Profit Business and financial performance guarantees the Company’s sustainability and independence Growth is non-negotiable for Michelin. It directly helps to strengthen our technological leadership and keeps us robust, while maintaining our critical mass in line with the world's largest corporations. In this way, growth helps to secure the Group’s long-term independence, while providing the resources to prepare for the future. The resulting profit finances our innovation drive and helps to attract the talent we need. It also enables us to attenuate our environmental impact, with targets of net-zero carbon emissions and 100% renewable or recycled materials in our tires by 2050. To fulfill this ambition, which stems from a subtle balance between caring for People, making a Profit and helping to safeguard the Planet, Michelin has built an offensive strategy that, in the tire business, consists of systematically positioning the Group in high value-added segments across every market it serves. It also involves new growth drivers, focused on two strategic business segments: The worldwide deployment of connected solutions for managing vehicle fleets, to improve operational safety and energy efficiency. Impelling faster growth in polymer-based composite solutions by capitalizing on our distinctive expertise in materials science and complex industrial processes. ACCELERATING OUR TRANSFORMATION Profit _28 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN Profit
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