_200 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 4 NON-FINANCIAL STATEMENT Sustainable Development Report Renew Michelin is committed to ensuring that by 2050, all the materials used to make its tires are renewable or recycled. To meet this major challenge, the Group is encouraging the use of recycled and/or bio-based materials such as natural rubber and certain plant-based oils and resins. In the case of bio-based materials, large-scale projects have been launched to transform supply chains or improve the sustainability of natural materials. ● Project BioButterfly, in partnership with Axens and IFPEN, is expected to enable the development of a butadiene production process using ethanol, a bio-based feedstock. The resulting butadiene will be used to produce innovative synthetic rubbers that are more environmentally responsible. Following the development phase launched in 2015, an industrial demonstrator was commissioned in early 2023, and several tonnes of butadiene have already been produced. In 2024, the demonstrator will be used to optimize the process and build the process book for the first full-scale production plant. ● BioImpulse, a collaborative public/private research project that is helping to create a new, fully bio-based adhesive resin that is safer for human health. The consortium is coordinated by Michelin subsidiary ResiCare. ● Michelin is also a member of BioSpeed, a consortium of companies committed to accelerating the market uptake of next generation bio-based materials. Lastly, Michelin is sustainably and responsibly developing its natural rubber supply chain(1). 4.1.1.3 Supporting biodiversity SDG 8.4 and 15.9 Like every company, Michelin relies on biodiversity and ecosystem services to ensure the supply of raw materials and water, regulate the climate and create conditions for conducting its business sustainably. This is why the Group is stepping up its commitments and initiatives to combat climate change, conserve resources and safeguard biodiversity. 4.1.1.3 a) The Biodiversity Operational Committee Created in 2018 and led by the Sustainability and Impact Department, the multidisciplinary Biodiversity Committee brings together experts from two other Departments, Research and Development and Purchasing, and a team of agronomists in charge of natural rubber production on Michelin rubber tree farms. It prepares the Group’s biodiversity strategy and submits it to the Environmental Governance body. It is tasked with detecting even the most latent issues, assessing emerging risks and defining targets for reducing the biodiversity impact of the Group’s operations. It leads the preparation of roadmaps for the operating units and oversees the deployment network. 4.1.1.3 b) Dependencies and impacts of Michelin’s operations on nature Dependencies Of the 200 or so materials used to make a tire, natural rubber accounts for around 21%(2) of the Group’s purchased raw materials inputs. This means that Michelin is highly dependent on natural rubber to manufacture its products and, in turn, that its income depends on maintaining proper environments for biodiversity and ecosystems. (1) See section 4.1.4.2 c) A dedicated approach for natural rubber. (2) See section 5.1.3 c) Other income statement items .
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