"Michelin's net zero target is to achieve carbon neutrality across its entire manufacturing base, logistics operations, and raw materials and components supply chain by 2050. Net Zero Tracker 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 …"
Carbon emissions are estimated according to comparable years, intensity and sector
benchmarks
Performance vs. Target
Note: Targets without baseline are ignored. In case several targets
exist, only the shorter-term target is
displayed.
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.
Michelin is a member of the Business Ambition for 1.5 campaign (link here )
Overall Net-Zero Target: Michelin commits to reach net-zero greenhouse gas emissions across the value chain by 2050. Near-Term Targets: Michelin commits to reduce absolute scope 1 and 2 GHG emissions 47.2% by 2030 from a 2019 base year*. Michelin also commits to reduce absolute scope 3 GHG emissions from purchased goods and services, fuel and energy related activities, upstream transportation and distribution and downstream transportation and distribution 27.5% within the same timeframe. *The target boundary includes biogenic emissions and removals from bioenergy feedstocks. Long-Term Targets: Michelin commits to reduce absolute scope 1 and 2 GHG emissions 90% by 2050 from a 2019 base year*. Michelin also commits to reduce absolute scope 3 GHG emissions 90% within the same timeframe. *The target boundary includes land-related emissions and removals from bioenergy feedstocks.
Separate targets for emission reductions and removals
No
Conditions on use of offset credits
No conditions specified
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
0.0
2
Scope 3 emissions are fully reported and externally-verified
5.0
10.0
0.0
3
CDP score demonstrates the level of transparent disclosures
9.0
10.0
0.0
Transparency
24.0
30.0
0.0
4
Net Zero Commitments by 2050 include an intermediate target and cover all the emissions
6.0
10.0
0.0
5
Net Zero targets demonstrate a high-level of emergency
0.0
10.0
0.0
6
Emission reduction targets on a forward-looking basis are ambitious
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