01 with Managing Chairman Florent Menegaux Interview What’s new in this document and what are the key takeaways for Michelin? This Universal Registration Document includes the Sustainability Statement, in application of the Corporate Sustainability Reporting Directive (CSRD). By basing this exercise on European reporting standards, we are making it easier to compare the performance of different companies. This represents a major factor of differentiation for Michelin, vis-à-vis both our competitors and the rest of the industry. It also enables us to use a common language in addressing environmental, social and governance matters. The entire Document reflects the extensive work of a wide array of Michelin teams, to whom I would like to extend my warmest appreciation. customers meet all their operational, people and environmental challenges. And it’s our ability to move from proposing recommendations to implementing the right solution with our customers that gives our solutions their high value. Michelin also offers unforgettable travel experiences, that are further enhanced by innovative digital services. By extending our restaurant recommendations to characterful hotels, we’re continuing to transform the daily lives of the millions of travelers who rely on the Michelin Guide. What does Michelin’s future look like? For each of the major challenges we are collectively facing, Michelin can deliver innovative responses. To meet the challenge of safeguarding our planet and its resources, we are steadily attenuating the environmental impact of our initiatives, products and services, while helping our customers to reduce theirs. Our eco-design processes are enabling us to address the impact of our solutions across their life cycles, right from the design stage. We are always mindful that the technological revolution must serve the needs of people. In our operations, we’re realizing the full potential of artificial intelligence to make our processes more efficient, so that people can focus on higher value-added tasks. And we’re committed to offering our customers all the benefits of truly connected mobility. Lastly, Michelin will continue to play a pioneering role in supporting social change. In a fragmented world, where there is a real risk of losing social cohesion, work has to fulfill all its promises of personal growth and inclusion. With our talent campus, the Manufacture des Talents, we want to enable everyone to continue learning throughout their working lives, so that they can fulfill all their aspirations. In everything we do at Michelin, we know that some aspects will never change: our pioneering spirit, our passion for technology, and our constant focus on people. “Our ability to leverage our proficient materials expertise to design composites with a myriad of applications is constantly reshaping our playing field.” 10 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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