_166 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 4 NON-FINANCIAL STATEMENT Sustainable Development Report Fair, verifiable data For the seventeenth consecutive year, Michelin’s CSR data were reviewed by PricewaterhouseCoopers Audit, the Statutory Auditor designated as an independent third party. In 2023, for the fifth time, their review was conducted in accordance with the enabling decree of August 9, 2017, which defines guidelines for independent third parties in performing their review of the Non-Financial Statement (NFS). Following the review, PricewaterhouseCoopers Audit issued a report attesting to the presence, fairness and compliance of the required information. 4.1 SUSTAINABLE DEVELOPMENT REPORT Introduction – Michelin sustainable development Michelin’s All Sustainable vision informs everything the Group does to fulfill its purpose of “offering everyone a better way forward.” In particular, it ensures that all of the improvement objectives and targets are addressed at every stage in the definition and deployment of its strategy. Governance The Group’s CSR governance system is based on the guidelines in the ISO 26000 (Social Responsibility), ISO 14001 (Environmental Management) and ISO 20400 (Sustainable Procurement) standards. Participation of Group Executive Committee (GEC) members in CSR governance The nine members of the Executive Committee assist the two Managers in their strategic decisions concerning sustainable development and other issues (see GRI 2-14/1: Governance). As of December 31, 2023, the Committee included: ● the Chief Personnel Officer; ● the Executive Vice President, High-Tech Materials Business Line – Oversees the Sustainable Materials and Circularity Operational Department; ● the Executive Vice President, Automotive, Motorsports and Two-Wheel Business Lines – Oversees the Americas Regions; ● the Executive Vice President, Mining, Beyond Road and Aviation Business Line – Oversees the Africa/India/Middle East, East Asia and Australia Regions; ● the Executive Vice President, Distribution and Services & Solutions Business Lines – Oversees the Strategy, Innovation & Partnerships and Sustainable Development and Impact Corporate Departments and the China Region; ● the Executive Vice President, Manufacturing; ● the Executive Vice President, Urban and Long-Distance Transportation Business Line – Oversees the European Regions; ● the Executive Vice President, Corporate Engagement and Brands – Oversees the Michelin Lifestyle Business Line; and ● the Executive Vice President, Research & Development. Committee members participate in the governance bodies dedicated to the environment, human rights, health & safety, ethics (committee) and Sustainable Finance, according to their area of responsibility in the Group. The organization, responsibilities and objectives of each Governance body are presented in each section. Oversight by the Group Management Committee (CDG) The Group Management Committee tracks progress on sustainable development at dedicated meetings held twice a year. The Committee includes all the members of the Executive Committee, as well as the heads of the following functions: Legal, Purchasing, Finance, Information Systems, Internal Control, Audit and Quality, Strategy, Supply Chain, Corporate and Business Services, China Region and North America Region. Led by the Corporate Vice President, Impact and Sustainable Development, these sessions verify that steady progress is being made towards the Ambitions targets and validate the strategic objectives of the Ethics Committee and the Environment, Human Rights, Employee Health & Safety and Sustainable Finance (created in 2022) governance bodies, including the management of the Group’s non-financial risks and their internal control. A CSR Committee (CSRC) within the Supervisory Board In 2020, the CGEM Supervisory Board set up a CSR Committee to analyze in detail the issues involved in Michelin’s corporate social responsibility and to support Board deliberations and recommendations and Manager decisions in this area. The membership, responsibilities, procedures and deliberations of the CSR Committee in 2023 are presented in section 3.2.11.3 Corporate Social Responsibility Committee (CSRC) of this Universal Registration Document. During the four Committee meetings in 2023, presentations were generally led by the Corporate Vice President, Sustainability and Impact Department, with the participation of other unit directors or managers, mentioned where appropriate. The Chair of the Committee reported to the Supervisory Board on the Committee's work on February 10, July 25 and December 15, 2023.
RkJQdWJsaXNoZXIy NzMxNTcx