Sustainability Statement Resource use and circular economy (E5) 04 Impacts, Risks and Opportunities (IROs) Brief description Upstream value chain Downstream value chain Own operations Short-term Medium-term Long-term E5 – RESOURCE USE AND CIRCULAR ECONOMY Resources and waste Helping to develop industry-wide recycled and renewable material sourcing capabilities The growing use of recycled and renewable materials requires new value chains, to attenuate risks and decouple economic growth from resource use, while maximizing their value and reuse. By 2022, renewable and recycled materials will account for 30% of Michelin tire components, with a target of 40% by 2030. Positive impact Resource inflows and their contribution to resource depletion Tire manufacturing involves the use of large quantities and a wide variety of resources, which must be managed with care to avoid their depletion. Negative impact Waste produced from end-of-life tires (ELT) Every year, one billion tires reach the end of their useful lives, adding to the four billion already landfilled and causing the potential destruction of natural habitats and the production of methane, CO2 and other polluting gases. Landfills could leak, contaminating water tables and damaging ecosystems with hazardous substances. Negative impact Human health impacts from the mismanagement of end-of-life tires (ELT) Disposal of end-of-life tires can potentially attract rodents carrying zoonotic pathogens and create breeding grounds for mosquitoes, forming stagnant pools and increasing the spread of vector-borne diseases. They can also cause fires. Negative impact Introduction With its manufacturing operations requiring around three million tonnes of raw materials a year, Michelin is confronted with the major issue of resource depletion. This environmental challenge calls both for a significant transformation of manufacturing practices across the entire tire value chain and for continuous, agile realignment to address environmental matters. In response, the Group is deploying strategies that use as few resources as possible and incorporate an increasing proportion of renewable and recycled materials, while optimizing tire design. Thanks to this commitment, Michelin tires deliver longer-lasting performance while requiring less material to manufacture, thereby contributing to the more sustainable use of available resources. n The definition of renewable or recycled materials is currently being validated by the Tire Industry Project (TIP). However, the Group currently considers as renewable any biosourced materials whose stocks are constantly replenished through natural growth or other recurring process at a rate consistent with the pace of their depletion and use. In other words, they are replenished or regrown faster than they are harvested or extracted. n Recycled materials are materials that have been reprocessed, either before or after use, from recovered or reclaimed materials and transformed by a manufacturing process into a final product or component for reuse in a new product. The circular economy model is both a strategic challenge and a growth driver for the Group. Circular practices address the twin imperatives of responding to the environmental emergency and securing the sustainability of the Group’s business operations. The application of this model, which Michelin calls Avoid+4R, for Avoid, Reduce, Reuse, Recycle and Renew, is also helping to make its products, services and solutions more sustainable. It involves eco-designing solutions that address environmental impacts over the entire life cycle and using recycled and renewable materials, with a vision of achieving full circularity in Michelin products by 2050. Mindful of the environmental and health impacts of end-of-life tires, Michelin also pays careful attention to their management and disposal. In many countries around the world, for example, the Group is involved in tire collection operations and is actively supporting the development of recycling value chains. Michelin is working with partners to invest in and also develop extremely innovative, disruptive technologies capable of transforming endof-life tires or tire waste into secondary raw materials. Upstream Downstream OP Upstream OP Downstream Upstream Downstream Downstream 250 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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