chapTER 01 COMPANY PROFILE 6 Interview with Managing Chairman Florent Menegaux 8 MANUFACTURING IN A WORLD FULL OF CHALLENGES 11 The major challenges shaping our business environment 12 Growing in a complex, uncertain environment 14 Our business model 16 Four business lines 18 Pursuing our 2030 strategic vision 20 Michelin’s environmental strategy 22 Performance // Profit 24 Performance // People 25 Performance // Planet 26 TURNING CHALLENGES INTO SUCCESS 27 Putting people first in our vision 28 Capitalizing on our innovation leadership 30 Our distinctive capabilities 32 The tire business 36 Polymer Composite Solutions 40 Connected Solutions 42 Lifestyle activities 44 Financial and non-financial ratings 46 BUILDING ON A FOUNDATION OF ROBUST GOVERNANCE 47 Stable, balanced governance 48 The Group’s strategic and operational management 50 The Supervisory Board 52 Supervisory Board committees 53 Assessing risks and their materiality to manage them more effectively 54 Ethics, the bedrock of our corporate culture 55 Ownership structure and voting rights 56 Share information 57 Presentation and strategy of the Michelin Group 5 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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