04 Sustainability Statement Climate change (E1) Locked-in emissions The Michelin Group owns a number of potentially CO2 emitting assets whose useful lives can exceed several decades (e.g., a gasfired boiler used to supply heat in a production plant). However, their ownership does not compromise the Group’s ability to meet its 2030 decarbonization targets. Beyond 2030, the identification of new technology families is expected to enable the Group to upgrade these assets to meet its 2050 targets. Indeed, the energy transition strategy to phase out the use of coal by 2030 illustrates the Group’s ability to proactively address these transformations. 4.2.9.5 Energy consumption and mix Methodology Group production plants use mainly three types of energy: (i) fuel burned to generate steam, hot water or electricity on-site; (ii) purchased steam or hot water; and (iii) electricity. Basic energy consumption data are measured by each production site in a proprietary format via a centralized IT system, and then consolidated and analyzed at Group level using an automated system. Periodic reviews conducted at different levels of the Group help to ensure that reported data are consistent. Energy consumption and mix 2023 2024 Fuel consumption from coal and coal products (E1-5-38a) 680,258 MWh 620,827 MWh Fuel consumption from crude oil and petroleum products (E1-5-38b) 66,904 MWh 44,211 MWh Fuel consumption from natural gas (E1-5-38c) 3,893,250 MWh 3,452,706 MWh Fuel consumption from other fossil sources (E1-5-38d) - MWh - MWh Consumption of purchased or acquired electricity, heat, steam, and cooling from fossil sources (E1-5-38e) 2,793,997 MWh 2,444,544 MWh TOTAL ENERGY CONSUMPTION FROM FOSSIL SOURCES (E1-5-37A) 7,434,409 MWH 6,562,287 MWH Share of fossil sources in total energy consumption (%) 68% 63% TOTAL ENERGY CONSUMPTION FROM NUCLEAR SOURCES (E1-5-37B) 470,505 MWH 358,356 MWH Share of consumption from nuclear sources in total energy consumption (%) 4% 3% Fuel consumption from renewable sources (E1-5-37c (i)) 134,282 MWh 305,375 MWh Consumption of purchased or acquired electricity, heat, steam, and cooling from renewable sources (E1-5-37c (ii)) 2,945,711 MWh 3,181,865 MWh Consumption of self-generated non-fuel renewable energy (E1-5-37c (iii)) - MWh - MWh TOTAL ENERGY CONSUMPTION FROM RENEWABLE SOURCES (E1-5-37C) 3,079,993 MWH 3,487,241 MWH Share of consumption from renewable sources in total energy consumption (%) 28% 34% TOTAL ENERGY CONSUMPTION RELATED TO OWN OPERATIONS (E1-5-37) 10,984,907 MWH 10,407,884 MWH Energy intensity based on net revenue (E1-5-40) 388 MWh/€m 383 MWh/€m Energy intensity, based on net revenue, associated with activities in high climate impact sectors(1) (E1-5-40) 388 MWh/€m 383 MWh/€m (1) All the Group’s manufacturing activities are associated with NACE codes A to H, with a majority corresponding to NACE code C22.1.1 (manufacture of rubber tires and tubes, retreading and rebuilding of rubber tires). The data in this table are stated as gross values. 209 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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