Michelin has released its first Corporate Sustainability Report aligned with the European Union’s Corporate Sustainability Reporting Directive (CSRD), signalling a major step in how the tyre manufacturer evaluates and communicates its environmental, social, and governance (ESG) performance.
The CSRD, which came into effect in January 2024, significantly raises expectations for sustainability transparency across Europe. It requires large companies to provide more detailed and standardised disclosures on their ESG impacts — including forward-looking strategies, risk assessments, and double materiality evaluations.
Michelin’s report applies the concept of double materiality — analysing both how sustainability issues affect the company’s financial performance and how the company’s activities impact people and the planet. This approach goes beyond traditional financial reporting by integrating social and environmental considerations as core business risks and opportunities.
The report also provides an overview of Michelin’s full value chain, reflecting its efforts to improve accountability from raw material sourcing through to end-of-life tyre management.
In line with CSRD requirements, the report identifies and evaluates a wide range of ESG risks, including climate change, human rights in the supply chain, and resource circularity. It also outlines how Michelin is responding to regulatory and societal demands through measurable sustainability actions and long-term stakeholder engagement.
This represents a more structured and transparent approach than previous reporting cycles, placing Michelin among the early adopters of the EU’s new reporting standard within the mobility sector.
The adoption of CSRD standards marks a wider shift in the tyre industry towards regulated, data-driven ESG disclosure. As manufacturers face growing pressure to prove climate accountability and social responsibility, the ability to track and report sustainability progress will be increasingly central to supply chain viability and investor confidence. Michelin’s alignment with CSRD could influence other major tyre producers to accelerate their ESG frameworks in response to tightening EU regulations.
Tagged with: Michelin, EU CSRD, tyre sustainability reporting, ESG in tyre industry, double materiality, tyre supply chain, sustainable mobility, EU sustainability directive
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