04 Sustainability Statement General information Impacts, Risks and Opportunities (IROs) Brief description Waste produced from end-of-life tires (ELT) Every year, one billion tires reach the end of their useful lives, adding to the four billion already landfilled and causing the potential destruction of natural habitats and the production of methane, CO2 and other polluting gases. Landfills could leak, contaminating water tables and damaging ecosystems with hazardous substances. Negative impact Human health impacts from the mismanagement of end-of-life tires (ELT) Disposal of end-of-life tires can potentially attract rodents carrying zoonotic pathogens and create breeding grounds for mosquitoes, forming stagnant pools and increasing the spread of vectorborne diseases. They can also cause fires. Negative impact S1 – OWN WORKFORCE Attracting and retaining talent Deterioration of the employer brand and talent turnover; shortage of talent on the market Talent turnover issues may arise due to the nature of the industry (many production plants operate 24/7) and to the geographical location of Michelin facilities. Risk Employee health, safety and well being Deaths, disabilities and injuries In all the Group’s office, production, research, logistics and retail facilities, employees may be exposed to the risk of accidents involving mechanical or electrical installations, materials and finished products handling, chemicals, tooling and shopfloor movements. These risks could result in injuries of varying degrees of severity. Traffic accidents during business travel have also been identified as risks. Negative impact Occupational illnesses caused by exposure to chemicals and harmful substances, including substances of concern and very high concern The tire industry uses a number of potentially hazardous compounds, as well as substances of concern or very high concern. Employees working in research or manufacturing operations are at risk of exposure to chemicals that, if unmitigated, could ultimately lead to illness. This may concern certain products and substances used to make tires, as well as certain compounds that may be found in process fumes. Negative impact Social protection An adequate wage and a social protection floor Adequate wages and social protection benefits for Michelin employees around the world Positive impact S2 – WORKERS IN THE VALUE CHAIN Human rights Violation of the rights of workers in the value chain, including child labor, forced labor and illegal labor practices Forced labor, child labor and illegal labor practices are risks in agricultural supply chains, including in the natural rubber industry. Negative impact S4 – CONSUMERS AND END-USERS Quality and safety of products and services Improving the safety of drivers and other road users, including by improving tire industry quality and safety standards Since its creation, Michelin has nurtured a culture of quality, which is critical to improving the mobility of people and goods. Every employee at every link in the value chain is trained and committed to ensuring the quality and safety of our products and services. This engagement reinforces personal safety. Positive impact G1 – BUSINESS CONDUCT Business ethics and corporate culture Fines, litigation and reputational damage due to unethical business practices Potential unethical business practices include corruption, fraud, bribery, environmental violations and exploitive conditions in the supply chain. Risk Upstream value chain Downstream value chain Own operations Short-term Medium-term Long-term Downstream Downstream OP OP OP OP Upstream Downstream OP Upstream Downstream OP 191 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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