4 _203 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 4 NON-FINANCIAL STATEMENT Sustainable Development Report 4.1.1.3 c) Michelin’s commitment to biodiversity The Michelin Group is aware of its nature dependencies and the need to preserve natural resources and restore biodiversity and ecosystems in order to conduct its business sustainably. As such, it is bringing its vision and initiatives in line with the KunmingMontreal Global Biodiversity Framework with a focus on the following targets: ● 7 Reduce pollution risks from excess nutrients lost to the environment, pesticides and highly hazardous chemicals by at least half. ● 10 Sustainably manage land areas allocated to agriculture, aquaculture and fisheries. ● 15 Encourage companies to regularly assess and disclose their risks, dependencies and impacts on biodiversity across their operations, supply and value chains and portfolios; provide information needed for consumers to promote sustainable consumption patterns. As part of this process, in 2023, Michelin further strengthened its act4nature international commitments by adding two new targets for its natural rubber value chain (see section 4.1.1.3 d) below). Moreover, at the World Economic Forum in Davos in January 2024, Michelin expressed its intention to apply the recommendations of the Task Force on Nature-related Financial Disclosures (TNFD) in its 2025 non-financial reporting exercise, as part of TNFD’s inaugural cohort of Early Adopters(1). MICHELIN’S 2030 COMMITMENTS TO BIODIVERSITY AND 2023 OUTCOMES (1) https://tnfd.global/engage/inaugural-tnfd-early-adopters/?_sfm_adoption_year=2025.
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