_274 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 4 NON-FINANCIAL STATEMENT Sustainable Development Report 4.1.4.2 a) Governance and organization Clearly defined policies In April 2021, Michelin published its Sustainable Purchasing Policy, which defines the Group’s main responsible sourcing guidelines and commitments, covering such issues as the environment, human rights and ethics. It may be downloaded from https://purchasing.michelin.com/en/sustainable-purchasing/. The Policy is built on three of the Michelin Purchasing Department’s fundamental reference documents: Michelin Purchasing Principles Issued in 2012 and revamped in 2020 Specify the Group’s environmental, social and ethical standards and expected performance Included in every Group procurement contract and the general terms and conditions of purchase Supplier Relations Code of Conduct Issued in 2021 Concerns all Group employees involved in supplier relations An integral part of the Group’s Code of Ethics Sustainable Natural Rubber Policy See section 4.1.4.3.c A global organization The Group has around 40,000 suppliers located on every continent, while the Purchasing Department has some 770 employees based around the world. The Purchasing Department is structured around four procurement categories: It is seamlessly integrated into the Group’s CSR Governance system. The Chief Procurement Officer is a member of the Environment and the Human Rights Governance bodies and the Ethics Committee. Reporting directly to this position is a Sustainable Development Manager, who participates in the Group’s operational committees dealing with the circular economy, climate change, biodiversity, human rights and ethics. The responsible purchasing process is coordinated at the corporate level and managed in each purchasing category and each Region, with the support of a global Responsible Purchasing network. The Chief Procurement Officer is also a member of the Group Management Committee. A continuous, award-winning process The Group’s assertive commitment to responsible procurement is reflected in the performance improvement initiatives led year after year, the suite of dedicated indicators tracked by department teams, and the continuous training buyers receive in CSR issues. Recently acquired companies are integrated into the Group’s purchasing processes gradually, following their own timetable. A signatory of France’s Responsible Supplier Relationships Charter since October 2012, Michelin was awarded the label of the same name in June 2014. In 2019 and again in July 2022, Michelin was awarded the French government’s Responsible Supplier Relations and Procurement label, which highlights French companies that have demonstrated the ability to foster balanced, sustainable relations with their suppliers. The label was renewed in 2023. In 2019 and again in 2022, Michelin’s purchasing practices were certified as mature with regard to the new international ISO 20400 “Sustainable Procurement” standard. Issued by an approved third-party organization, the certificate attests to the demonstrated effectiveness of the Group’s responsible procurement practices. Lastly, following its CSR audit by EcoVadis, in 2023, Michelin was awarded a score of 80/100 in " Responsible Purchasing ", for the sixth year running, ranking the Group among the top 1% of suppliers rated in the “Manufacture of Rubber Products” category. Raw materials Natural rubber Industry and energy Services
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