Performance and Transparency
in business conduct

Results of the Group's ambitions at end-2020

Michelin’s All-Sustainable approach seeks a balance between People, Profit and Planet with twelve Ambitions for 2030 drawn up in 2021.

Results of the 2020 biodiversity

Ambitions for 2030

People


• Aim for an employee engagement rate¹ > 85%.
• Achieve an accident rate (TCIR)² < 0.5
• Be a leader in diversity inclusion with an IMDI³ of 80/100
• Create value for customers with a Net Promoter Score⁴ of: +10 pts for partners; +5 pts for end-user customers

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 

Profit


• Achieve 5% growth in sales/year, 2023 to 2030, and ~20-30% of consolidated sales from businesses other than tire manufacturing and distribution
• Continuously create value, ROCE¹>10.5
• Maintain the strength of the MICHELIN brand² +5 pts vs. 2021
• Maintain the sustained pace of product and service innovation³ >30%

¹ In calculating consolidated ROCE, goodwill, acquired intangible assets and shares in equity-accounted companies are added back to Economic assets. Net operating profit after tax (NOPAT) includes the amortization of acquired intangible assets, as well as profit from equity-accounted companies (see section 3.6 of the 2020 Annual Results Guide, available at www.michelin.com/en).

² Composite indicator used to measure the brand’s vitality.

³ Percentage of sales from products and services introduced in the last three years.

Planet


• -50% in its manufacturing sites' CO₂ emissions* vs.2010
• -15% in CO₂ emissions* generated by logistics operations vs. 2018 (SBTi commitment)
• +10% in tire energy efficiency vs. 2020
• Reducing i-MEP** by 1/3 vs. 2019
• 40% of sustainable materials*** in tires

¹ In absolute value vs. 2010

² The i-MEP, Industrial Michelin Environmental Performance indicator - was introduced in 2021 to manage the environmental performance of the production sites and assess their contribution to achieving the Group's commitments. it monitors and controls water withdrawals, the amount of waste generated, the use of volatile organic compounds (VOCs), energy consumption and CO₂ emissions.

³ Sustainable materials come from renewable resources such as natural rubber, several vegetable oils and resins, and recycled materials.

 

ambitions-biodiversite_EN

Evaluation by non-financial rating agencies

Michelin is included in the main socially-responsible investment ratings, or SRI benchmarks. The Group, which has been assessed on its environmental, societal and governance performance by non-financial ratings agencies since 2003, is now widely acknowledged for its commitment.

Last update : November 23, 2021

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The UN Sustainable Development goals

Michelin’s approach

By comparing its actions with the United Nations Sustainable Development Goals (SDG), Michelin intends to meet stakeholders’ increasingly demanding expectations more effectively with regard to CSR and gain a better idea of the challenges ahead.

Michelin’s actions in respect of the United Nations’ 17 Sustainable Development Goals are described in the Universal Registration Document (URD) published each year by the Group. The sections of the URD that describe these contributions are indicated in the summary table below.

tableau_performance-extra-financiere_objectifs-onu_EN

 

 

 

Please refer to chapter 04.Extra-financial Perfromance (page 147) of the 2020 Universal Registration Document 2020 below :

 

Collective approach at the tire sector level

In collaboration with the WBCSD, Michelin and all the companies of the Tire Industry Project have jointly drawn up a roadmap of the UN Sustainable Development Goals for the tire sector (TIP SDGs Roadmap) : « Sustainability Driven: Accelerating Impact with the Tire Sector SDG Roadmap ».

This Roadmap offers a framework for action that outlines impactful pathways for the entire sector to contribute to the ambitions of the SDGs. The Roadmap aims to guide, inform, and support decision-making along the value chain, encourage stakeholder dialogue and inspire action-oriented initiatives among industry peers and beyond.

The Roadmap aims to become a key reference for any tire-value-chain stakeholder that aspires to sustainable business. For people and planet, the Roadmap offers inspirational actions and case studies toward a future of sustainable mobility.
Florent Menegaux, Group Michelin CEO

TIP identified 8 Sustainable Development Goals as those where the sector has the potential to have the highest impact through collective

multi-stakeholder action. SDG 8 (decent work and economic growth) and 12 (responsible consumption and production) map against the Roadmap actions most frequently.

Key figures

  • Chiffres clés

    124,000 employees  

  • Chiffres clés

    + than 5000 recruitments  

  • Chiffres clés

    83% of engagement rate*   *from the annual "Moving Forward Together" survey

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