People: commitment, safety, customer satisfaction, local integration Already one of the best companies in the world for safety in the workplace and employee commitment, Michelin wishes to move even further forward in these two fields and also become a benchmark for diversity and inclusion. For its clients, the group wants to be the best in the sector in terms of created value by guaranteeing everyone top-flight experience equal to its products and services. Firmly integrated in the regions where it has a presence, the Group acts as a responsible company that stands beside the communities with which it interacts. Be world-class in employee engagement Aiming for an engagement rate1 >85 % in 2030 80 % in 2019 82 % in 2020 80 % in 2021 ________________________________________ Be world-class in employee safety Aiming for an accident rate2 <0,5 in 2030 1.43 in 2019 1.19 in 2020 1.29 in 2021 ________________________________________ Be a reference in diversities and inclusion of teams Aiming for an IMDI3 of 80/100 in 2030 62 in 2020 67 in 2021 ________________________________________ Be best-in-class in value created for customers With a NPS4 +10 pts for partners in 2030 38 in 2019 40.5 in 2020 38.9 in 2021 1 Employee engagement rate as measured by the annual “Moving Forward Together: Your Voice for Action” survey 2 Total Case Incident Rate: the number of accidents and cases of occupational illness recorded per 200,000 hours worked 3 IMDI: Diversity and Inclusion Management Index 4 Net Promoter Score: the net difference between a brand’s promoters and detractors Learn more Profit: create value and generate sustainable growth Michelin will rely on its capacity for innovation, its expertise, and its know-how in terms of the tire, and around and beyond this, in order to galvanize its growth. The power of the Michelin brand and the vitality of the offer, nurtured by a sustained pace of innovations, will contribute to the success of its ambitions. Deliver sustained growth Total sales: +5% average growth in 2030 24.1 €bn in 2019 20.5 €bn in 2020 23.8 €bn in 2021 ________________________________________ Deliver continous financial value creation Aim for a ROCE1 >10.5% in 2030 10% in 2019 6% in 2020 10.3% en 2021 ________________________________________ Maintain MICHELIN brand power quotient Aim for a brand vitality quotient of +5 pts vs 2021 in 2030 58 in 2020 68 in 2021 ________________________________________ Maintain best-in-class innovation pace in products and services Aim for brand vitality index >30% in 2030 30% in 2019 29% in 2020 31% in 2021 1Return on Capital Employed Learn more Planet: carbon neutrality and renewable materials Michelin acts both up- and downstream to combat global warming, preserve natural resources and protect biodiversity. This is why the Group wants to be a global benchmark for the environmental footprint of its industrial sites and improve the energy performance of its tires. Michelin is also committed to an ambitious circular economy approach. Reach carbon neutrality by 2050 (manuf. and energy) Aim for CO2 emissions (Scopes 1 et 2) 50% vs 2010 in 2030 24.8% in 2019 36.5% in 2020 29% in 2021 ________________________________________ Contribute to reaching carbon neutrality (usage) Aim for products energy efficiency (Scope 3) +10% vs 2020 in 2030 100 in 2020 100.5 in 2021 ________________________________________ Best-in-class in environmental footprint of industrial sites Reducing i-MEP1 by -1/3 vs 2020 in 2030 100 in 2020 92.6 in 2021 ________________________________________ Reach full circularity of products by 2050 Aim for a sustainable material rate of 40% in 2030 26% in 2019 28% in 2020 29% in 2021 1Industrial - Michelin Environmental Performance. Indicateur pondéré s’appuyant sur la consommation d’énergie, les émissions de CO2, la consommation de solvants organiques, les prélèvements d’eau et la quantité de déchets générés. Learn more Learn more Download document 2030 Vision 02/16/2022 | PDF - 189.56 Ko
