NET 0 Tracker
Michelin
The company also has an interim target to reduce all scope 1 & 2 emissions by 38% and CO₂ emissions by 15% vs. 2018 by 2030. Net Zero Tracker
An interesting fact about Michelin's environmental policy is that it includes the use of carbon removal within its target boundary, meaning the company may use carbon offsetting or carbon capture to achieve its goals. Net Zero Tracker
In addition, you can check out …"
Current Score (vs. LY)
51.0 pts (-)
Last Update: Dec. 12, 2023Greenhouse Gas Emissions
Last 3 Years Emissions Data Summary
| Y2022 | Y2021 | Y2020 | |
|---|---|---|---|
| Scope 1 | 1,180,000 | 1,346,123 | 1,204,534 |
| Scope 2 - location-based | NA | 1,880,571 | 1,589,000 |
| Scope 2 - market-based | 1,130,000 | 1,417,621 | 1,258,170 |
| Scope 1-2 - location-based | 1,180,000 | 3,226,694 | 2,793,534 |
| Scope 1-2 - market-based | 2,310,000 | 2,763,744 | 2,462,704 |
| Scope 3 | 146,000,000 | 144,795,561 | 165,810,462 |
| Total - location-based | 147,180,000 | 148,022,255 | 168,603,996 |
| Total - market-based | 148,310,000 | 147,559,305 | 167,486,082 |
Note: Data sources detailed here
| Y2022 | Y2021 | |
|---|---|---|
| Total CO2e estimate (by Net0Tracker) | 149,315,738 | 147,559,305 |
| Methodology | Scope 3 based on previous year | As reported |
Carbon emissions are estimated according to comparable years, intensity and sector benchmarks
Performance vs. Target
Value Chain (scope 3) Emissions by Category
Emissions Trajectory (Full Scopes)
Please refer to the library for viewing the supporting documentation
Sector Benchmark
Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.
Michelin belongs to the sector Consumer Discretionary.
Reduction and Net Zero Targets
>Note: intensity targets are not represented in the current version - see Methodology
Gross Absolute Emission Reductions
| Scope | Reduction Objectives | Base Year | Target Year | Comments |
|---|---|---|---|---|
| S3 | 15.0 | 2018 | 2030 | Note that all the scope 3 emissions categories are not fully covered |
| S1S2MKT | 27.5 | 2019 | 2030 | |
| S1S2MKT | 50.0 | 2010 | 2030 | |
| S1S2MKT | 100.0 | 2010 | 2050 |
Net Absolute Emission Reductions
There is no absolute emission reduction recorded in our database. Email us to report missing information Email
Net Zero Future Commitments
| Scope | Scope 3 Coverage | Target Year | Comments |
|---|---|---|---|
| S1S2MKT | NO | 2050 |
Science-based Targets (SBTI)
Date Published / Updated :01/02/2022
| Near-term | Long-Term | Net Zero Standard |
|---|---|---|
| Targets Set : Well-below 2°C by 2030 | No target | Yes |
Michelin commits to reduce absolute scope 1 and 2 GHG emissions 27.5% by 2030 from a 2019 base year.* Michelin also commits to reduce absolute scope 3 GHG emissions from fuel-and energy-related activities, upstream and downstream transportation and distribution and end-of-life treatment of sold products 15% by 2030 from a 2018 base year. Michelin further commits that 70% of its suppliers by emissions will have science-based targets by 2024. *The target boundary includes biogenic emissions and removals from bioenergy feedstocks
Data source: SBTIOffsets
Last update for Michelin by zerotracker.net: Oct. 17, 2023| Planning to use external offset credits | Yes |
| Separate targets for emission reductions and removals | No |
| Conditions on use of offset credits |
|
| Plans for carbon dioxide removal (CDR) | Yes (unspecified) |
Additional notes: Offsets: "For Michelin, setting course to net zero means (i) reducing carbon emissions from its own operations and the operations of its value chain by 90% and (ii) over the longer term, preparing solutions to capture and store enough carbon to offset each year’s residual emissions. This is aligned with the process defined in the SBTi’s Corporate Net-Zero Standard, October 2021." [p. 164 of https://web.archive.org/web/20231017140941/https://www.michelin.com/en/documents/2022-universal-registration-document/] Removals: "Do you intend to neutralize any unabated emissions with permanent carbon removals at the target year? Yes" [https://web.archive.org/web/20231017135329/https://www.michelin.com/en/documents/response-to-cdp-climate-change-questionnaire-2020/]
Score Summary
| Ref | Principle |
Score
(points) |
Max
(points) |
Delta
(points) |
|---|---|---|---|---|
| 1 | At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified | 10.0 | 10.0 | - |
| 2 | Scope 3 emissions are fully reported and externally-verified | 5.0 | 10.0 | - |
| 3 | CDP score demonstrates the level of transparent disclosures | 9.0 | 10.0 | - |
| Transparency | 24.0 | 30.0 | - | |
| 4 | Net Zero Commitments by 2050 include an intermediate target and cover all the emissions | 6.0 | 10.0 | - |
| 5 | Net Zero targets demonstrate a high-level of emergency | 0.0 | 10.0 | - |
| 6 | Emission reduction targets on a forward-looking basis are ambitious | 1.0476481331168825 | 10.0 | - |
| 7 | Targets are science-based as validated by SBTi | 7.5 | 10.0 | - |
| Commitments | 14.547648133116883 | 40.0 | - | |
| 8 | Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) | 10.0 | 10.0 | - |
| 9 | Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) | 0.0 | 10.0 | - |
| 10 | Implied Temperature Rating by MSCi | 2.5 | 10.0 | - |
| Results | 12.5 | 30.0 | - | |
| Total | 51.0 | 100.0 | - |
Score Details
| Criteria | Results | 2023 Score | 2022 Score | Vs. 2022 | 2021 Score |
|---|---|---|---|---|---|
| Criteria 1 : Transparency on operational emissions (Scope 1 + 2) | |||||
| Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? | yes | 5.0 / 5.0 | - | ||
| Are S1+S2 figures verified by a 3rd-party for the last reporting year? | yes | 5.0/ 5.0 | - | ||
| Criteria 2 : Transparency on value chain emissions (Scope 3) | |||||
| Are the 15 categories fully or partly disclosed? | partly | 2.5 / 5.0 | - | ||
| Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? | partly | 2.5 / 5.0 | - | ||
| Criteria 3 : Quality and Frequency of reporting | |||||
| What is the latest CDP score (no later than the preceding year)? | A- | 9.0 / 10.0 | - | ||
| How many interim reporting were provided between 2 reporting periods (GHG emissions only)? | |||||
| Criteria 4 : Net Zero Commitments | |||||
| Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? | yes | 3.0 / 3.0 | - | ||
| Does the net zero target include an intermediate target by 2030? | 2030 | 3.0 / 3.0 | - | ||
| Does the net zero target include all the emissions? | NC | 0.0 / 4.0 | - | ||
| Criteria 5 : Target year for Net Zero Commitments | |||||
| Target year for achieving net zero emissions for S1+S2? | 2050 | 0.0 / 5.0 | - | ||
| Target year for achieving net zero emissions for S1+S2+S3 combined? | NC | 0.0 / 5.0 | - | ||
| Criteria 6 : Reduction objectives | |||||
| What is the forward-looking GHG% reduction (without compensation) for scope 1+2? | 1.0 | 1.0 / 5.0 | - | ||
| What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3? |
No target found
|
0.0 / 5.0 | - | ||
| Criteria 7 : Science-Based Targets | |||||
| What type of science-based target (as validated by SBTi) did the company commit to? | Targets Set Well-below 2°C | 7.5 / 10.0 | - | ||
| Criteria 8 : Results based on scope 1 - 2 | |||||
| Performance to date: cumulative% reduction vs. target |
Objective (in %):
7.5
Actual (in %): 20.9 |
5.0 / 5.0 | - | ||
| Momentum: last year % reduction vs. forward-looking target |
Objective (in %):
1.1
Actual (in %): 16.4 |
5.0 / 5.0 | - | ||
| Criteria 9 : Results based on scope 1 - 2 - 3 | |||||
| Performance to date: cumulative% reduction vs. target |
Objective (in %):
Actual (in %): No target found
|
0.0 / 5.0 | - | ||
| Momentum: last year % reduction vs. forward-looking target |
Objective (in %):
Actual (in %): No target found
|
0.0 / 5.0 | - | ||
| Criteria 10 : Implied Temperature Rise (ITR) | |||||
| Is the company aligned with global climate targets? | ITR: 2.7°C | 2.5 / 10.0 | - | ||
| Total | 51.0 / 100.0 | - | |||
Available Data Sources
| Reporting Year | 2022 | 2022 | 2022 | 2021 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Source | Public | Wikirate (NV) | Wikirate (NV) | CDP | NZPDU | NZPDU | NZPDU |
| Publication Year | 2023 | unknown | unknown | 2022 | 2022 | 2021 | 2020 |
| Scope 1 | 1,180,000 | 65 | 65 | 1,346,123 | 1,346,122 | 1,204,534 | 1,429,707 |
| Scope 2 - location-based | NA | NA | NA | 1,880,571 | 1,880,571 | 1,589,000 | 1,820,871 |
| Scope 2 - market-based | 1,130,000 | NA | NA | 1,417,621 | 1,417,621 | 1,258,170 | 1,489,458 |
| Scope 1-2 - location-based | 1,180,000 | 65 | 65 | 3,226,694 | 3,226,693 | 2,793,534 | 3,250,578 |
| Scope 1-2 - market-based | 2,310,000 | NA | NA | 2,763,744 | 2,763,743 | 2,462,704 | 2,919,165 |
| Scope 3 | 146,000,000 | 0 | 0 | 144,795,561 | 144,795,561 | 165,810,462 | 165,810,462 |
| Total - location-based | 147,180,000 | 65 | 65 | 148,022,255 | 148,022,254 | 168,603,996 | 169,061,040 |
| Total - market-based | 148,310,000 | NA | NA | 147,559,305 | 146,820,326 | 167,486,082 | 167,942,543 |
Sources
- CDP: Data from CDP Climate Change Questionnaire - see Free SFDR data library
- Wikirate: Data from Wikirate.org. Scope 1, Scope 2 and Scope 3 emissions metrics designed by Global Reporting Initiative and contributed by the Wikirate community, adaptation by the Net0Tracker team, licensed under CC BY 4.0. Wikirate-NV means non-verified data sourced in Wikirate. See explanation here
Please refer to the library for viewing the supporting documentation
Library
Sustainability Reports
GHG DATA
Disclosures - Verification
Targets reporting
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