4 _221 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 4 NON-FINANCIAL STATEMENT Sustainable Development Report ANALYSIS OF EXTERNALITY COSTS (in € millions) (1) Based on a CO2 cost of €120/tonne over the whole period. (2) Inbound and outbound transportation and distribution of natural rubber, semi-finished and finished product. (3) 2023 with Multistrada. (4) 2024 with Camso, Fenner (except for Scope 3 emissions) and Multistrada. 4.1.1.7 2023 report on the Michelin Group’s activities in respect of the European Taxonomy Regulation Introduction Regulation (EU) No. 2020/852 of June 18, 2020 (the “Taxonomy Regulation”) establishes a framework to encourage investment in sustainable economic activities by requiring companies to disclose the proportion of their sales, capital expenditure and operating expenditure that contributes substantially to the environmental objectives: ● climate change mitigation; ● climate change adaptation; ● sustainable use and protection of water and marine resources; ● transition to a circular economy; ● pollution prevention and control; ● protection and restoration of biodiversity and ecosystems. This information must be disclosed every year in the Non‑Financial Statement, which in France is included in the management report for the year. 2023 scope of reporting As in 2022, companies had to disclose in the 2023 reporting exercise the proportion of their economic activities aligned with the climate objectives (climate change mitigation and climate change adaptation). Following publication of the new European Commission texts in June 2023, companies must now also disclose the proportion of their economic activities identified as eligible with regard to the environmental objectives (water, circular economy, pollution and biodiversity). The sales, capital expenditure and operating expenses reviewed for the purpose of this report concern all of the Michelin Group’s worldwide operations, corresponding to the scope of consolidated financial reporting for the year, in accordance with the provisions of the Delegated Act. Reporting cycle As with the Non-Financial Statement, the reporting cycle is annual, with the data used for this year’s report covering the 12 months from January 1 to December 31, 2023. -12 -104 -32 438 451 590 CO2 Scopes 1 & 2 CO2 Scope 3(2) Water -5 +14 Volatile organic compounds Multistrada 2024(4) 2023(3) 2019(1)
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