Assessing risks and their materiality to manage them more effectively 01 Michelin has deployed a stress-tested worldwide risk management system that is at once robust, efficient and responsive. In particular, to comply with the European Corporate Sustainability Reporting Directive (CSRD), Michelin has performed an in-depth double materiality assessment, which identified its material sustainability matters and their related impacts, risks and opportunities. Increased inter-team cooperation across the Group A Computer Emergency Response Team (CERT) to track cyber intrusions and respond quickly, around the clock and on every continent A shared vision of priority risks and issues Deployed with management teams through simulation exercises and training seminars Optimized management of Internal Audit, Quality, Risk Management and Internal Control activities A crisis management process Led by the Internal Audit, Risk Management, Internal Control and Quality Department Pooled management Audits based on the double materiality matrix Risks identified by the Group’s audit and risk management system Mapped risks A double materiality matrix to measure and prioritize risks Assessing risks and their materiality to manage them more effectively Building on a foundation of robust governance Assessing risks and their materiality to manage them more effectively 54 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
RkJQdWJsaXNoZXIy NzMxNTcx