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You are here: Home1 / News2 / Company News3 / Michelin presents sustainability-infused strategy to capital markets

Michelin presents sustainability-infused strategy to capital markets

Date: 14th April 2021 Author: Andrew Bogie Comments: 0
The Group's 'Michelin in Motion' strategic plan was unveiled on its Capital Markets Day 2021 (Photo: Michelin)

Groupe Michelin’s Capital Markets Day presentation, conducted via webcast on 8 April, set out its agenda for the next decade, putting its plans in front of leading global banks and financial firms. Circling around a central theme of sustainability, the group executive committee, led by managing chairman Florent Menegaux and general manager and chief financial officer Yves Chapot, showed how Michelin intends to “diversify while strengthening” in order to achieve its key economic and ecological targets. Chapot and Menegaux stated that expanding “non-tyre revenue” up to more than one-fifth of the group’s turnover by 2030 would make the group more agile and robust in the face of future crises. The current global health crisis has been instructive in this regard; the committee credited the development of the group’s non-tyre portfolio with assisting in its resilience over the difficulties of 2020, and now intends to continue the acceleration of its diversification. Its digital and materials innovations will simultaneously “deliver new growth,” while contributing to the overall strength of the group: a leitmotif of the committee’s presentation.

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Coronavirus, digitalisation, electric cars, electric vehicles, featured, financial reports, Florent Menegaux, Manufacturing, Michelin, Scott Clark, sustainability, video, Yves Chapot

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