Cie Generale Des Etablissements Michelin Sa · EURONEXT:ML
Cie Generale Des Etablissements Michelin Sa — Michelin — ESG Presentation (July 2025)
40 slides from Cie Generale Des Etablissements Michelin Sa's sustainability presentation, Jul 1, 2025
Slide 1: ESG Roadshow, June 30 – July 1, 2025
June 30 – July 1, 2025
Slide 2: Michelin's All Sustainable approach
Michelin’s All Sustainable approach: A day-to-day commitment and a compass for the future No development project can be envisioned without considering all its economic, social and environmental impacts. Similarly, no single player can Balance between mutually beneficial and meet the collective chall
Slide 3: A vision that encompasses a large scope of topics
A vision that encompasses a large scope of topics Fair Wage Social Protection Health and safety of workers Governance Human rights in the value chain Compliance Climate change and adaptation Business ethics Circularity Water Product usage: CO2 and TRWP Deforestation & biodiversity ESG Roadshow, June
Slide 4: 4 domains where Michelin pioneers towards a more sustainable world
4 domains where Michelin pioneers towards a more sustainable world Multi-life tire specialist 2022 for over a century 1 inflatable sail st Towards a fully 1992 circular tire vision 1st low emission tire LEAD INDUSTRY & SOCIETY TRANSFO Unique career opportunities Hi-tech protection for firemen Value
Slide 5: Sustainability report and double materiality
Sustainability report and double materiality Based on the« Double Materiality » analysis, conducted with the support of Axa Climate 9/2023 – 5/2024 Aims at ensuring that the most material sustainability topics are identified and reported on (in 2024, 18 stakes based on 26 impacts, risks & opportunit
Slide 6: Michelin approach fully endorsed by external auditors
Michelin approach fully endorsed by external auditors No nonconformity — Robust documentation Internal & external consultation (o/w Stakeholders Committee) Reinforced opposability of double materiality Formalized value chain beyond rank 1 suppliers Impacts, risks, opportunities assessment Upstream c
Slide 7: Matching the sustainability leadership quadrants with material ESRS
Matching the sustainability leadership quadrants with material ESRS Climate change mitigation (Scope 1&2) Zero emission mobility E1 End-of-life management E5 Renewable and recycled materials Water consumption E3 Air and water pollution E2 Wear particles (TRWP) Efficiency, quality and safety of produ
Slide 8: Ambitions for 2030 and 2024 results
Ambitions for 2030 and 2024 results (1) TCIR : Total Case Incident Rate; in 2025, the TCIR to be replaced by the Total Recordable Incident Rate (number of incident per 1,000,000 hours). TRIR 2024 stood at 5.01 (2) IMDI : Inclusion & Diversity Management Index (3) NPS: Net Promoter Score ESG Roadshow
Slide 9: Ambitions for 2030 and 2024 results
Ambitions for 2030 and 2024 results June 2024 (1) The 2030 target was validated by SBTi in June 2024, aligned with 1,5°C global warning scenario; it includes recent acquisitions. (2) i-MEP: industrial – Michelin Environmental Performance ESG Roadshow, June 30-July 1, 2025
Slide 10: 2030 environmental ambition: On track to reach net zero emissions in 2050
2030 environmental ambition: On track to reach net zero emissions in 2050 Group’s ability to have an influence high limited -37% Manufac- -47% Net Zero CO2 emissions Turing* vs. 2019 Logistics* -28% CO2 emissions -90% CO2 emissions vs. 2019 vs. 2019 Upstream energy* Raw material Suppliers* +4.3% in
Slide 11: Sharp reduction in the environmental footprint of our operations
Sharp reduction in the environmental footprint of our operations, on track to reach 2030 target Environmental footprint of our sites (MEF vs. 2005 until 2019, i-MEP since 2019 - ISO14001- certified) 100 (2) Water withdrawal x water stress Generated waste MEF (1) Organic solvent use // Energy use CO2
Slide 12: Recognized leadership in non-financial performance
Recognized leadership in non-financial performance Major ratings (as of June 30, 2025) Michelin Ratings B A- Low Risk B- 79 / 100 AAA 73 / 100 11.6 CLIMATE CHANGE WATER SECURITY Prime Gold « LEADERSHIP » « MANAGEMENT » ESG Roadshow, June 30-July 1, 2025
Slide 13: On the path to full product circularity with 40% renewable or recycled materials
On the path to full product circularity with 40% renewable or recycled materials by 2030, up to 100% by 2050 SYNTHETIC RUBBER NATURAL RUBBER FILLERS PLASTIFIERS / RESINS (1) (2) (1) METALS TEXTILES OTHER … (1) European project sponsored by Horizon 2020; project number: 82068 (2) Carried out with the
Slide 14: First manufacturer to design a road-homologated tire with 58% renewable or recycled materials
Michelin: First manufacturer to design a road-homologated tire with 58% renewable or recycled materials On the way to our “100% Renewable or Recycled materials by 2050” goal: new tires with breakthrough technologies Steel incorporating Sustainable recycled scrap metal textile fibers Carbon black Bio
Slide 15: TRWP: Michelin driving innovation and advancing knowledge in the tire industry
TRWP: Michelin driving innovation and advancing knowledge in the tire industry Scientific studies to measure the environmental impact of TRWP(1) TRWP AIR WATER Studies confirm that TRWP account for less Studies suggest that most TRWP do not 5 x 10-2 mm than 1% of particulate matter pollution reach e
Slide 16: Tires abrasion: A considerable competitive advantage
Tires abrasion: A considerable competitive advantage, without any compromise on safety, confirmed by the most recent reference study (June 2025) Particle emissions: New ranges setting the standard Michelin vs. other premium tiremakers(1) Particle per vehicle (2) unit: g/1,000 km/ t of vehicle 80 76
Slide 17: Strong commitment to reduce impact of operations on biodiversity and ecosystems
Strong commitment to reduce impact of operations on biodiversity and ecosystems 2024 2025 2030 RESEARCH & DEVELOPMENT Life Cycle Analysis incl. biodiversity services: criteria from best methods of new products of new ranges marketed RAW MATERIALS Natural rubber used by the Group assessed (3) "defore
Slide 18: Sustainable natural rubber by Michelin
Sustainable natural rubber by Michelin: Driving progress across a complex and fragmented value chain ACCELERATING SUSTAINABILITY ACROSS THE INDUSTRY BY 2025 NATURAL RUBBER • Dedicated roadmap focused on zero deforestation, human rights, and farmer empowerment SNAPSHOT • Geolocation of millions of ru
Slide 19: Externalities: Close to 30% reduction in 5 years
Externalities: Close to 30% reduction in 5 years CO2 emissions, VOC(1) emissions and water withdrawals (€ millions) +260 590 428 +25 -130 CO2 Scopes -36 -16 -6 (3) 1&2 Perimeter 330 CO2 Volatile Scope 3(2) Water Increase in the organic CO2 cost per ton compounds from €58 to €120 2019 2019 2024 resta
Slide 20: Climate strategy structured around transition and adaptation plans
Climate strategy structured around transition and adaptation plans, towards net-zero emissions by 2050 STRUCTURED AROUND 2 AXES: ● A TRANSITION plan including initiatives to decarbonize direct and indirect activities in the value chain (Scopes 1, 2 & 3) and a strategic plan to support a low-carbon e
Slide 21: Fostering social and societal cohesion through ambitious initiatives
Fostering social and societal cohesion through ambitious initiatives ‘Living wage’ for every Michelin One Care Program, Group employee a universal social protection floor • ‘Global Living Wage Employer’ • Provide time to welcome a new child certified by Fair Wage Network • Family protection in case
Slide 22: Diversity, Equity, Inclusion
Diversity, Equity, Inclusion: Further progress in gender balance and acceptance of diversity with a new policy supporting the dynamic EQUAL OPPORTUNITY Every employee can develop his/her talents within the company. Michelin pays particular attention to the internal promotion of manufacturing operato
Slide 23: MICHELIN
MICHELIN
Slide 24: Sustainability report and double materiality
Sustainability report and double materiality Based on the« Double Materiality » analysis, conducted with the support of Axa Climate 9/2023 – 5/2024 Aims at ensuring that the most material sustainability topics are identified and reported on (in 2024, 18 stakes based on 26 impacts, risks & opportunit
Slide 25: Matching the sustainability leadership quadrants with material ESRS
Matching the sustainability leadership quadrants with material ESRS Climate change mitigation (Scope 1&2) Zero emission mobility E1 End-of-life management E5 Renewable and recycled materials Water consumption E3 Air and water pollution E2 Wear particles (TRWP) Efficiency, quality and safety of produ
Slide 26: Environmental challenges and Michelin's response
In response to the challenges posed by climate change, resources depletion and the loss of biodiversity, Michelin is striving to attenuate as much as possible the environmental impact of its operations, its value chain and its product life cycles ESG Roadshow, June 30 – July 1, 2025
Slide 27: E1 Mitigation actions embedded in Michelin's business model
E1 Mitigation actions embedded in Michelin’s business model: Higher energy performance standards for tires • Rolling resistance of tires, a key differentiator pportunities • Expanding the line-up of tires for EVs scope 1&2 emissions vs 2019 Rising demand for a wider range of EVs • Michelin as an acc
Slide 28: E1 Impact of physical climate risks
E1 Physical Climate Risks Adaptation Policy issued in 2024, dedicating initiatives and resources to proactively manage climate hazards and foster resilience, through a structured Impact of physical climate risks on roadmap to 2030 Metrics and targets under isk business activities, assets, employees,
Slide 29: E2 Tire abrasion and pollution
E2 Regulations could lead to stricter isk tires abrasion thresholds to reduce particles and substances Michelin undisputed leader in tire abrasion (ADAC 2025) Some studies suggest that tire road TRWP target and metrics and wear particles (TRWP) could Leading the industry - notably through the TIP an
Slide 30: E3 Water
E3 Group Environmental Policy specifically affirms the 2050 water objective that Michelin aims to have no impact on water availability in local communities. Prioritization of levers led by the dedicated Group Water Program: Avoid-Reduce-Recycle-Renew, eg: Climate change and human • Eliminating water
Slide 31: E4 Single-crop natural rubber farming
E4 Natural rubber (21% of the raw materials used by the Group) is at the source of the main impacts Converting land to rubber tree identified on biodiversity and ecosystems. Hence a Natural rubber assessed as mpact farming can potentially lead to strong focus of the Group, notably with Sustainable d
Slide 32: E4/E5 Wrong disposal of end-of-life tires
E4 Helping to develop new value An Environmental Policy based on the Michelin chains to maximize value and Avoid+4R process, throughout the product life mpact reuse of resources cycle: Manufacturing involves the use of A proactive approach with many significant large quantities and a wide variety in
Slide 33: Social innovation and taking care of people
For more than 130 years, social innovation and taking care of people, - employees, customers and stakeholders -, have been a hallmark of Michelin’s identity and a powerful force driving its growth ESG Roadshow, June 30 – July 1, 2025
Slide 34: S1 Risk of accidents of all kind
S1 Deterioration of the employer Engagement of people through professional and brand and talent turnover personal development: “ICARE” model, active isk stakeholder dialogue, employee share ownership Turnover rate in 2024 Shortage of talent on the market program… Focus on protecting everyone’s healt
Slide 35: S2 Violation of the rights of workers in the value chain
S2 Violation of the rights of workers in Suppliers assessed at a Two procurement policies designed to manage risks the value chain, including child ‘good’ or ‘advanced’ maturity related to value chain workers labor, forced labor and illegal labor level regarding human rights practices Well-establish
Slide 36: S4 Customer Promise Guarantee as the core quality process
S4 Zero compromise on the safety and quality of the products pts Improving the safety of drivers and An innovation mindset to always improve safety, performance and sustainability 2024 Net Promoter Score® other road users, including by mpact improving tire industry quality and “Customer Promise Guar
Slide 37: Ethical conduct as foundation of the all-sustainable approach
As we build the Michelin of tomorrow, ensuring that individuals and collective conduct remain consistent with our values and ethical principles is a key foundation of our all-sustainable approach ESG Roadshow, June 30 – July 1, 2025
Slide 38: G1 Ethical values and principles
G1 Ethical values and principles as a single Employees in functions-at- foundation on which every Group employee can risk received anticorruption stand training in 2023 & 2024 Fines, litigation and reputational A clear conduct policy with the Michelin Code of damage due to unethical business Ethics
Slide 39: Disclaimer
Disclaimer This presentation is not an offer to purchase or a solicitation to recommend the purchase of Michelin shares. To obtain more detailed information on Michelin, please consult the documents filed in France with Autorité des marchés financiers, which are also available from the Michelin.com
Slide 40: Investor relations contacts
BUSINESS CENTER PARIS TROCADERO Guillaume JULLIENNE 112 avenue Kléber 75116 Paris – France Flavien HUET 23 place des Carmes Dechaux 63040 Clermont-Ferrand – France Benjamin MARCUS investor-relations@michelin.com investor-relations@michelin.com ESG Roadshow, June 30-July 1, 2025