintains with non-governmental organizations. As it progresses towards its 2030 goal of setting the global standard in employee engagement, workplace safety, diversity and inclusion, Michelin already stands out with an employee engagement rate of 83.5% in 2023, close to the targeted 85% in 2030. Such a high rate tends to prove that the collective saga that they are embracing through the “I Am Michelin” transformation program, designed to make everyone feel like a real Michelin player, is both exciting and meaningful. The combination of all these factors will enable Michelin to move forward and continue to make progress for the benefit of all its stakeholders. ACCELERATING OUR TRANSFORMATION People _32 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN People
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