Reducing the environmental footprint of our production plants The mining and farming industries, which are vital to society, now face the massive challenge of continuing to provide their services to the world while reducing their environmental footprint. Mining, for example, enables the electrification of mobility and the transition to renewable energy generation with solar and wind power, while the farming industry must meet the challenge of feeding more and more people from a limited amount of cropland. At Michelin, we’re supporting each of these industries with leading‑edge innovations. In 2023, for example, we launched the first radial tire for Komatsu’s giant loader, with a useful life around 50% longer than competing tires. In South America, South Africa and Australia, our recycling solutions for end-of-life mining tires are reducing minesite waste, while recovering and reusing tire materials. For farmers, MICHELIN’s solutions are helping to lower soil compaction and save fuel. MICHELIN Ultraflex Technology, for example, which is embedded in all our agricultural tires, improves soil productivity by around 4%. And for tracked machinery, improved soil load distribution further limits compaction, which facilitates water infiltration and the development of a healthier root system. The Group has crafted an ambitious roadmap to reduce its environmental footprint by 2030, focusing on CO2 emissions and water withdrawals. By 2030, we’re aiming to reduce the energy used per tonne of tires produced by 37%, which will help to lower the Group’s carbon emissions. The around €100 million invested every year to meet this goal primarily finances process electrification projects, which then enable us to make greater use of renewable power. Other capital projects are insulating machinery, optimizing the management of production shutdowns and restarts, installing waste heat recovery utilities and managing building ventilation systems. At a time when many regions of the world are suffering from periods of intense drought, we’re stepping up our capital expenditure to reduce the amount of water withdrawn per tonne produced by a third by 2030 compared with 2019. In addition to these efforts, the Group is also working on addressing issues relating to water quality and adaptation to climate change. Manuel Montana Executive Vice President, Mining, Beyond Road and Aviation Business Lines; Head of the Africa/India/Middle East, East Asia and Australia Regions Pierre-Louis Dubourdeau Executive Vice President, Manufacturing Our roadmap aims to massively reduce our carbon emissions and water withdrawals.” Thanks to our innovations, we’re helping industries that are vital to society to meet their challenges.” Helping the mining and farming industries to reduce their environmental footprint ACCELERATING OUR TRANSFORMATION Planet _38 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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