On January 11, 2025, the 8th Boao Enterprise Forum was grandly held in Hainan. Michelin China won the "2024 ESG Energy Saving and Carbon Reduction Innovation Enterprise" award for its outstanding performance in green tires, smart services and green factory construction. At the same time, Michelin China and Mongolia president and CEO Matthew Ye was named one of the "Top Ten Influential People of 2024" for his leadership in promoting green innovation and low-carbon development. These two honors recognize Michelin China's outstanding contributions and extraordinary influence in environmental protection and sustainable development.
Ye said that Michelin China has always adhered to the group strategy of "All Sustainable", emphasizing that when promoting any strategic, business and technological development, the company must ensure the mutual benefit and symbiosis of the three major areas of "people, profits, and environment" in order to achieve true sustainable development. In addition, Ye specifically pointed out that green innovation is not only the core of the company's strategy, but also the key driving force for promoting future sustainable development. Michelin China is committed to promoting green innovation and building a sustainable development model that focuses on both economic, environmental and social benefits. He stressed that innovative thinking and behavioral changes are the key to achieving this goal, and extensive cooperation and collaborative efforts will help achieve the "dual carbon" goals and build a more sustainable ecosystem.
Michelin China has achieved a series of remarkable achievements on the road of green transformation and low-carbon development. The Shenyang factory has developed into Michelin Group's largest, most advanced factory in the world with the largest investment, marking a major breakthrough for Michelin in energy management and production efficiency, and setting a benchmark for the green transformation of the global manufacturing industry. In addition, the second phase expansion project of Michelin's Shanghai factory was successfully launched. After the expansion, the annual production capacity of high-performance radial passenger car tires will increase from 8.5 million sets to 9.5 million sets. With the support of intelligent and digital technologies, the Shanghai factory will further reduce carbon emissions and improve resource utilization efficiency through big data analysis and smart manufacturing, thereby achieving a more environmentally friendly production method.
Michelin China's green commitment is also reflected in the comprehensive use of renewable energy. Since 2022, Michelin's factories in China and its headquarters in China have achieved 100% use of renewable energy. This move has greatly reduced dependence on traditional energy and made positive contributions to global environmental protection.
In terms of ecological protection, Michelin China actively fulfills its social responsibilities and carries out ecological restoration and environmental protection projects.
This award is not only a high recognition of Michelin China's continuous efforts in green transformation, low-carbon innovation and sustainable development, but also provides valuable green transformation experience and reference for other companies. Michelin China will continue to uphold the concept of green development, promote the deep integration of environmental innovation and corporate development, and strive to make greater contributions to global sustainable development.
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