PLANET Contributing positively to the planet and its inhabitants For Michelin, preserving the planet is an integral part of its history and values. This is why it is one of the three bottom lines in the All Sustainable vision, supported by a set of commitments aimed at reducing the Group’s environmental footprint. By 2030, for example, every product and service line will be covered by life cycle assessments, which are already being performed on new product lines. The Group’s objective is to extend this approach to its services portfolio, which is being further enriched every year. The Group is also committed to incorporating at least 40% renewable and recycled materials in its tires by 2030. In 2023, we were already at 28%. Our progress towards this goal, which is being driven both by internal developments and an array of partnerships, supports our confidence in Michelin’s ability to meet the 2030 target, as well as the more ambitious 2050 objective of producing products entirely from renewable and recycled materials. At the same time, the Group is leveraging these initiatives to reduce its biodiversity impact by conserving more of the planet’s resources, including water, which is the focus of particular attention. The last measure being deployed to shrink the Group’s environmental impact is the pathway to net-zero carbon emissions by 2050. Several levers are being activated to meet this objective, the most important of which is improving the energy efficiency of our production facilities. Lastly, our positive contribution to the planet and its inhabitants is underpinned by an offensive innovation policy that is further attenuating the impact of using our products. Two examples of innovation outcomes where Michelin is applying its distinctive expertise are reducing tire rolling resistance and abrasion, without compromising their safety performance. ACCELERATING OUR TRANSFORMATION Planet _36 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN Planet
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