04 Sustainability Statement Climate change (E1) 4.2.2 DECARBONIZATION LEVERS The table below describes the levers that Michelin is activating to meet its 2030 SBTi-approved decarbonization targets. 2019 2023 2024 2030 Scopes 1 and 2 Michelin emissions (MtCO2 Scopes 1 and 2) 3.2 2.3 2.0 1.7 Total gains (MtCO2) (0.9) (1.2) (1.5) Reduction vs. 2019 -28% -37% -47.2% Scope 3 Raw material procurement Michelin emissions (MtCO2 85% of Scope 3 cat. 1) 8.8 7.7 7.2 6.3 Total gains (MtCO2) (1.1) (1.6) (2.5) Reduction vs. 2019 -13% -18% -27.5% Transportation and distribution Michelin emissions (MtCO2 29% of Scope 3 cat. 4 and 100% of cat. 9) 1.4 1.0 1.0 0.98 Total gains (MtCO2) (0.34) (0.34) (0.38) Reduction vs. 2019 -25% -26% -27.5% Upstream purchased energy Michelin emissions (MtCO2 Scope 3 cat. 3) 0.57 0.47 0.43 0.42 Total gains (MtCO2) (0.10) (0.14) (0.15) Reduction vs. 2019 -18% -25% -27.5% 4.2.2.1 Scopes 1 and 2: Energy sufficiency and the energy transition Michelin is pursuing its decarbonization strategy with the goal of reducing Scopes 1 and 2 CO2 emissions from the operations of its production plants. The strategy is based on the prioritizing hierarchy of levers, which represents a fundamental principle shaping every aspect of the Group’s Environmental Policy, including the climate strategy. The principle translates into: n consuming less, to encourage energy sufficiency; n consuming better, to pursue efforts to further the energy transition. The first practice is being instilled through an energy sufficiency plan designed to optimize energy efficiency in the production plants by applying best practices and deploying such technical solutions as challenging needs in the project design phase, tightening fluid leakage controls and managing production shutdowns and restarts. The second practice combines two types of action levers: n technical levers, which involve upgrading heating and cooling infrastructure to use less carbon-intensive energies. For example, boilers burning coal, natural gas or other fossil fuels are being replaced with installations using renewable energies, such as biomass-fired boilers or electric boilers powered by renewable electricity; n market levers, which involve purchasing less carbon-intensive energies. The Group is exploring a wide array of sustainable solutions to use renewable sources to generate both electricity and heat and cooling. AVOID RENEW REDUCE REUSE RECYCLE • Reduce by doing more with less. Use insulation, automation, and more energy-efficient equipment. • Reuse by closing heat transfer loops. • Recycle by capturing heat for another application. Install dual-flow ventilation and heat pump systems. • Scrutinize the need (design and size). • Instill an “energy-efficient” culture. Energy efficiency levers • Use of renewable energies. Emission factor levers 199 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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