4 _257 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 4 NON-FINANCIAL STATEMENT Sustainable Development Report 4.1.2.5 d) Addressing the risk of potentially negative impacts of our business on local communities While its plants and other facilities deliver benefits to local communities, the Group is aware that they can also have potentially negative impacts. In 2019, action principles designed to prevent any risk of a negative impact on local communities were defined based on four situations: building a new production plant, production plants in operation, closing a production plant and buying and managing rubber tree plantations. Key principles include identifying possible negative impact risks, deploying remedial action plans, maintaining dialogue with neighboring stakeholders, introducing a complaints mechanism, focusing on hiring locally and training people in the local community. The document was prepared with input from a variety of stakeholders, including WWF France. One outcome is that new plant construction projects now include local community impact studies, covering such areas as access to land, respect for the community’s cultural heritage and free, prior and informed consent of communities. Independent studies of this type have been performed in India, Indonesia and Mexico, resulting in recommendations that were followed by the Group. In Mexico, for example, before construction began on a new tire plant, the study found a risk concerning land rights in the local community. The Group then determined that it had the legal right to acquire the land and made sure that the project was beneficial to local economic development. In particular, it helped to finance the renovation of local public infrastructure and the creation of a vocational school. 4.1.2.5 e) Making a public commitment to supporting sustainable mobility Transitioning to a low-carbon economy, including low-carbon mobility for people and goods, requires systemic change at every level of society. The challenges are collective by nature, involving international institutions, national and local public decisionmakers, civil society and the private sector. This is why Michelin has long been committed to bringing together a wide range of stakeholders around such sustainable mobility issues as minimizing its environmental footprint (GHG emissions, noise and air pollution), optimizing its operating efficiency, protecting people’s health and safety and ensuring universal access(1). In 2023, Michelin maintained its active commitment to various major global institutional partnerships, and is now internationally recognized as one of the leading champions of sustainable mobility, even in areas outside its core tire business. ● For example, the Group is proud to be the only private-sector representative on the steering committee of the Sustainable Mobility for All (SuM4All) consortium, a major initiative to support countries in the Global South, led by the World Bank and involving a number of UN agencies and multilateral development banks. ● Michelin also expanded its role in the Transport Decarbonisation Alliance (TDA), a coalition of the “3 Cs” (Countries, Cities/Regions and Companies) currently chaired by the state of California, which is advocating for real-world collective solutions for a net-zero emissions transportation industry by 2050. ● Michelin also pursued its active support for the Sustainable Low Carbon Transport (SLOCAT) platform, as the industry’s focal point for the UNFCCC(2), tasked with organizing the participation of non-state transportation stakeholders in successive COPs. Over the years, SLOCAT has become one of the Group’s leading partners in the international arena. In 2023, Michelin further raised its global profile in sustainable mobility issues, with invitations to speak at a number of headline international events during the year, such as the annual Transforming Transportation Summit organized by the World Bank and the 2023 International Transport Forum in May, where the Group participated in a round-table on the transportation industry and the circular economy. At the COP28 Conference in Dubai in late November and early December, Michelin was represented through SLOCAT and other partners. The Group supported the #FossilFreeTransport initiative(3) and participated in a United Nations Global Compact France Network Round Table on the contribution of Compact member companies to climate change. In 2017, Michelin created the Movin'On ecosystem, which it leads alongside around 30 member companies bringing together more than 300 public and private stakeholders. Movin'On is the world’s leading international platform for business-led, multimodal, cross-sectoral, ecosystem-driven innovation. It is dedicated to enabling the emergence of realworld solutions and fostering the behavioral changes that support the sustainable mobility the planet needs. (1) Initiated in 2017 by the World Bank-led Sustainable Mobility for All (SuM4All) consortium, this definition of sustainable mobility based on four policy goals (universal access/efficiency/ safety/green) is now a global benchmark. (2) The United Nations Framework Convention on Climate Change, which is responsible for implementing the Paris Agreement on Climate Change adopted in 2015 at COP 21. (3) A call to double the share of energy efficient, fossil-free forms of land transport for people and goods by 2030, by focusing on shifts to public transport, walking, cycling and rail freight, as well as electric vehicles and railways.
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