ORANO // Annual Activity Report 2024

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SUSTAINABILITY STATEMENT Social and societal information

MATERIAL IMPACTS, RISKS AND OPPORTUNITIES RELATED TO AFFECTED COMMUNITIES

Localization in the value chain

Type

Impacts, Risks and Opportunities

SAFETY AND SECURITY OF OUR ACTIVITIES AND PRODUCTS (HEALTH AND SAFETY OF LOCAL RESIDENTS) [S3] POTENTIAL NEGATIVE IMPACT IMPACT ON PEOPLE OR THE ENVIRONMENT OF A NUCLEAR OR CHEMICAL ACCIDENT ON A FACILITY OR IN TRANSPORT OWN OPERATIONS, DOWNSTREAM

Orano’s operations, as part of its activities, may generate accidents at a facility or in transport (rail, maritime, road) with potential health and environmental consequences on local populations (chemical or radiological). A major accident would trigger the crisis management system to manage the emergency situation relating to the safety, health of employees and local residents, the environment and the safety of the facilities. Nuclear safety and security remain Orano’s priorities.

IRO

Description

POTENTIAL NEGATIVE IMPACT

OWN OPERATIONS, DOWNSTREAM

RISK OF A CUSTOMER INCIDENT CAUSED BY A PRODUCT QUALITY DEFECT

IRO

A quality defect in a product can generate a safety risk for our customers.

A safety risk for an electricity supplier caused by a defective product made by Orano could lead to the occasional suspension of production at the site in question. The consequence would be a loss of revenue and cash flow.

Description

OWN OPERATIONS, DOWNSTREAM

FUTURE RISK

RISK OF A SERIOUS ACCIDENT WITHIN THE INDUSTRY

A nuclear or chemical accident at Orano facilities or within the industry would impact the group’s activity. The consequence of a major accident would be the impairment of the assets of the affected site, calling into question the group’s activity. Any serious event related to the group’s nuclear operations, having a potential or proven impact on the population, the environment or a region, could lead to a signi fi cant increase in the operating constraints of the group’s industrial sites, or even to a partial or total interruption of the group’s nuclear operations. Such an event could also have a signi fi cant negative impact on the health of employees, on the group’s fi nancial and legal position as well as on its reputation. Nuclear safety and industrial security are the group’s priority. The group implements actions to prevent and mitigate the risks of nuclear or industrial accidents. Orano has a robust crisis management system to manage emergency situations. In addition, Orano’s facilities are regularly inspected by the competent authorities to ensure their reliability. Changes in regulations or requirements in terms of safety and security of facilities and products generate investment needs (increased vigilance by materials storage authorities, post Fukushima investments, etc .). Regulatory changes in terms of the safety and security of facilities may generate investments and operating expenses that have a negative impact on the group’s results and cash flow. RISK OF LOSS OF OWNERSHIP OR AUTHORIZATION TO OPERATE IN THE ABSENCE OF DIALOGUE In the event of no dialogue with the states or regions where Orano operates, there would be a risk of loss of property, mining license or authorization to operate. The loss of ownership, of a mining operating license or an operating authorization would impact the group’s assets as well as its projected results and cash flows.

IRO

Description

OWN OPERATIONS

CURRENT RISK RISK RELATED TO CHANGES IN SAFETY AND SECURITY REGULATIONS

IRO

Description

STAKEHOLDERS DIALOGUE AND ENGAGEMENT [S3] FUTURE RISK

OWN OPERATIONS

IRO

Description

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Orano - Annual Activity Report 2024