Michelin sustainable strategy

Michelin has announced a sustainable strategy for 2030. It is based on the constant search for the right balance between people, planet and profit, according to Florent Menegaux, Managing Chairman, and Yves Chapot, General Manager and Chief Financial Officer, Michelin. Representating the Group’s ambitions, the sustainability report is about a vision based on twelve indicators covering environmental, social, societal and financial performance. In the case of people, it is about achieving higher employee engagement rate, about women in management positions, and about workplace safety. In the case of planet, it is about reducing CO2emissions, achieving carbon neutrality by 2050, and increasing sustainable raw materials content. In the case of profit, it is about driving sustained growth, deriving 20 to 30 per cent of sales from non-tyre businesses, and guaranteeing the creation of significant value. The non-tyre growth territories include development of unrivaled technological leadership in the design and manufacture of tyres purpose engineered for EVs; specialty tyres for mining, earthmover, agricultural, aircraft and other specialty tyres, and expand in service and solutions area that includes flexible composites, medical devices, metal 3D printing and hydrogen mobility.