Media Day Michelin 2024

• A guaranteed living wage and universal social protection floor for all Michelin employees worldwide.

• A new and ambitious lifelong learning policy.

• The official presentation of Parc Cataroux, a one-of-a-kind redevelopment project in Europe and an innovation accelerator.

The Group has adopted an ambitious value-creation approach underpinned by both economic and financial performance, together with actions to protect the planet and foster people development. These three dimensions are mutually dependent. Our ambition can only be achieved by taking the human aspect fully into account.

At Michelin, we call that: “offering everyone a better way forward”.

INNOVATION THAT FOSTERS SOCIAL COHESION

A living wage, a universal social protection floor and a policy of lifelong learning.

Employee engagement: a priority for Michelin

Employee engagement is a priority for Michelin because it is essential for achieving the Group’s ambitions through to 2030.

1. Make work meaningful: The Group makes each employee’s work meaningful and rewarding.

2. Build trust: Michelin ensures that each employee trusts the company by respecting people and enabling everyone to have their say.

3. Promote managerial quality: The Group attaches great importance to the quality of management, because it knows that this has a direct influence on employee engagement.

4. Give everyone the same chances and opportunities: Michelin is committed to ensuring that all of its employees enjoy the same chances and opportunities.

Rolling out the living wage

Rolling out the living wage on a global scale ensures that every employee’s pay is sufficient to not only meet their family’s essential needs (food, housing, transport, children’s education, healthcare expenses) but also to set aside precautionary savings and purchase consumer goods.

The universal social protection floor is part of the “michelin one care program”

This program assures all Michelin Group employees worldwide of a set of social protection benefits that address three priorities:

• offer time to welcome a child;

• protect the family of a deceased employee;

• provide access to a health program for all employees and their family.

The creation of an ambitious lifelong learning policy

The aim here is to go beyond the traditional notion of continuing education, which is undertaken only on occasion when a specific need arises or for a change of job. Instead, all Group employees will now have easy, permanent access to training throughout their career.

The Michelin Group is a global company that has managed to maintain solid local roots. With 121 production facilities spread over the five continents, Michelin is present in 175 countries and employs over 132,000 employees around the world.

One of Michelin’s objectives is to support the territories in which it is based. This initiative is not confined solely to the Group’s business: it also contributes to the attractiveness of these territories. This is because, for Michelin to attract talents, the regions in which it operates must have a thriving economy. This vitality does not depend solely on the Group itself, but also on all of the small- and medium-sized companies that constitute the wealth of these regions.

Michelin recognizes the importance of supporting the regions in which it operates. These regions have contributed significantly to the Michelin Group for over 130 years. When a site closes or is restructured, Michelin assumes two commitments:

1- Caring for those affected: Michelin is committed to ensuring the well-being of each individual affected by the restructuring and to supporting their professional transition towards a new future.

2- Create new jobs: Michelin is committed to recreating as many jobs as were lost within a radius of around 50 kilometers of the affected site.

Parc Cataroux is an ambitious project aimed at transforming Michelin’s historical industrial site into an innovative district that is a driving force for economic, social and cultural buoyancy. The project, which Michelin kicked off in January 2021, extends over the 42 hectare site of the century-old Cataroux plant, the birthplace of Michelin’s industrial operations. It will entail a total investment of 300 million euros, mainly from private investors, in tandem with a large number of the region’s public and private partners.

Parc Cataroux relies on four complementary innovation hubs:

1. The Training hub: This hub aims to develop lifelong employability by offering excellence training in the job fields of the future. It includes the Manufacture Des Talents / Talents Campus, a Michelin Group corporate university opened in 2022, along with Hall 32, a training center for the manufacturing trades, created in 2019 in partnership with the French National Education Ministry.

2. The Sustainable Materials Center (CMD): This center supports the development of innovative materials and recycling facilities to expedite the transition to a circular economy. In 2021, Carbios, a company that sells revolutionary enzymatic solutions for end-of-life plastic and textile polymers, was the first to set up base in this hub. Another four companies joined the CMD in 2024.

3. The Collaborative Innovation Hub (PIC): This vast, 18,000m² space set aside for innovation stakeholders is slated to open in December 2025. It will host up to 2,500 people a day and bring together businesses, non-profits, universities and business networks. The PIC will be one of the largest co-living and co-working spaces in Europe.

4. The Quartier des Pistes: Michelin has unveiled plans to create a 10 hectare district by 2028, on the area occupied by the former Michelin test tracks, in the heart of the Clermont-Ferrand metropolitan area. This rehabilitation will preserve a unique industrial legacy while at the same time promoting environmental excellence. Three hectares of plantations will be developed in keeping with the forecast climate change in the area.
   

Michelin and its partners have set out to develop a district that is lively, inclusive and attractive for both inhabitants and visitors to Clermont-Ferrand.