Michelin

Michelin, a prominent company in the Rubber and plastic products (25) industry headquartered in FR, has demonstrated a commitment to reducing its carbon footprint.

Emissions Data:

In 2024, Michelin reported a total of approximately 147.5 billion kg CO2e. This figure is comprised of:

• Scope 1: Approximately 956.9 million kg CO2e.
• Scope 2: Approximately 1.07 billion kg CO2e (market-based).
• Scope 3: Approximately 143.7 billion kg CO2e, with purchased goods and services being the largest contributor.

For 2023, Michelin's total emissions were approximately 159.4 billion kg CO2e. This included:

• Scope 1: Approximately 1.05 billion kg CO2e.
• Scope 2: Approximately 1.27 billion kg CO2e (market-based).
• Scope 3: Approximately 13.62 billion kg CO2e.

Earlier data shows Scope 1 and 2 emissions of approximately 2.32 billion kg CO2e in 2023 and 2.93 billion kg CO2e in 2024 (market-based).

Climate Commitments and Reduction Targets:

Michelin has set ambitious targets to mitigate climate change, aligned with scientific recommendations. Key commitments include:

• Net-Zero Ambition: Michelin aims to achieve net-zero greenhouse gas emissions across its entire value chain by 2050.
• Scope 1 & 2 Reductions:
  • A commitment to reduce absolute Scope 1 and 2 greenhouse gas emissions by 47.2% by 2030 from a 2019 baseline year. This target is validated by SBTi and is compatible with a 1.5°C warming trajectory.
  • Previously, a target of 50% reduction in CO2 emissions from manufacturing by 2030 compared to 2010 levels was stated.
  • A long-term goal to reduce absolute Scope 1 and 2 emissions by 90% by 2050 from a 2019 base year.
• Scope 3 Reductions:
  • A commitment to reduce absolute Scope 3 emissions by 27.5% by 2030 from a 2019 base year, specifically for categories including fuel-and energy-related activities, upstream and downstream transportation and distribution, and end-of-life treatment of sold products.
  • A target to reduce CO2 emissions in transport activities by 15% by 2030 compared to 2018.
  • A commitment to reduce Scope 3 emissions from upstream purchased energy, the supply chain with raw materials suppliers, and logistics operations by 90% by 2050.
  • A long-term goal to reduce absolute Scope 3 emissions by 90% by 2050 from a 2019 base year.

Michelin has actively engaged with the Science Based Targets initiative (SBTi), with its targets being validated in June 2024 as being compatible with limiting global warming to 1.5°C. The company has also committed to ensuring that 70% of its suppliers by emissions will have science-based targets by 2024. Michelin also joined the "Race To Zero" campaign in July 2021.