4 _211 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 4 NON-FINANCIAL STATEMENT Sustainable Development Report These improvements were driven by a two-pronged strategy designed to: 1. reduce energy use; 2. shift to a less carbon-intensive energy mix. The first objective is being pursued through an energy efficiency process in the production plants, while the second is being met by activating both structural levers, to upgrade energy supply infrastructure to use less carbon-intensive energy solutions, such as electric steam boilers, and market levers to purchase less carbon-intensive energies. In 2023, CO2 emissions in the i-MEP scope of reporting decreased by 6.1% year-on-year, despite the inclusion of Multistrada emissions (110,000 tonnes of CO2). The decline was attributable to: ● the 4.8% decrease in output(1); ● a 1.56% improvement in energy efficiency, led by such factors as the implementation of net-zero roadmaps reviewed by each facility, the application of best practices in curing, compounding and building air management, and process electrification; and ● an increase in the proportion of electricity from guaranteed renewable sources in the power mix, to 54% from 52%. Improving energy efficiency ENERGY USE, 2019-2023* (i-MEP scope of reporting) (base 100) * Absolute value. 2030 Roadmap Since 2020, the technical levers to be activated over the current decade have been identified and organized into three families: 1. Applications of best technical practices. 2. Process electrification. 3. Heating plant and utility decarbonization projects. Together, these projects are expected to improve energy efficiency by 37% in 2030 compared to 2010, including a 24% improvement between 2019 and 2030. 2023 Outcomes Energy efficiency improved by 1.56% year-on-year in 2023. The performance, which fell short of the targeted 3% a year, stemmed from fixed energy use. In response to the energy crisis in Europe, in 2022 the Group launched an energy conservation plan based on the disciplined application of best practices: ● recommended thermostat settings by building and by season; ● tighter fluid leakage control; ● management of production shutdowns and restarts. In all, 361 projects were completed in 2023, requiring €114 million in capital expenditure, committed as follows: ● Application of best practices: 39%; ● Process electrification: 42%; ● Heating plant and utility decarbonization projects: 19%. 2024-2028 plan The 2024-2028 strategic plan is built on a forecast gain in energy performance of around 3% a year. The capital budget to meet our objectives will remain around an average €90 million a year. Driving the Group’s energy transition 2030 Roadmap As part of its commitment to achieving net zero carbon emissions across its entire production base by 2050, the Group has set an intermediate target of reducing its emissions by 27.5% by 2030 compared to 2019. In addition to improving energy efficiency, the Group is exploring a wide array of sustainable solutions to use renewable sources to generate not only electricity but also heat by burning biomass and biogas as fuel. The latter is a more difficult challenge, as the commercial supply of sustainably produced biogas and biomass is not growing as fast as the supply of electricity from guaranteed renewable sources. At the end of 2023, 69 plants prepared their 2030 roadmap, based on a combination of the most fit-for-purpose projects to drive energy efficiency (consuming less) and the energy transition (consuming better). 2023 Outcomes Increasing the use of renewable energies In a commitment to sustainably reducing the Group’s carbon footprint, strategies have been in place since 2008 to increase the use of renewable energies. (1) Of finished and semi-finished products. 2019 100 103 97 93 2021 2022 2023
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