04 Sustainability Statement Resource use and circular economy (E5) 4.6.4 METRICS AND TARGETS 4.6.4.1 Resource inflows The Group's material resource inflows are the six categories of raw materials used to manufacture its products: synthetic rubber, natural rubber, textiles, reinforcing agents, chemicals and cables. “Critical materials” are defined by the Group(1) by reference to the SASB. Rare earths and packaging disclosures are not material. E5-4 Resource inflows (a) Overall total weight of products and technical and biological materials used during the reporting period (E5-4-31a) 3,077,541t (b) Overall total weight of products and technical and biological materials used during the reporting period (E5-4-31a) 800,791t Percentage of biological materials used to manufacture the undertaking’s products and services that is sustainably sourced (E5-4-31b) 26% (c) Weight of the secondary reused or recycled components, secondary intermediary products and secondary materials used to manufacture the undertaking’s products and services (E5-4-31c) 152,690t Percentage of secondary reused or recycled components, secondary intermediary products and secondary materials used to manufacture the undertaking’s products and services (E5-4-31c) 5% RENEWABLE OR RECYCLED MATERIALS RATIO (RRMR) 31% The above metrics are calculated for the tire manufacturing scope of reporting, as follows: a) The total weight of raw materials received over the period (January 1 to December 31). b) The weight of renewable materials, calculated for each raw material received over the period. This weight is calculated on the basis of the total weight of material received and the percentage of renewable content in each material. For each raw material, the percentage of renewable content is disclosed on a supplier certificate. The percentage of renewable content is equal to the aggregate weight of renewable materials divided by the total weight of raw materials received over the period. c) The weight of recycled material, calculated for each raw material received over the period. This weight is calculated on the basis of the total weight of material received and the percentage of recycled content in each material. For each raw material, the percentage of recycled content is disclosed on a supplier certificate. The percentage of recycled content is equal to the aggregate weight of recycled materials divided by the total weight of raw materials received over the period. Based on these metrics, the Group is committed to using 100% renewable or recycled materials in its tires by 2050, building on a milestone of 40% by 2030. Progress towards these goals is measured by the Renewable or Recycled Materials Ratio (RRMR), calculated for the tire production scope of reporting by dividing the weight of renewable and recycled materials received by the total weight of raw materials received. In this way, it tracks the reduction in the use of primary materials and the increase in materials circularity. Since its introduction, the RRMR may be analyzed as follows: PERCENTAGE OF RENEWABLE AND RECYCLED MATERIALS The RRMR rose by three points year-on-year in 2024, to 31%, with two points of the gain coming from the greater use of natural rubber, whose percentage had fallen sharply in 2023, and one point from the increased volumes of other renewable and recycled materials. The Group is on track and confident that it will meet its milestone of using 40% renewable and recycled materials in 2030. (1) SASB TR-AP-440a.1: “The term critical material – defined as any substance whose use is highly necessary but whose supply is subject to risk – generally refers to certain ores and rare earths. Very few are used in tire manufacturing. At Michelin, they are managed in accordance with the system in place to manage supply risk. ” 28% 28% 31% 29% 30% 40% 100% 2050 2030 2023 2022 2021 2020 2024 255 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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