Michelin

Michelin's reported carbon emissions

Michelin, a company in the Rubber and plastic products (25) industry headquartered in FR, reported a total of approximately 139.5 billion kg CO2e for the 2025 financial year. This figure encompasses Scope 1, 2, and 3 emissions. **Key Emissions Data:** * **2025:** Total emissions were approximately 139.5 billion kg CO2e. * Scope 1 emissions: approximately 826.3 million kg CO2e. * Scope 2 emissions (market-based): approximately 860.3 million kg CO2e. * Scope 3 emissions: approximately 137.1 billion kg CO2e, with the largest contribution from the use of sold products (approximately 125 billion kg CO2e) and purchased goods and services (approximately 8.6 billion kg CO2e). * **2024:** Total emissions were approximately 146.7 billion kg CO2e. * Scope 1 emissions: approximately 956.9 million kg CO2e. * Scope 2 emissions (market-based): approximately 1.1 billion kg CO2e. * Scope 3 emissions: approximately 143.7 billion kg CO2e. * **2023:** Total emissions were approximately 139.8 billion kg CO2e. * Scope 1 emissions: approximately 1 billion kg CO2e. * Scope 2 emissions (market-based): approximately 1.3 billion kg CO2e. * Scope 3 emissions: approximately 13.6 billion kg CO2e. This reported Scope 3 total for 2023 appears to be significantly lower than in previous years and may not represent a full Scope 3 accounting. **Climate Commitments and Reduction Targets:** Michelin has set ambitious targets to mitigate its climate impact. * **Net-Zero Ambition:** The company aims to achieve net-zero greenhouse gas emissions across its value chain by 2050. * **SBTi-Validated Targets:** Michelin's targets have been validated by the Science Based Targets initiative (SBTi) as being consistent with limiting global warming to 1.5°C, in alignment with the Paris Agreement. * **Scope 1 & 2:** A commitment to reduce absolute Scope 1 and 2 greenhouse gas emissions by 47.2% by 2030 from a 2019 baseline. This target is further broken down into specific reductions for Scope 1 and Scope 2 individually, aiming for 47.2% and 47.2% reduction respectively. Previously, an interim target of a 27.5% reduction in absolute Scope 1 and 2 emissions by 2030 from a 2019 baseline was also stated. * **Scope 3:** A commitment to reduce absolute Scope 3 GHG emissions by 27.5% by 2030 from a 2019 baseline. Specific Scope 3 categories targeted for reduction include fuel-and energy-related activities, upstream and downstream transportation and distribution, and end-of-life treatment of sold products, with a 15% reduction target by 2030 from a 2018 baseline. * **Long-Term Reduction:** Michelin has a long-term target to reduce absolute Scope 1 and 2 GHG emissions by 90% by 2050 from a 2019 base year, and similarly aims for a 90% reduction in absolute Scope 3 GHG emissions within the same timeframe. * **Supplier Engagement:** Michelin commits that 70% of its suppliers by emissions will have science-based targets by 2024. * **Manufacturing Emissions:** Historical targets included a commitment to reduce CO2 emissions from manufacturing by 50% compared to 2010 levels by 2030, and a long-term goal of 50% absolute reduction in CO2 emissions from industrial sites by 2050 compared to 2010. Michelin's emissions reporting indicates a significant portion of its environmental impact stems from its extensive value chain, particularly the use of its products and its supply chain. The company is actively working to decarbonise its operations and influence its broader value chain through various initiatives and science-based targets.