Keeping track of our environmental and civic performances
Michelin's performance in the areas of the environment, communities and governance has been regularly assessed by non-financial rating agencies since 2003. Today, Michelin is featured in the main benchmark indexes for socially responsible investing (SRI).
Since 2017, Michelin is member of the International Stock Index FTSE4Good, which measures socially responsible companies’ performances using Environmental, Social, and Governance (ESG) criteria.
Launched in 2001, the FTSE4Good index provides investors with a series of socially responsible stock indexes and a benchmark of world-renowned companies. Three independent criteria are assessed for companies to be included in the index:
- Environmental commitments: the fight against climate change; the use of resources, particularly water; waste reduction; protection of ecosystems
- Social practices: human rights, labor standards, health, and safety
- Governance: risk management, corporate governance, anti-corruption policies, etc.
Michelin entered the ASPI Eurozone® index for listed companies in 2002, based on annual assessments by the non-financial rating agency Vigeo.
The Michelin share is also part of the four Vigeo Eiris Euronext indices: World 120, Eurozone 120, Europe 120 and France 20.
With a score of 65/100 in 2017, Michelin's CSR approach is considered "Advanced" by Vigeo, and the company comes second out of the 20 companies in the sector to be rated. The score is up 6 points on the 2015 rating.
Climate change and water management
Michelin has been rated at the “Leadership” level by the CDP* for its transparency and performance in addressing climate change and water issues. The 2017 CDP Climate Change and Water questionnaires, returned by over 6000 companies including Michelin, are analyzed each year by the CDP on behalf of 827 institutional investors – representing over US$100 trillion in assets – as a key information tool for managing portfolio risks & opportunities related to the consequences of climate change.
*formerly the Carbon Disclosure Project
To read more about the CDP and leadership from companies around the world on climate change and water stewardship:
With a score of 77/100, increasing every year giving it “Gold” status, Michelin is part of the top 1% of suppliers evaluated by Ecovadis in the “rubber products” category.
Michelin has been reconfirmed for inclusion in the Ethibel PIONEER and Ethibel EXCELLENCE Investment Registers since 18/05/2018. This selection by Forum ETHIBEL (www.forumethibel.org) indicates that the company can be qualified as a sector leader in terms of Corporate Social Responsibility (CSR).