04 Sustainability Statement General information Why and with whom is the Group engaged? How and on which issues? 2024 initiatives addressing the interests and views of stakeholders SHAREHOLDERS AND INVESTORS The Investor Relations team nurtures ongoing communication and dialogue with Group shareholders to keep them as well informed as possible about the Group’s strategy and its financial and non-financial performance. n In-person roadshows. n Online roadshows. n Automotive and ESG conferences. n Shareholder events. n Rating agency questionnaires. Leading issues: the All Sustainable vision, materials and composites, and technological leadership. In 2024, the Group organized a number of events for shareholders and investors, including: n the Capital Markets Day in May: n an annual roadshow in October, dedicated to governance issues; n A roadshow addressing ESG issues in November. SUPPLIERS Engaged discussions on the Group’s vision and objectives, with Supplier Relationship Management (SRM) reviews addressing the sustainability issues impacting each purchasing category and supplier. The findings of these reviews support the deployment of joint improvement plans, in particular with strategic suppliers and for natural rubber and other raw materials. n Supplier segmentation reviewed annually. n Key supplier relationships tracked through regularly scheduled SRM reviews. n Strategic relationships with certain suppliers, in particular to support the CO2 roadmap. n A dedicated natural rubber roadmap. n A CSR questionnaire for other raw material suppliers. Leading issues: the All Sustainable vision, responsible purchasing, natural rubber, raw materials, climate, CO2 and energy, human rights, health and safety. 2024 highlights included the following initiatives: n “Responsible Supplier Relations and Procurement” label renewed during the year; n developing a CSR questionnaire for suppliers of raw materials other than natural rubber. PUBLIC AUTHORITIES AND TRADE ORGANIZATIONS Through its Public Affairs Department, the Group engages in ongoing dialogue with public authorities, trade associations and non-governmental organizations (NGOs) in a commitment to (i) raising the quality of public debate and decision-making; (ii) helping to promote, expand and defend the Group’s interests; (iii) capturing as far upstream as possible positive or negative developments likely to impact the Group; and (iv) proactively responding to potential crises. n Initiatives undertaken either directly by the Group or indirectly through organizations in which it is a member. These include (i) tire industry trade associations, such as the European Tyre and Rubber Manufacturers’ Association (ETRMA) and the US Tire Manufacturers’ Association (USTMA); (ii) crossindustry associations such as the Association Française des Entreprises Privées (AFEP), the European Round Table of Industrialists and Plateforme de la Filière Automobile (PFA) in France; and (iii) various French and European chambers of commerce. Leading issues: product regulations, the circular economy, our manufacturing footprint, the value chain, the non-financial reporting process and sustainability standards. Among the positions defended by the Group in 2024 were: n supporting, alongside the California state government, the introduction of minimum rolling resistance performance standards that would ban the least energy-efficient tires from sale; n supporting the introduction of minimum tire abrasion standards in the Euro 7 Regulation to reduce tire and road wear particle emissions; n supporting the removal of legal status of waste for end-of-life tires, to speed the transition to greater circularity in Europe; n supporting the creation of a global carbon price; n submitting proposals for the operational implementation of the EU Deforestation Regulation, to ensure effective enforcement without any negative impacts on the value chain. 183 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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