Michelin

Tires & Rubber
ML.PA
€ 23 (4.3)%
Share price
$ 16 bn
Market Cap
$ 23 bn
Enterprise Value

Carbon footprint

120 Ton
GHG emissions per $ 1 mln investment
3x the weighted average for S&P 500
FY2021
How is this calculated?
+12%
YOY change in GHG emissions
Stronger than the +4.9% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

Michelin aims to reduce Scope 1 + 2 by 38% by 2030 from a base year 2010


2°C

GHG emissions and Carbon intensity

Michelin's GHG emissions (market-based) (Kt of CO2e)
Michelin's Carbon intensity (Tons per 1 USDm)

Michelin's carbon footprint

Michelin reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 2,763 Kt (+300/+12% y-o-y). At the sime time, carbon intensity tumbled to 98 t (-5 /-4.9% y-o-y).

No public disclosure of Scope 3 emissions has been found for Michelin at the moment.

The company has not set a company-wide target for an absolute reduction in GHG emissions yet.

Michelin aims to achive carbon neutrality across its operations (Scope 1 + 2) in 2050. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.

Company environmental metrics

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