_172 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 4 NON-FINANCIAL STATEMENT Sustainable Development Report Helping to meet the United Nations Sustainable Development Goals By measuring its actions against the United Nations Sustainable Development Goals (SDGs), Michelin hopes to respond more effectively to rising stakeholder expectations for better CSR communication, and to gain greater insight into its future challenges. In the same way as the content of this Sustainable Development Report (Chapter 4), the Growth and Value Creation Model presented in Chapter 1 correlates the Group’s commitments for 2030 with the main objectives of the related SDGs. The illustration below highlights the Group’s contribution to the UN’s 2030 Agenda for Sustainable Development, integrating its interactions with leading stakeholders and its commitments to each of the SDGs. In 2023, the United Nations Global Compact launched the Forward Faster initiative, which focuses on five major areas for action: gender equality, climate action, living wage, water resilience and finance & investment. These areas are key to accelerating progress through private sector actions to deliver on the 17 SDGs. Michelin is supporting this initiative by signing up as a Fast Mover and is stepping up its commitment to living wages and the climate. This approach is presented in more detail on the Group’s corporate website: https://www.michelin.com/en/sustainability/company. Since 2020, Michelin has participated in a working group on the UN SDGs with the member companies of the Tire Industry Project (TIP), which accounts for more than 60% of the world’s tire production. In 2021, a roadmap identifying the tire industry’s main impacts, along with the levers for action that member companies can activate across their value chain, was issued to align their contribution with the framework offered by the UN SDGs. Building on the regular disclosure in recent years of its key sustainability indicators (waste, water, energy, ISO 14001), the TIP expanded the scope of reporting in 2023 to align with the SDGs and include a variety of social responsibility indicators. Available at https://sustainabilitydriven.info/, the 2023 report adds new KPIs tracking: ● the percentage of women in positions of responsibility; ● the percentage of members with public commitments to diversity and inclusion; ● the percentage of members with responsible sourcing policies. Discussions are underway to introduce product KPIs in the near future.
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