Risk management :

a robust system

The Michelin group has deployed an enterprise risk management (ERM) system in accordance with the reference framework of the French securities regulator (AMF) and the international professional standards of the Committee of Sponsoring Organizations of the Treadway Commission (COSO).

A single corporate department overseeing Internal Audit, Risk Management and Internal Control activities
While facilitating a shared vision of the primary risks and challenges, this organization also ensures cooperation among teams across the entire Group over every time horizon.

An efficient crisis management system. Led by the Internal Audit, Risk Management, Internal Control and Quality Department, the crisis management system is deployed among the corporate management teams through full-scale simulation exercises and training seminars. The Computer Emergency Response Team (CERT) tracks cyber intrusions and stands ready to respond quickly at all times across all continents. In 2019, a worldwide cyber-attack was simulated and in 2020, more than ten full-scale simulation exercises are planned based on different types of crises.

Global insurance programs covering every Group subsidiary have been arranged for the most significant risks, including property & casualty/business interruption, liability, accidental pollution and cyber risk.

The ten highest-impact
risk factors specific to the
Michelin group

1 1 2 2 3 3 4 4 5 5 6 6 7 7 8 8 9 9 10 10
  • 1- Cyber-attack
  • 2- Business
    non continuity
  • 3- Mergers, acquisitions
    and alliances
  • 4- Supply rupture
  • 5- Image and brands
  • 6- Major projects
  • 7- Risks related to pension and
    other defined benefit plans
  • 8- Property security
  • 9- Loss of knowledge
    and know-how
  • 10- Product safety

Discover also

Our organization