04 Sustainability Statement Water and marine resources (E3) 4.4.4.2 Water-related targets in the upstream value chain Water consumption targets have not yet been set for the upstream value chain. The Group must first review the findings of the assessments of the suppliers of raw materials other than natural rubber and the data in the RubberWay application (see section 4.4.3.2 above). 4.4.4.3 Water consumption metric (own operations) Water consumption 2024 (1) Total water consumption (E3-4-28a) 7,036,605 cu.m Amount of water withdrawn 22,468,460 cu.m Amount of water discharged 15,431,855 cu.m (2) Water consumption in high water-stress areas (E3-4-28b) 419,666 cu.m (3) Water intensity based on net revenue (E3-4-29) 259 cu.m/€m (1) Total water consumption, in cubic meters Water consumption corresponds to the estimated proportion of withdrawn water that is not discharged. Volumes withdrawn are determined on the basis of invoices or meters whose reliability has been verified. In the case of discharges, however, some sites are not yet able to provide reliable data, either because they are not metered or invoiced, or else because they do not have a separate network for rainwater runoff, which is therefore reported as discharge. The Measures step in the LEAN process calls for the ongoing installation of meters in 2025 and the definition of estimation methods. These resources will be gradually deployed on-site, thereby improving data reliability by 2026 and 2027. To calculate the metric, a Group consumption rate was estimated based on the average consumption rate of 31 plants that (i) are capable of measuring use and (ii) do not discharge more water than they withdraw. These 31 sites account for 59% of withdrawn water volumes in the scope of reporting. The average rate was then applied to the total volume of water withdrawn across the scope of reporting. (2) Total water consumption in water-stressed areas, in cubic meters: Water consumption in water-stressed areas is calculated by applying the estimated Group consumption rate to the total volumes withdrawn by sites located in water-stressed areas assessed as high by Michelin. Each site’s water stress is determined on the basis of: l recognized external tools, such as Aqueduct (Baseline Water Stress) from the World Resources Institute (WRI) and the Water Risk Filter from the World Wildlife Fund (WWF); l on-site knowledge of local water resources and availabilityrelated risks. (3) Water intensity l Water intensity corresponds to total water consumption in cubic meters per million euros of sales. The scope of these metrics covers all the production sites of the companies included in the 2024 Sustainability Statement. Concerning total water stored and changes in storage, Michelin’s operations do not require any pumping of water during highwater periods for storage and later use during low-water periods. As a result, this metric is not material for Michelin. With regard to recycled and reused water, the metric and its materiality will be reviewed in coming years, based on an analysis of all our activities and the ability to deploy sufficiently reliable measurement systems. Water withdrawal performance Tire production plants (i-MEP including the former Camso operations): n despite the contraction in production volumes over the year, the ratio of water stress multiplied by cubic meters of water withdrawn per tonne of semi-finished and finished product decreased by 3.3% in 2024, in line with the Group’s 2030 target of reducing water withdrawals per tonne of semifinished and finished product by 33% compared with 2019, weighted for each site’s water stress coefficient; n water withdrawals fell by a significant 7.3%, half of which was due to the decline in output and the other half to projectdriven gains, the deployment of best practices, and the hiring of water experts in the production plants. Withdrawals also decreased in the Polymer Composite Solutions business, led by the highest use site, which is equipped with open-loop systems. It reduced its withdrawals by 30% over the year, as a result of the 18% decline in output and more efficient withdrawals from the local river. 237 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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