02 Corporate governance report Supervisory Board practices – Activities in 2024 2.2.11.3 Activities in 2024 The Committee met six times in 2024, on February 5, April 22, July 12, July 22 and December 10 (two meetings), including three joint meetings with the Audit Committee (and two unscheduled meetings at the beginning of the year), with an overall attendance rate of 93.8%. Presentations were generally led by the Head of the Corporate Sustainable Development and Impact Department, with the participation of other department directors or managers, where appropriate. The Committee's work mainly covered the following issues: n Cross-committee matters: l oversight of work to prepare the first Sustainability Statement in compliance with the CSRD (several joint meetings with the Audit Committee), based on (i) a presentation by the Finance Department’s Head of Sustainable Finance of the work on the indicators, the structure and wording of the report, and the discussions with the auditors responsible for certifying the sustainability information, and (ii) a presentation by the auditors responsible for certifying the sustainability information (at one of the meetings) of an overview of the latest regulatory changes and their audit plan; l evaluation of the double materiality assessments (several joint meetings with the Audit Committee), based on status reports and reviews of the double materiality assessments, with (i) detailed analyses of identified IROs and the corresponding KPIs, and (ii) discussions by the Manager and Chief Financial Officer, the Group's Audit and Risk Management Director and the Head of the Corporate Sustainable Development and Impact Department with the auditors responsible for certifying the sustainability information on the status of their work and their audit plan; l participation in a presentation of the principles for managing the CSR aspects of the business, which include organizing CSR governance around five themes (Environment; Human Rights; Health, Safety and Security; Ethics Committee; Sustainable Finance), supported by the work of the Corporate Stakeholders Committee; l ongoing tracking of regulatory developments (in particular the Corporate Sustainability Reporting Directive - CSRD), the European Sustainability Reporting Standards and the sustainability reporting standards and rules adopted within an international framework (International Financial Reporting Standards - IFRS S1 and S2), and an overview of the new rules and regulations and the resources deployed by the Company to comply with them, as presented by the Finance Department’s Head of Sustainable Finance; l ongoing analyses of activities eligible for inclusion in the European Taxonomy, presented by the Manager and Chief Financial Officer; l review of changes in the value attributed to environmental externalities, mainly CO2 emissions, Volatile Organic Compound (VOC) emissions and water withdrawal, presented by the Manager and Chief Financial Officer and the Deputy Chief Financial Officer; l preparation of the Committee's work program for 2025; n Group environmental responsibility matters: l application of the sustainability approach on natural rubber plantations: review of current regulations including the Regulation on Deforestation-free Products (EUDR) and Corporate Sustainability Due Diligence Directive (CS3D), and their consequences for the supply chain, presented by the Head of the Environment and Natural Rubber segment of the Group Purchasing Department; l Tire and Road Wear Particles (TRWP) issues: review of current regulations, impacts, risks and opportunities, presented by the executive responsible for TRWP research in the Research and Development Department; n Social and societal responsibility matters: review of the work performed during the year by the Corporate Stakeholders Committee. The Chair of the Committee reported to the Supervisory Board on the Committee's work on February 9, July 23-24 and December 11, 2024. 107 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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