Financial performance Report of the Managers 05 People n Following an assessment by the Fair Wage Network, a globally recognized NGO, Michelin is certified as a “Global Living Wage Employer,” attesting to the ability of the Group's fair compensation policies and practices to guarantee a living wage for every employee in more than 60 countries. n At the Michelin Media Day 2024 event, the Group announces three major innovations to support its transformation and to foster social and societal cohesion in France and around the world: the guarantee of a living wage and a universal social protection floor for all Michelin Group employees; the creation of an ambitious lifelong learning program; and the official presentation of Cataroux Park, a revitalization project unlike any other in Europe and a powerful accelerator of innovation. n The updated Diversity, Equity and Inclusion policy is posted on the corporate website, attesting to the importance the Group attaches to the multi-faceted challenges and growing social expectations surrounding these issues. n Michelin launches a new BIB'Action employee shareholding plan open to 127,000 employees in 46 countries, with the intention of renewing such plans every year so that employees rank among its leading shareholders. The 2024 plan is a resounding success, with more than 56% of employees taking up the offer, for a total of more than 66,000 investors in 46 countries. n Prestigious magazine HR Asia names Michelin Thailand one of the “Best Companies to Work For in Asia 2024 – Thailand.” The award recognizes Michelin’s commitment to its employees and their well-being, in particular by nurturing a quality workplace environment, offering career development opportunities and championing an inclusive corporate culture. n Michelin and Porsche renew their partnership to support Indonesian natural rubber farmers in deploying sustainable farming, environmental and social practices. Known as Cascade, the training project will benefit 6,500 smallholders over the next three years. It is seamlessly aligned with the Group’s long-standing commitment to encouraging eco-responsible, deforestation-free natural rubber sourcing. Planet n The Group announces its intention to apply the recommendations of the Task Force on Nature-related Financial Disclosures (TNFD), in alignment with the targets defined at COP15 in Montreal. The announcement expands on Michelin’s commitments to biodiversity already expressed in 2018 through the act4nature international initiative. n At Tire Technology Expo 2024, Michelin unveils a new light particle analysis system that will deepen knowledge of tire and road wear particles (TRWPs). This major new step forward is aligned with the challenges of the Euro 7 standard, which will define regulatory tire abrasion thresholds. For nearly 20 years, Michelin has been actively engaged in reducing tire abrasion and conducting research on TRWPs. n For the 2024 MotoE™ World Championship round in Portimão, Portugal, Michelin presents its new tires for MotoGP™ electric class bikes containing more than 50% renewable and recycled materials. In line with the Group’s commitment to making tires all-sustainable by 2050, motorsports remain a key testing ground and an accelerator for technological innovations. n The CDP rating organization once again finds that Michelin is demonstrating leadership in tackling the challenges of both water security, with an A- rating, and climate change, with a B rating. n As head of the UN Global Compact France Network, Florent Menegaux presents the new strategic vision for the next six years at its Annual Meeting. Companies will be encouraged to undertake results-oriented commitments to address five priority issues: a living wage, gender equality, climate change, water and financing the UN Sustainable Development Goals (SDGs). n Michelin joins Antin and Enviro to announce the construction of their first end-of-life tire-recycling plant in Uddevalla, Sweden. The project will be based on Enviro’s unique pyrolysis technology, which is capable of extracting carbon black, pyrolysis oil and other raw materials from end-of-life tires. n For the fourth year in a row, Michelin is recognized by international non-profit CDP as a “Supplier Engagement Leader” for the initiatives undertaken with suppliers to measure and reduce their carbon footprints. n The EU-funded BlackCycle project, coordinated by Michelin and aimed at developing a tire circular economy, wins the Environmental Achievement of the Year award at Tire Technology Expo 2024. n For the third consecutive year, Michelin is ranked No. 1 in the tiremaker category by SPOTT, a natural rubber ESG disclosure platform. Its score of 80.9% attests to the Group’s leadership and transparency in responsibly helping to drive progress across the natural rubber value chain. 350 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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