4 _175 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 4 NON-FINANCIAL STATEMENT Sustainable Development Report 4.1.1 The Environment In exercising its social responsibility, Michelin has in recent years assessed and addressed the environmental impact of its operations across the entire life cycle of its products, from the extraction and processing of raw materials to product use and end-of-life recycling. Life cycle assessments have shown that production phases, from raw materials to finished product, can account for up to 30% of a tire’s environmental impact, compared to up to 96% for the inuse phase, depending on the type of tire and vehicle. THE LIFE CYCLE OF A TIRE In response, Michelin has deployed policies to attenuate the risks associated with the environmental footprint of its products, services and business operations (purchasing, manufacturing and supply chain), to help combat climate change, protect biodiversity and ecosystems and conserve water and other resources. Targets for improvement have been set and performance indicators have been introduced in all these areas. In 2020, the Group’s commitment was expressed in the preparation and publication of the Michelin Environmental Policy(1), which is designed to manage pollution risks and draw down its environmental footprint to total neutrality. The levers for action have been ranked according to the following prioritizing hierarchy: (1) https://www.michelin.com/en/sustainability/company/planet
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