04 Sustainability Statement General information 4.1.4.2.2. Positive impacts embedded in the business model Zero-emission mobility (E1) and the quality and safety of products and services (S4) For Michelin, mobility is a universal right and a vector of human development that Michelin is committed to safeguarding, while making it more sustainable and safer. As part of its strategic plan, the Group is continuing to consolidate its technological leadership in safety and support the transition to low-carbon mobility for people and goods, in particular by: n designing products that are safe and ultra-energy efficient throughout their life cycle, from production and use to endof-life recycling; n developing services and solutions that shrink the environmental footprint of vehicle fleets and promote the functional economy; n leading the emergence of new mobility solutions, thanks to ecosystem-driven innovation, in particular to help develop the hydrogen mobility value chain. Product circularity (E5) The circular economy is both a strategic challenge and a growth driver for the Group. Applying circular principles helps to make our products, services and solutions more sustainable, with ecodesigns that address environmental impacts over their entire life cycle, by limiting resource consumption and increasing the proportion of renewable and recycled materials (to a targeted 40% by 2030 and an ambitious 100% by 2050). As a pioneer in materials science, Michelin is playing a leading role in creating and upscaling recycled and renewable materials value chains, to supply both its tire operations and Polymer Composite Solutions. Social protection (S1) (own operations) A human saga for more than 130 years, Michelin has always upheld a strong, widely recognized corporate culture and value set, while placing people firmly at the heart of its corporate mission and strategy. The Group is committed to safeguarding the health and safety of people in the workplace, to developing a universal social protection floor for every member of the corporate community, and to ensuring that each employee is paid an adequate wage to meet the basic needs of his or her family. 4.1.5 HOLISTIC MANAGEMENT OF THE GROUP’S IMPACTS, RISKS AND OPPORTUNITIES 4.1.5.1 Summary of key policies 4.1.5.1.1. Environmental matters The Group's Environmental Policy is described in a publicly available reference document (www.michelin.com) issued in 2021 and currently being revamped for an update in 2025. To support its operational implementation, the Policy is organized into several different chapters, using a life cycle approach which covers product (and service) design, raw material sourcing (suppliers), production sites and other sites (R&D centers and offices), logistics/supply chain and end-of-life tires. It addresses the Group’s material matters arising at each phase in the life cycle (Energy, CO2, Water, VOCs, Waste, Biodiversity, Soils, Dust, TRWPs). The Environmental Policy is designed to reduce the Group’s environmental footprint and manage pollution risks to the point of impact neutrality, by prioritizing its action levers according to the following hierarchy: The Policy also expresses the 2050+ vision for the years beyond 2050, the 2050 objectives (including reaching net-zero and making tires entirely from renewable or recycled materials) and the Group’s 2030 Commitments. AVOID ReDUcE Reuse RECYCLE RENew Offset 193 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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