Michelin ‘racing to zero' in global climate campaign

CLERMONT-FERRAND, France—Michelin is aligning itself with the "Race to Zero" global campaign to rally companies to support the Paris Agreement climate goals of limiting global temperature growth to 1.5 degrees C.

The movement is spearheaded by several organizations, including the international Science Based Targets initiative (SBTi) consortium, the United Nations Global Compact and We Mean Business.

Michelin said it was boosting its commitment to climate change by joining the campaign and singing an open letter to G20 leaders, who met at the end of October in Rome.

The open letter, signed by over 400 "We Mean Business" coalition partners, urged political leaders to make the Paris Agreement 's goal of limiting global warming to 1.5°C attainable.

The letter called for increasing nationally determined contributions (NDCs) by bringing them into line with a target of a 50-percent decrease in global emissions by 2030 and net zero emissions by 2050.

Furthermore, it urged the leaders to financially support efforts to cut emissions, and accelerate the energy transition.

The French group also said that its 2030 CO2 reduction targets, unveiled in April, are compatible with the "business ambition for 1.5 °C " commitment. It posted a short video on YouTube outlining its goals.

Michelin said it will submit the targets to the science-based targets initiative (SBTi) consortium for approval in 2022.

As part of its sustainability drive, Michelin aims to achieve carbon neutrality across all of its production sites and logistics operations and throughout its supply chain with its raw materials and components suppliers.