Sustainability Statement Climate change (E1) 04 4.2.9.3 Targets and quantitative contributions by lever over the 2019-2030 period (Scopes 1 and 2) The following chart shows the reduction in CO2 emissions in absolute value between 2019 and 2024, corresponding to a 37% decline. It also indicates the projected reduction in these CO2 emissions over the 2025-2030 period(1), with the quantitative contribution, in kilotonnes, from each lever defined in the roadmap. In line with the SBTi target, their total contribution will amount to at least a 47.2% reduction in 2030. The roadmap is periodically reviewed by the Scopes 1 and 2 CO2 Sector Committee, which ensures the alignment and sustained progress of lever-driven actions(2). ROADMAP FOR REDUCING SCOPE 1 ET 2 CO2 EMISSIONS - 2019-2030 The chart presents both the contributions of levers activatable over the 2026-2030 period, assuming constant sales volumes, and the currently projected outcomes. Note that renewable energy purchases remain an adjustment variable. CO2 emission reduction actions have been organized into four levers: n “Energy efficiency” refers to the legacy energy sufficiency technical levers and best practices deployed in the production sites; n "Process electrification” refers to projects to convert steampowered curing presses to electricity; n “Boiler conversion” corresponds to projects to transition utilities to the use of less carbon-intensive energies; e.g., carbon exit. n “Renewable energy purchasing” refers to the potential for purchasing additional renewable electricity duly backed by EACs. Actual purchases will depend on changes in the geopolitical environment and on possible revisions to the accounting rules for emissions from renewable power sources. In this way, the projects and initiatives undertaken in compliance with the roadmap should enable the Group to fulfill its 2030 commitment. 4.2.9.4 Projected levers for the 2050 time horizon Residual emissions Internal projections indicate that heat and cooling will still account for a significant proportion of total energy use in 2050, which could represent a residual source of Scope 1 and 2 CO2 emissions. This reflects the complexity of electrifying certain processes, as well as uncertainties concerning the sustainable availability of renewable sources, such as biomass or biogas. All the levers capable of enabling the Group to meet its net-zero emissions target and their technical feasibility are currently being identified and assessed. As part of this process, for example, the Group is defining project families based on technologies that are not yet mature (e.g., high-temperature heat pumps) or that are mature but not yet deployed in-house (e.g., geothermal energy), while also carefully tracking emerging technologies. The climate strategy is being executed without using any carbon credits to offset CO2 emissions from the Group’s direct or indirect activities, in line with SBTi standards. In line with the prioritizing hierarchy of levers, actions are geared exclusively towards reducing CO2 emissions. (1) To ensure consistency with internal management applications, data in the chart are stated as net values, with the slight difference between gross and net figures (less than 0.5% in 2024) corresponding to the energy resold by the Group. This methodology is clearly defined in an internal standards manual. (2) The 2026-2030 projection is based on constant output volumes. 0 500 1,000 1,500 2,000 2,500 3,000 3,500 -61 -459 -25 -198 1,056 2,018 3,224 -218 2030 target: -47.2% Potential landing in 2030 Others Total 2019 Group CO2 emissions (net) CO2 emissions in kt 2024 Group CO2 emissions CSRD scope (net) Energy Efficiency Process Electrification Boiler Conversion Potential of additionnal renewable electricity purchases Decrease 208 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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