4 _255 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 4 NON-FINANCIAL STATEMENT Sustainable Development Report ● In addition to an existing agreement, Michelin Development and France Active Auvergne are leading a three-year trial program aimed at creating 180 jobs at a cost of €270,000. The program extends Michelin Development’s reach and strengthens its contribution to economic growth by supporting projects that create at least five permanent jobs. In both the Puy-de-Dôme and Haute-Loire labor markets, the partners’ shared commitment is to drive the emergence of new projects, foster entrepreneurship and consolidate and contribute to the creation of new jobs in the two regions. For Michelin Development, the partnership is a structural vector for enhancing the appeal of its host labor markets and maximizing its jobs impact. ● Michelin Development helped to create L’Abel Initiative, the first EBE in the Vosges region, by providing technical support and funding to the TZCLD association in Thaon-Vincey. In addition, Michelin Development signed a partnership agreement with L'Abel Initiative to subsidize the creation of the first 30 new jobs with a grant of €30,000. The new employees, based in three facilities, were offered a variety of jobs, such as shoe sorting, fabric cutting for industrial wipes and woodworking (carpentry, Christmas decorations, etc.). Applying a similar approach in many countries Since 2002, similar organizations have been set up in other countries. In Spain, Michelin Development’s operations are managed by Fundación Michelin España Portugal, which supported the creation of 18 jobs in four companies in 2023. Since 2004, Michelin Development has committed more than €8.7 million in Spain, enabling the creation of 4,500 jobs in more than 700 companies based in labor markets around the Group’s four Spanish plants. In Italy, Fondazione Michelin Sviluppo (FMS) was especially active in 2023 in forging and strengthening ties with local stakeholders, such as incubators and manufacturers associations. Its engagement, both as sponsor and/or jury member in specialized competitions, enabled it to showcase the start-ups in its portfolio. No new projects were approved during the year, but preparations were made for 2024. In all, around 2,500 jobs have been created since 2005 and some €2.4 million in direct funding has been granted to 334 approved applicants. In the United Kingdom, following the announcement in November 2018 that it was phasing out tire production at its Dundee plant, Michelin approached local public authorities with a plan to co-construct an ambitious project to transform the site. In December 2018, a memorandum of understanding was signed between Michelin, Dundee City Council and Scottish Enterprise, Scotland’s national economic development agency. In June 2019, the three parties became equal shareholders in a new company, Michelin Scotland Innovation Parc (MSIP), which acquired the Dundee site’s 32 hectares of land and buildings on January 1, 2021 with funding provided equally by the Scottish public authorities and Michelin. Since then, facilities have been leased to 14 public and privatesector companies, with the creation of net 35 jobs bringing the total number of jobs on the site to 188. The objective remains to create as many jobs on site by 2030 as when tire production was terminated. 4.1.2.5 b) Participating harmoniously in local community life through our employees Michelin is pursuing its long tradition of social engagement, with a wide range of philanthropic and community outreach initiatives conducted locally and regionally by the plants, the country organizations, the Regions and, since 2014, the Michelin Foundation. The Michelin Volunteers program reflects the Group’s commitment to encouraging volunteer work in community outreach initiatives, to foster engagement, pride and the development of new, non-job related skills. The Group-wide target of 20% of employees involved in such initiatives in 2030 is closely tracked by a new reporting process, based on an internal web platform whose easy access from any Michelin facility simplifies data acquisition and consolidation. Participation again climbed sharply in 2023, with close to 19,700 employees engaging in voluntary initiatives in every region of the world. Compared with the nearly 10,900 participants in 2022, the strong upturn attests to employees’ enthusiastic embrace of the revised policy. During the year, the main initiatives concerned health and community outreach (29% of projects) and education (26%), followed by environmental protection (12%), sports (9%), inclusion and culture (7% each). In all, Michelin employees donated around 8,600 days to projects in local communities around the world. Examples include: ● a road safety initiative in partnership with the Shanghai police in China, in which 200 Michelin employees volunteered to talk with and raise the consciousness of road users; ● training courses in a variety of skills, from management to sustainable development, for young farmers in southern Bahia, Brazil; ● regular food collection drives and meal-box distribution to people in need organized by employees in the United States;
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