ORANO // Annual Activity Report 2024

SUSTAINABILITY STATEMENT

Societal and environmental challenges at the heart of the strategy

In 2024, the group worked on the renewal of this roadmap by 2030. This new roadmap was validated by the Executive Committee and the Board of Directors at the end of 2024. It is presented in Chapter 1 of this report. Making a signi fi cant contribution to key global issues Through its actions, Orano intends to contribute to the fi ght against global warming and the preservation of resources and health – major challenges of the century. Developing access to competitive and low-carbon electricity for all in a world fi ghting against global warming The IPCC scenarios con fi rm it: to contain global warming to below 2°C and continue to evolve in a sustainable world, nuclear power is not the only solution, but it is essential. The 2015 Paris Agreement on the fi ght against climate change provides for a sharp reduction in CO 2 emissions and the European Union has set itself an objective of carbon neutrality by 2050. Orano intends to contribute to this collective mobilization. Electricity is a basic commodity whose cost must remain affordable. This is a major societal issue for all countries, and one that will support the electri fi cation of the economy. For Orano, nuclear energy is a competitive energy source that has its place in decarbonization.

Conserving resources through recycling As natural resources are by nature fi nite, Orano is convinced that the recycling of nuclear materials is a responsible and sustainable approach, in a circular economy approach. The French nuclear industry was one of the fi rst to introduce recycling by processing used fuel in order to reduce the volume of waste and save materials. This know-how acquired in the transformation and control of nuclear materials can contribute to the development of other strategic recycling methods, such as for batteries. Contributing to better health thanks to nuclear medicine Orano’s know-how goes beyond protecting the health of its employees, the workers in our value chain and the communities around the industrial and mining sites operated by Orano. Controlled nuclear materials can help save lives, through their use in cancer treatments or in medical research in the form of isotopes. A corporate purpose and values that guide each employee In 2020, Orano adopted a purpose, co-developed with the teams and more than 130 external stakeholders. It has been included in the Company’s Articles of Association since 2022.

4

ORANO’S PURPOSE

To develop know-how in the transformation and control of nuclear materials for the climate, for a healthy and resource-ef fi cient world, now and tomorrow.

the climate through low-carbon and competitive energy, commitment to the preservation of resources, and commitment to health; and ● “now and tomorrow” refers to current positioning as well as for future generations. All of the business lines of the cycle (extraction, transformation and enrichment of uranium, recycling of nuclear materials, manufacturing of packaging and transportation, dismantling and related services, engineering), as well as Orano’s activities in the nuclear medicine industry, contribute to this purpose. This purpose is embodied in the group’s values, commitments, and the group’s methods of decision-making and action.

● “to develop know-how” refers to the importance of human and technological skills and the commitment to their development, with a view to continuous progress; ● “transformation and control” refers to the group’s skills and the importance given to the safety of facilities and materials. This formulation also makes it possible not to limit the strategic scope to nuclear materials alone, but to all activities where the know-how acquired from nuclear materials makes it possible to make a difference; ● “nuclear materials” af fi rms the group’s core business; ● “for the climate, for a healthy and resource-ef fi cient world” af fi rms a triple commitment to society: commitment to

ORANO VALUES

Ethics, transparency and dialogue

Safety, security

Customer satisfaction

Continuous improvement

Respect and people development

Cohesion and team spirit

121

Orano - Annual Activity Report 2024