Sustainability Statement General information 04 4.1.3 STRATEGY 4.1.3.1 A sustainability driven strategy, business model and value chain(1) For 130 years, the Group’s powerful innovation drive has made it one of the world’s foremost tire manufacturers, with leadership positions backed by its materials expertise and ability to combine materials to create composite solutions for a wide array of needs. Thanks to its unique capabilities, Michelin is building a worldleader in life-changing composites, so that it can make a decisive contribution to human progress and a more sustainable world. In 2021, Michelin launched the Michelin in Motion strategic plan with an ambitious roadmap for 2030 and a clear vision for 2050. In seamless alignment with the Group’s All Sustainable commitment, the plan lays the foundations for sustainable growth through the rest of the decade. “That’s because we believe that tomorrow, everything will be sustainable at Michelin”. This vision of the future, deeply rooted in our history, already informs all our decisions aimed at striking the right balance between People, Profit and the Planet – the triple bottom line that lies at the heart of the Group’s growth dynamic. This strategy is being deployed across a globalized value chain extending from the purchase of raw materials and services to the distribution, use and disposal of products. Each of these stages has been assessed for double materiality. The following diagram ranks material matters across the Group’s value chain. (1) See Chapter 1 above for a presentation of Michelin’s strategy and business model. E1 E2 E3 E4 E5 S2 E1 E2 E1 E2 E1 E2 E3 E5 E1 E2 E3 E5 G1 S1 G1 S1 E1 S4 S4 E1 E2 E5 E2 E5 E1 E2 Raw materials* Upstream downstream Value chain Natural rubber, synthetic rubber, reinforcing Logistics Manufacturing Transport and storage Finished products Transport & storage of materials Materials & semiB2B & B2C distribution Usage Multi-products End of life Multi-products Logistics Manufacturing Other purchases/ Suppliers IS/IT, industrial equipment and supplies, services, energy, etc. Michelin operations *including operations and JVs Circularity, recycled materials Michelin operations Upstream and downstream value chain Environment E1:�Climate E2:�Pollution E3:�Water E4:�Biodiverstity E5:�Circular economy Social S1:�Own employees S2:�Value chain workers S4:�Consumers & end users Governance G1:�Conduct of business Importance Material topics 180 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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