Risk management

A robust system

Risk management

A robust system

Michelin has deployed an enterprise risk management (ERM) system that complies with the reference framework of the French securities regulator (AMF) and the international professional standards of the Committee of Sponsoring Organizations of the Treadway Commission (COSO).

Michelin has deployed an enterprise risk management (ERM) system that complies with the reference framework of the French securities regulator (AMF) and the international professional standards of the Committee of Sponsoring Organizations of the Treadway Commission (COSO).

A single corporate department

Internal Audit, Risk Management and Internal Control activities facilitates a shared vision of the primary risks and challenges, and cooperation among teams.

An efficient crisis management system

It is deployed among the executive teams through full-scale simulation exercises and training seminars. An emergency response team tracks cyber intrusions and stands ready to respond quickly at all times across all continents.

Global insurance programs

They cover the most significant insurable risks, including property & casualty/business interruption, liability, accidental pollution and cyber risk. They cover all of the Group’s majority-owned subsidiaries.

11 risk factors

highest-impact specific to the Michelin Group

URD_gestion-risques_graph-impact_EN

CSR issues and the materiality matrix

To define and manage its main social responsibility issues, Michelin uses a materiality matrix that reflects stakeholder perceptions. The matrix was updated in 2021.

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