2024 UNIVERSAL REGISTRATION DOCUMENT

Sustainability Statement Resource use and circular economy (E5) 04 4.6.2.2 The Eco-design Policy The Eco-design Policy is embedded in the heart of Michelin’s commitment to making more sustainable use of resources and enhancing the circularity of its products. It requires a systemic, methodical focus on attenuating environmental impacts throughout the product life cycle, without transferring any impacts from one stage to another or from one type of impact to another. Applicable across the Group, the Policy defines key eco-design principles, based on the ISO 14006: 2020 and NF X30-264: 2013 standards and the use of life cycle assessments. The LCA application used by the Group was developed in close collaboration with the International Reference Center for Life Cycle Assessment and Sustainable Transition (Ciraig) and is consistent with ISO 14040 and the European Commission's PEF 3.0 methodology. For tires, eco-design means improving mass efficiency, so that products can be designed and manufactured with less material, while maintaining or improving their performance and durability. This not only optimizes the use of resources, it also reflects a circular economy vision, where waste reduction and sustainable resource management are paramount. The eco-design process implies that every Group unit follows the same basic rules applicable to every type of project, whether related to research, products, services or processes. R&D teams are being trained in recycled and renewable materials, LCAs and the eco-design process, with more than 90% of employees trained by the end of 2024. 4.6.2.3 Objectives of the Recycled and Renewable Materials commitment The Recycled and Renewable Materials commitment supports the Group’s eco-design policy and the circular economy process by focusing on increasing the use of secondary resources. It formally expresses Michelin’s dedication to acting effectively to preserve natural resources by phasing out the use of non-renewable natural resources and increasing the percentage of recycled and renewable materials in its purchased manufacturing inputs. 4.6.2.4 The Sustainable Purchasing Policy and the Sustainable Natural Rubber Policy These two Policies(1) are designed to ensure that Michelin sources its raw materials in an ethical, sustainable manner, by mandating compliance with materials traceability standards. 4.6.2.5 End-of-life tire management in the Environmental Policy The management of end-of-life tires is a priority for Michelin, which has created an internal section in its environmental policy to ensure that its products are sustainably managed at the end of their useful lives. This component promotes the “Lansink’s Ladder” hierarchy(2) of waste management options, with a priority focus on prevention, reuse, materials recovery (recycling) and energy recovery rather than incineration, landfill or other forms of disposal. By encouraging materials recovery and reuse, Michelin is helping to reduce waste and foster a circular economy, while attenuating the environmental impacts from new tire production. Note, however, that burning end-oflife tires to recover heat and power can be beneficial in some cases, to avoid the use of fossil fuels. Efficiently collecting and treating end-of-life tires also helps to prevent their attendant environmental pollution and human health risks. Mismanagement, for example, can exert harmful pressures on ecosystems and local populations, particularly through storage risks, such as fires and the proliferation of rodents, mosquitoes and other pests that can spread disease. When the Environmental Policy is revised in 2025, end-of-life tire guidelines will be defined. (1) See section 4.1.5 Holistic management of the Group’s impacts, risks and opportunities. (2) For more on Lansink’s Ladder, see “Challenging Changes – Connecting Waste Hierarchy and Circular Economy”, October 2018, Waste Management & Research, 36 (10), p. 872. Reducing environmental impact Design, development of products/ services All stages in the life cycle ecodesign 252 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN

RkJQdWJsaXNoZXIy NzMxNTcx