Sustainability Statement General information 04 Life cycle assessments (LCA) The Environmental Policy is informed by the product life cycle assessment (LCA) process, which is helping to identify and prioritize impacts and drive cross-cutting improvements. The Group’s primary source of data, LCAs provide measurable, multicriteria assessments of the impact of human activity on the environment. In particular, they offer the advantage of assessing several types of impact at each stage in the life cycle of a product or service. This makes them a decision-support tool presenting a comprehensive, holistic view of the impacts from a given product or service, whose findings can be used, for example, as part of an eco-design process. These assessments support the mapping of 16 environmental impacts across every stage in the product life cycle, from the extraction and processing of raw materials to product use and end-of-life recycling. LCAs are being increasingly used across the Group, in particular for each new product range and service line, to improve their environmental ratings. Impacts are assessed using the EF 3.0 method developed by the European Commission. The Group has chosen to measure 16 environmental impacts. The SMEP environmental and risk prevention management system in the production plants Deployed in every production plant, the SMEP is a proprietary system that assesses environmental risks in compliance with ISO 14001 standards. As such, it plays a key role in addressing a number of environmental matters, including climate change, pollution and water resources. It is structured around five processes: n comply with applicable standards; n analyze risks and assess their management; n implement operational management procedures and test emergency plans; n respond to anomalies; n inform, communicate and consult. 4.1.5.1.2. Social matters In 2022, a Master Policy on Human Rights was issued and distributed across the Group and is scheduled for an update in 2025. It can be found on the Michelin website(1). Covering both the Group’s own operations and its value chain, the Policy is an integral part of the duty of care commitment and sets out the Group’s expectations regarding human rights. Its principles are directly guided by the Group’s values, Code of Ethics and international law, particularly the fundamental conventions of the International Labour Organization (ILO), the UN Guiding Principles on Business and Human Rights and the Universal Declaration of Human Rights. They have also been shaped by input from the many working sessions held with the United Nations Global Compact and other organizations dedicated to these issues. (1) Respect for people, a fundamental Michelin value. Stages in the life cycle The "cradle to grave" LCA carried out by the Group covers the entire life cycle, from raw material extraction through to end-of-life collection and treatment, taking into account manufacturing, the different transportation stages and product use along the way. UPSTREAM TRANSPORTATION MANUFACTURING TRANSPORTATION/ DISTRIBUTION USE END-OF-LIFE TIRE TREATMENT Raw material extraction and energy� TRANSPORTATION OF END-OF-LIFE TIRES 194 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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