4 _171 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 4 NON-FINANCIAL STATEMENT Sustainable Development Report Indicators Michelin is pursuing its 2030 commitments structured around the 3Ps (People, Profit, Planet) and announced in 2021. To drive continuous improvement in its performance, eight objectives relate to non-financial aspects(1). Managed on an annual basis, these objectives are enabling the Group to steadily improve in all its financial, environmental, employee and social responsibilities, as embodied in its All Sustainable vision. In addition to these Ambitions, Michelin has long deployed clearly defined processes and meaningful indicators capable of tracking and improving its corporate social responsibility performance. The outcomes of the most important of these processes and indicators are presented in this report. Non-Financial Statement: Michelin, a recognized All Sustainable approach A wide variety of indices, labels and ratings regularly assess the Group. To assess its environmental, social and governmental (ESG) performance as objectively as possible, the Michelin Group tracks the ratings and scores assigned to it by the leading internationally recognized non-financial rating agencies. SUSTAINALYTICS MSCI CDP ECOVADIS ISS-OEKOM MOODY’S ESG LOW RISK AAA A- and B 78/100 B- 71/100 The scores attributed by the non-financial rating agencies in 2023 attest to the Group’s ESG performance: ● SUSTAINALYTICS (ESG RISK RATING): Improvement in the overall rating and therefore in the level of risk, from 12.2 to 11.52 with a LOW RISK profile, ranking the Group ninth in the global auto components industry; ● MSCI: Michelin maintained its AAA rating, the highest on MSCI’s ESG rating scale. The rating confirms the Group’s position as industry leader in addressing the full range of environmental, social and governance issues; ● CDP: Independent non-financial rating organization CDP has ranked Michelin among the companies demonstrating exceptional leadership in tackling the challenges of climate change and water security, awarding the Group, based on its questionnaire answers, scores of A- in Climate Change and B in Water Security. Michelin has also responded to the CDP Forests questionnaire since 2021 (CDP does not assign a rating for natural rubber); ● Michelin was also recognized as a leader in the Supplier Engagement category for the fourth year running. Since 2018, the Group has been bringing its suppliers on board its approach to measuring and reducing its carbon footprint through the CDP Supply Chain program; ● ECOVADIS: Michelin improved its score by one point vs. 2022, to 78/100, and retained its Platinum Medal rating for its CSR commitment and leadership (awarded to the top 1% of rated companies); ● ISS ESG: The B- rating and PRIME status have been retained, keeping Michelin ranked in the top decile across all the rated industries; ● MOODY’S ESG (formerly VIGEO EIRIS): With an overall score of 71/100, Michelin ranked second among the 119 companies assessed in the Automotive sector. (1) See Chapter 1/The Group’s balanced scorecard.
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