Sustainability Statement General information 04 The management of sustainability matters – strategy, policy and objectives, commitments, roadmaps, targets and metrics – is structured around six themes and their related governance mechanisms: Environment, Human Rights, Employee Health & Safety, Social Cohesion and Employee Commitment (created in 2024), Sustainable Finance and Ethics. The organization is overseen and managed by the four governance bodies, as follows. The Group Executive Committee, including the two Managers: n guides and impels the Group’s All Sustainable approach, providing it with a big-picture vision of sustainability matters; n reviews and approves the objectives addressing these matters; n is informed of the overviews presented to the Group Management Committee by the Governance bodies and the Group Ethics Committee, which support its review of the Group’s sustainability vision, policies, commitments and objectives; n is informed by the Chairs of the Governance bodies and the Group Ethics Committee of any difficulties encountered in implementing action plans following internal audits. In 2024, the Group Executive Committee approved the double materiality matrix. The Group Management Committee, including the Group Executive Committee: n annually reviews an overview of the Governance bodies and the Group Ethics Committee prepared by the Vice President, Sustainable Development and Impact. The overview also discusses any shortfalls in deploying post-audit action plans and delays in implementing roadmaps; n as part of this process, the Group Management Committee determines the allocation of any resources needed by the Governance bodies and the Group Ethics Committee to perform their tasks. It also ensures that transformation project objectives are fully aligned with the Group’s All Sustainable vision. The Governance bodies and the Group Ethics Committee, which meet on a regular basis(1): n determine the issues to put forward for approval to the Group Executive Committee, in particular the Group’s vision and objectives, significant commitments and emerging strategic issues; n review and approve prioritized strategic objectives, policies and commitments recommended by the Thematic Committees (in the case of Environmental Governance bodies) or the Operational Committees (in the case of the other Governance bodies); n ensure the ability to lead roadmaps, with deliverables, milestones, appropriate resources and outcomes; n alert the Managers to any shortfalls in action plans deployed following audits and delays in implementing roadmaps, and recommend appropriate corrective measures as needed. This information is included in the overview submitted to the Group Management Committee. Thematic and Operational Committees: n recommend Group objectives, policies and commitments to the Governance bodies and the Group Ethics Committee; n recommend prioritized strategic objectives, policies and commitments, and submit them to the Governance bodies or the Group Ethics Committee for approval; (1) Quarterly for the Environmental Governance bodies and the Ethics Committee; twice a year for the Employee Health & Safety, Human Rights and the Social Cohesion and People Management Governance bodies; every six weeks for the Sustainable Finance Governance body. 176 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
RkJQdWJsaXNoZXIy NzMxNTcx