ORANO // Annual Activity Report 2024

SUSTAINABILITY STATEMENT

Environmental information

MATERIAL IMPACTS, RISKS AND OPPORTUNITIES RELATED TO CIRCULARITY IN PRODUCTS

Localization in the value chain

Type

Impacts, Risks and Opportunities

CIRCULARITY IN PRODUCTS AND SERVICES [E5] CURRENT OPPORTUNITY RECYCLING OF USED FUEL

OWN OPERATIONS

The recycling activity implements processes on behalf of its customers to recycle used fuel into new fuel. The treatment and recycling activity makes a signi fi cant contribution to the group’s revenue. It also makes a positive contribution to saving resources.

IRO

Description

FUTURE OPPORTUNITY

OWN OPERATIONS

DEVELOPMENT OF NEW RECYCLING ACTIVITIES

Orano is developing new activities around the recycling of materials: nuclear medicine, battery recycling and radioactive waste recovery projects. The group’s new activities around the recycling of materials are a vector of signi fi cant revenue and cash flow growth over the next ten years.

IRO

Description

MATERIAL IMPACTS, RISKS AND OPPORTUNITIES RELATED TO RADIOACTIVE WASTE

Localization in the value chain

Type

Impacts, Risks and Opportunities

4

RADIOACTIVE WASTE [E5] POTENTIAL NEGATIVE IMPACT

OWN OPERATIONS, DOWNSTREAM

ULTIMATE RADIOACTIVE WASTE IN THE NUCLEAR INDUSTRY

The activities of Orano and its value chain generate long-lived high-level fi nal waste, and involve their future warehousing, storage or burial with, for example, the CIGEO project in France. The nuclear industry generates long-lived radioactive waste in storage, which requires the creation of substantial long-term infrastructure. It is a burden on future generations, even if the infrastructure is fi nanced. The reclassi fi cation of certain nuclear materials as waste, in particular depleted uranium inventories, poses a fi nancial risk to the group. The reclassi fi cation of depleted uranium inventories as waste by the competent authorities would lead to an increase in provisions for end-of-lifecycle operations and would require the creation of additional earmarked assets. This would lead to a decrease in the group’s income and a cash outflow of the same amount to replenish the dedicated fund intended to fi nance these end-of-lifecycle operations. The stock of depleted uranium also acts as a strategic uranium reserve for the supply of the French nuclear fleet in the event of a supply disruption. Uncertainties regarding the characterization of historical radioactive waste and the radioactive waste management processes, as well as quality problems on radioactive waste packages, may delay the processing and storage of this waste. Delays in processing and shipping waste would lead to an increase in provisions for end-of lifecycle operations and their earmarked assets. This would lead to reduced results for the group and cash outflows of the same amount to replenish the dedicated fund intended to fi nance these end-of-lifecycle operations. RISK OF NUCLEAR MATERIAL RECLASSIFICATION UNCERTAINTIES REGARDING RADIOACTIVE WASTE MANAGEMENT

IRO

Description

FUTURE RISK

OWN OPERATIONS

IRO

Description

FUTURE RISK

OWN OPERATIONS

IRO

Description

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Orano - Annual Activity Report 2024