Sustainability Statement Resource use and circular economy (E5) 04 ANALYSIS OF THE YEAR-ON-YEAR IMPROVEMENT IN RRMR IN 2024 A second target, concerning eco-design, was met in 2024, when every new tire range(1) was eco-designed with the support of life cycle assessments. The objective represented a milestone towards the Group’s 2030 target of eco-designing all its products and solutions. These targets are voluntary. 4.6.4.2 Resource outflows Product durability For many years, Michelin has been designing products based on circular economy principles. Its regrooving and retreading solutions, for example, help to extend the useful lives of tire casings, while reducing the quantity of raw material inputs.(2) Michelin tires are designed to deliver guaranteed optimum performance from the first to the last mile, a fundamental source of product durability. In 2019, the Group demonstrated its commitment to road safety by actively supporting a European initiative to introduce minimum safety performance standards for tires in worn condition. Product repairability Tire repairability depends on a number of factors, including the location and severity of the damage and the overall condition of the tire. At present, there is no particular rating system in place to assess tire repairability. The rates of recyclable content in products and their packaging A tire is fully recyclable, within the meaning of both ESRS E5-5-36c (rate of recyclable content is 100%) and United Nations and other regulations(3). In addition, a 2019 TIP study found that 88% of ELTs could be collected and reused either as new material (recycling) or as fuel (energy recovery)(4). In 2024, the Group did not set targets for the recovery and reuse of end-of-life tires, given that several recovery technologies are emerging and it is too soon to determine appropriate targets for each one. As mentioned above in discussing the various actions underway(5), a number of value chains are seeking to recover and reuse ELTs as materials and/or fuel. These processes are expected to eventually replace landfilling and/or incineration as treatment measures. The amount of packaging is not significant, therefore the rate of its recyclable content is not applicable. (1) Michelin-brand radial tires and Camso-brand tracks. (2) See section 4.6.3.2.1 above on retreading. (3) See UNECE, Agreement Concerning the Adoption of Uniform Technical Prescriptions for Wheeled Vehicles, Equipment and Parts which can be Fitted and/or be Used on Wheeled Vehicles and the Conditions for Reciprocal Recognition of Approvals Granted on the Basis of these Prescriptions (Revision 2, including the amendments which entered into force on October 16, 1995), Addendum 132 – Regulation No. 133. Date of entry into force as an annex to the 1958 Agreement: June 17, 2014. Uniform provisions concerning the approval of motor vehicles with regard to their reusability, recyclability and recoverability. The issue is also addressed by Directive 2005/64/EC and the ISO 22628 standard of December 2002. (4) Source TIP 2019, covering 53 representative countries. (5) See above, section 4.6.3 “Towards a paradigm shift: significant circularity initiatives and resources”. 31 1 2 28 2023 Product mix RRMR performance 2024 256 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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