Halving Michelin’s industrial carbon footprint by 2050
The trajectory to limit global warming to 2 degrees Celsius requires a 50 percent decrease in carbon emissions by 2050 compared with 2010.
To achieve that, the Group will implement all the technical solutions that could make tire production more efficient and make massive use of renewable energy sources. Technical solutions to boost energy efficiency should account for approximately 2/3 of the target, while the remaining 1/3 will depend on the energy markets' ability to offer a highly decarbonated energy mix. The feasibility of the requisite investments will also depend on the economic incentives that governments in different parts of the world decide to apply.
Investing in socially responsible carbon credits
Since 2014, Michelin has been investing in the Livelihoods Carbon Fund, which supports reforestation, agroforestry and low-carbon-oven programs in Africa, Asia and Latin America.
The fund's activities, carried out in partnership with local NGOs, help reduce greenhouse gas emissions and generate carbon credits with high social and environmental value for investors. To date, Michelin has invested €3.4 million, towards a total commitment of €10 million, in Livelihoods, 50 percent in the initial fund and 50 percent in the new Livelihoods fund.
In 2017, the carbon credits Michelin earned neutralized the carbon footprint of Movin'On, its sustainable mobility summit held in Montreal in June; a third party calculated that the event generated 2,182 tonnes of CO2 emissions.