Sustainability Statement General information 04 Calculation methodology used for the metrics and main estimates The quantitative metrics disclosed in this Sustainability Statement are calculated on the basis of actual data, except for the following, which are a composite of actual and/or estimated data: n E3-4(28) (Water consumption) has been calculated from actual withdrawals, minus the estimated quantity of water discharged (see section 4.4.4.3 Water consumption metric (own operations), below); n E1-6(44)(c) (Scope 3 CO2 emissions) has been calculated in accordance with GHG Protocol recommendations, based on actual data and estimates derived from primary data from suppliers and customers, as well as from external databases. This method is inherently somewhat uncertain; n E2-5 (Substances of very high concern) has been calculated on the basis of actual or estimated raw materials purchasing data (see section 4.3.7.3 Substances of concern (SOCs) and very high concern (SVHCs), below). Certain external data have been also used, such as the emission factors used in the CO2 calculations. These data present a risk of uncertainty and may vary over time. Metrics not disclosed in 2024 Despite the efforts to collect data and develop a robust methodology, the Group has not disclosed the following metrics in this first reporting exercise: n water pollution (E2-28(a)); n substances of concern (E2-5, 34); n water recycled and reused (E3-4, 28(c)). With regard to the E2-4, 28(b) metric (microplastics generated or used), it has not been disclosed because the Group does not consider tire and road wear particles to be microplastics. Information on tire and road wear particles may be found in section 4.3.3 of this document. As part of a continuous improvement process, the Group is pursuing action plans to ensure that these metrics can be disclosed in the future (see below sections 4.3.7.2 for Water pollution, 4.3.7.3 for Substances of concern (SOCs) and 4.4.4.3 for Water recycled and reused). This Statement does not deviate from the medium or long-term time horizons defined in ESRS 1. Lastly, Michelin may amend or update certain reporting and disclosure procedures as needed to reflect best practices and financial authority recommendations. Sustainability reporting standards other than ESRS (CSRD) In addition to the ESRS used to prepare this Sustainability Statement, the Group is mindful of the emergence of international sustainability reporting standards and the expectations of stakeholders. In this evolving environment, Michelin also recognizes the GRI reporting standards and the International Sustainability Standards Board’s IFRS Sustainability Disclosure Standards S1(1) and S2(2) released in June 2023. The Group applies all the recommendations of the Task Force on Climate Related Financial Disclosures (TCFD) issued on June 29, 2017 and incorporated into the ISSB standards. In 2024, it also undertook to early adopt the Task Force on Nature-related Financial Disclosures (TNFD) framework. Lastly, the Group has pledged to uphold the United Nations Global Compact and the deployment of its Sustainable Development Goals (SDGs). (1) IFRS Sustainability Disclosure Standard S1 – General Requirements for Disclosure of Sustainability-related Financial Information. (2) IFRS Sustainability Disclosure Standard S2 – Climate-related Disclosures. 174 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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