ORANO // Annual Activity Report 2024

SUSTAINABILITY STATEMENT

Governance information

4.4 Governance information

4.4.1 Being exemplary in terms of ethics and business conduct [G1]

4.4.1.1 The role of governance in the conduct of business The role and expertise of the administrative, management and supervisory bodies are presented in Section 4.1.2.1.

4.4.1.2 IROs related to business conduct For its materiality analysis and the identi fi cation of Impacts, Risks and Opportunities (IRO), Orano relied on its existing mapping (risks, vigilance), the knowledge of its experts and existing studies (impact studies, speci fi c studies, etc. ) as well as interviews with 150 stakeholders, as described in Section 4.1.5.2 Double materiality analysis methodology . In the speci fi c context of business conduct, the group has relied on traditional issues related to its activities, as well as on its risk analysis presented in Section 3.3.

MATERIAL IMPACTS, RISKS AND OPPORTUNITIES RELATED TO BUSINESS CONDUCT

Localization in the value chain

4

Type

Impacts, Risks and Opportunities

BUSINESS ETHICS AND CONDUCT, PREVENTION OF FRAUD, CORRUPTION, AND INFLUENCE TRAFFICKING [G1] FUTURE RISK RISKS OF FRAUD, CORRUPTION AND INFLUENCE PEDDLING OWN OPERATIONS IRO The group may be exposed to a risk of fraud, corruption and influence peddling at the level of its employees or business relationships, exposing it to criminal, fi nancial or reputational risk.

The group’s geographical footprint, the nature of its operations and its value chain could expose it to the risk of violating applicable laws and regulations related to fi ghting corruption and influence peddling. The consequences would be the payment of signi fi cant fi nes or criminal convictions that could damage the group’s fi nancial position and reputation. Orano has developed a fraud prevention and anti-influence peddling program, as well as a practice for auditing its business relationships. REPUTATIONAL AND FINANCIAL RISK IN THE EVENT OF NON-TRANSPARENT LOBBYING PRACTICES Lack of transparency in lobbying practices could lead to reputational and fi nancial risks. Lobbying practices that are not very transparent could lead to payment of signi fi cant fi nes or criminal convictions that could damage the group’s fi nancial position and reputation.

Description

POLITICAL INFLUENCE AND LOBBYING ACTIVITIES [G1] FUTURE RISK

OWN OPERATIONS

IRO

Description

OWN OPERATIONS, UPSTREAM, DOWNSTREAM

FUTURE OPPORTUNITY

OPPORTUNITIES GENERATED BY REGULATORY LOBBYING

Lobbying activities may influence regulations likely to have a positive effect on the group’s activities. Lobbying actions could promote the energy strategy of certain countries and make it possible to obtain fi nancing for the energy transition. The consequences would be an increase in the group’s revenue and access to preferential fi nancing over a ten-year period.

IRO

Description

237

Orano - Annual Activity Report 2024