English Français Annual report Performance & ambitions Michelin at a glance A global footprint Michelin heritage Trends & Challenges Michelin in motion Our business model Our businesses Expanding with tires Expanding around tires Expanding beyond tires Our transformation drivers Our governance Our organization Ethics, Integrity and Compliance Risk management Performance & ambitions Ratings People Planet Profit The Michelin share Download document Performance & ambitions Our capital allocation policy, is designed to strike the right balance between investing in growth, maintaining a reasonable amount of debt and sharing value with our stakeholders. Yves Chapot General Manager and Chief Financial Officer Discover more Motion for life Michelin at a glance + Read more Our all sustainable strategyfor 2030 Michelin in motion + Read more Our organization Our governance + Read more