3 _113 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 3 CORPORATE GOVERNANCE REPORT Supervisory Board practices – Activities in 2023 3.2.11.3 Activities in 2023 The Committee met four times in 2023, on February 9, July 24 and December 14 (two meetings), including a joint meeting with the Audit Committee and an unscheduled meeting at the beginning of the year, with an overall attendance rate of 100%. Presentations were generally led by the Head of the Corporate Sustainable Development and Impact Department, with the participation of other unit directors or managers, mentioned where appropriate. The Committee's work mainly covered the following issues: ● Cross-committee matters: ● Review of the Non-Financial Statement included in the Universal Registration Document. ● Presentation of the principles for managing the CSR aspects of the business, which included organizing CSR governance around five themes (Environment; Human Rights; Health, Safety and Security; Ethics Committee; Sustainable Finance) and setting up a Stakeholder Committee. ● Ongoing monitoring of regulatory developments (in particular the Corporate Sustainability Reporting Directive (CSRD), the recently adopted European Sustainability Reporting Standards (ESRS), the standards proposed by the International Sustainability Standards Board (ISSB) and the rules to combat deforestation), as presented by the Head of Sustainable Finance in the Finance Department, along with a general presentation of the new rules and regulations and the resources deployed by the Company to comply with them. ● Continued analysis of the steps taken by Michelin to classify its business activities according to their contribution to the European Union's environmental objectives (European Taxonomy), presented by the Sustainable Transformation and Performance Director. ● Participation in a presentation of the various opportunities for companies to develop environmental and climate programs, given by a former member of Michelin's Stakeholder Committee (who is also a member of the UN Global Compact Executive Committee and Chair of the Science Based Targets initiative (SBTi)). ● Preparation of the Committee's work program for 2024. ● Group environmental responsibility issues: ● Climate action plan progress review, with a particular focus on emissions targets for 2030 and 2050. ● Alignment of corporate biodiversity reporting standards, which companies will have to comply with from 2024. ● Tire and Road Wear Particles (TRWP) issues and Michelin's participation in scientific research into the particles’ spread in the environment. ● Comprehensive review of the risks and impacts of CSR issues, sharing of progress on the “Adaptation to Physical Risks linked to Climate Change” initiative and a summary of the main actions carried out in 2022 and early 2023, presented by the Group's Audit and Risk Management Director at a joint session organized with the Audit Committee. ● Social responsibility issues: ● Roadmap for managing the CSR performance of the Group's suppliers, with a presentation of the mapping and assessment of suppliers and the corresponding action plans given by the Sustainable Development Director in the Group's Purchasing Department. ● The Group's living wage policy and the new Michelin One Care Program, a common social protection base for all Group employees, presented by the Human Resources Director and the Compensation and Employee Benefits Director. ● The work carried out during the year by Michelin's Stakeholder Committee. The Chair of the Committee reported to the Supervisory Board on the Committee's work on February 10, July 25 and December 15, 2023.
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