Sustainability Statement Climate change (E1) 04 4.2.8.3 A key contribution to climate change through direct and indirect GHG emissions In accordance with Group guidelines, the levers are based on two major pathways to improvement: energy sufficiency and energy transition: n Energy sufficiency: each site tracks its energy performance using a metric measuring energy used per tonne of product. On the other hand, the amount of released CO2 is consolidated and tracked separately, in absolute terms, at the highest corporate level. n The energy transition also depends on using energy more efficiently, by activating market levers. This has resulted in an assertive approach to developing projects and purchasing renewable heat, cooling and electricity: l Since 2017, all of the Group’s production plants in the European Union use electricity from renewable sources, mainly through direct purchases of electricity with guarantees of origin as defined by Directive (EU) 2018/2001 but also, to a lesser extent, through the purchase of unbundled guarantees of origin. l Electricity with energy attribute certificates (EACs) has been purchased in Brazil, Serbia and China since 2021, and in Thailand since 2022. In 2024, the Group pursued its strategy of purchasing renewable electricity in Mexico, the United States and Indonesia. In all, these contracts represented more than 2,900,000 MWh, for which the corresponding 2024 EACs were duly canceled, and covered more than 61% of electric power consumed during the year. l This sustainable procurement approach also applies to heat and cooling purchases, albeit to a lesser extent because the commercial supply of sustainably produced biogas and biomass is not growing as quickly as the supply of electricity from guaranteed renewable sources. By 2024, 70 production plants, representing 84% of Scope 1 and 2 CO2 emissions, had prepared a 2050 net zero emissions roadmap combining purpose-designed energy efficiency and transition levers, capable of enabling each site to contribute to meeting the Group’s targets. The related projects and initiatives are being led by each plant’s technical advisor, assisted by a network of corporate experts who coordinate issues in their remit. In 2024, a plan was launched to upskill and increase the workforce to deal with water and energy issues. In all, more than 350 projects and initiatives were carried out during the year, requiring the commitment of €107 million in capital expenditure. Capital expenditure on the program over the period covered by the five-year strategic plan is estimated at more than €400 million. Examples in 2024 include: n in France, in the first quarter, the Golbey site commissioned two new heat pumps powered by electricity from guaranteed renewable sources; n at the Bad Kreuznach plant in Germany, a new 5 MWp rooftop photovoltaic array is now supplying power to the site; n in Hungary, since mid-2024, renewable sources have accounted for 91% of Nyiregyhaza’s electricity consumption, thanks to a comprehensive program to electrify the curing presses, install heat pumps and commission two electric boilers to generate the steam still required by the manufacturing process. In addition, while coal accounted for only 621,000 MWh or around 6% of the Group’s total energy consumption in 2024, an ambitious decarbonization initiative is underway to phase out its use as a primary energy source by 2030, with a dedicated roadmap being pursued at the remaining five production sites concerned(1). Progress is being tracked and led by an internal metric measuring the percentage of residual coal in produced or purchased heat and cooling. 4.2.8.4 Scope 3 action levers – reducing emissions from purchased raw materials and components See the "Transition plan for climate change mitigation" in section 4.2 Climate change (E1), above. 4.2.8.5 Scope 3 action levers – reducing emissions from Michelin's transportation operations See the "Transition plan for climate change mitigation" in section 4.2 Climate change (E1), above. (1) The five sites are located in Pirot, Bassens, Louisville, Shenyang and Olsztyn. With the exception of Shenyang, which purchases coal-fired steam, they all burn coal directly in their own boilers. 206 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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