Michelin’s ambitions are to reduce CO2 emissions from manufacturing by 50% in 2030 compared to 2010 and to achieve carbon neutral manufacturing by 2050.
Michelin’s 2030 target for manufacturing has been validated by SBTi, as have 2 targets for reducing emissions in our value chain:
- 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 by 15% by 2030 from a 2018 base year.
- 70% of Michelin’s suppliers for purchased goods and services (in terms of emissions generated) will have science-based targets by 2024.
Michelin has declared its support for the Task Force on Climate-related Financial Disclosure and publicly discloses according to the TCFD recommendations.
As part of its commitment to decarbonized mobility, Michelin has been developing R&D expertise in the field of hydrogen fuel cells for more than 15 years. In 2019, Michelin and Faurecia created a Joint Venture around Symbio to produce and market hydrogen systems for light and commercial vehicles, buses and trucks. However, first industrial deployments are a pre-requisite towards competitive mass production and simultaneous deployment of HRS and H2 vehicles is a key success factor.
Therefore, in 2018, the French Auvergne Rhône Alpes region, Michelin and ENGIE launched the first “Zero Emission Valley” mobility project in Europe, a €100 million project to deploy 1,200 vehicles for professional use and a network of 20 stations supplied with green hydrogen throughout the region. To this end, these players created in 2019 the Hympulsion company to deploy hydrogen mobility on a regional scale.