Sustainability Statement General information 04 4.1.4 DOUBLE MATERIALITY ASSESSMENT Sustainability is an integral part of Michelin’s history and corporate DNA. Since its founding, it has always upheld mobility as a fundamental right and source of human progress. In the same way, the Group is committed to helping to shape a more desirable future by fostering balanced growth in its operations, capable of reconciling business performance, people development and environmental stewardship. For Michelin, the success of any growth strategy depends on considering the limits of our planet and genuinely acting responsibly towards employees and society. The Group also believes that no transformation is possible without a concomitant creation of value. With this in mind, Michelin generally measures its initiatives against the United Nations Sustainable Development Goals (SDGs), so as to respond more effectively to rising stakeholder sustainability expectations and to gain greater insight into its future challenges. The illustration below highlights the Group’s contribution to the UN’s 2030 Agenda for Sustainable Development, integrating its interactions with leading stakeholders and its commitments to each of the SDGs. 4.1.4.1 Methodology As part of its environmental and social responsibility commitment, the Michelin Group has plotted a double materiality matrix using a methodology based on the disclosure requirements described in the European Sustainability Reporting Standards (ESRS), particularly ESRS 1, section 3. The materiality matrix was approved and a materiality threshold defined by the Group Executive Committee in April 2024. The assessment is carried out across the entirety of the Group’s value chain and worldwide business base, including the operations of recently acquired entities. When assessing materiality, the location of each impact was identified in either the upstream or downstream value chain. 186 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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