01 Putting people first in our vision Since the beginning, social innovation has been a hallmark of Michelin’s identity and a powerful force driving its growth. Caring for employees For Michelin, there can be no strategic vision without taking people into consideration. That’s why the Group is committed to its employees, who dedicate their time and energy to forging its success. The Michelin One Care program, for example, provides every member of the corporate community with a universal social protection floor focused on three key priorities: giving employees time to welcome a new child into the family; protecting the family in the event of an employee’s death; and offering healthcare insurance to supplement national systems in covering care and prevention costs This culture of care is also reflected in a commitment to paying employees a living wage that enables them to live with dignity. This commitment has been recognized by the Fair Wage Network NGO, which certified the Group as a “Global Living Wage Employer”(1) in early 2024. Michelin also believes deeply in the values of inclusion and equal opportunity. It takes care that every individual is respected and valued at every level of the organization, and fights against all types of discriminatory practices. Helping everyone improve their employability To foster engagement of every employee and improve their employability, Michelin strives to support each person throughout their careers. It offers everyone excellent training in future-facing jobs, in particular at the Manufacture des Talents talent factory opened in 2022 and in the Hall 32 training center, dedicated to manufacturing skills-sets. This training commitment has grown increasingly prominent over the years, with employees now able to access more than 26,000 learning and development programs. Supporting host regions and local communities When the Group is obliged to restructure in response to changes in its environment, it works with Michelin Development, its in-house economic development agency, to help revitalize the impacted regions by supporting the creation of sustainable jobs and the emergence of new business activities. On the site of its historic production plant in Clermont-Ferrand, France, for example, Michelin has created Parc Cataroux, a unique program that embodies the power of Michelin’s innovation and brings together all the public and private stakeholders who share its commitment to making a positive social contribution to the community. The common thread running throughout Parc Cataroux is innovation in all its forms, which is expressed in four clusters full of promise for the region’s future economic, educational and cultural fabric: (i) The Manufacture des Talents talent factory to train people in current and emerging jobs; (ii) the Center for Sustainable Materials to foster the development of recycling technologies and the circular economy; (iii) the Collaborative Innovation Center to support the emergence of impact economy projects; and (iv) a sports, fitness and cultural venue. In every host region, Michelin engages with local communities through its Michelin Volunteers program, which encourages employees to get involved in outreach projects. In 2024, for example, 18,963 such projects were carried out during the year. Lastly, as a leading purchaser of natural rubber, Michelin actively promotes sustainable management practices in the rubber-tree farming value chain by offering smallholders in-field training to help them increase their income. (1) The scope of certification included all Michelin Group companies, excluding those recently acquired or in the process of being sold. Putting people first in our vision Turning challenges into success Putting people first in our vision 28 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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