ORANO // Annual Activity Report 2024

STATEMENTS

Consolidated fi nancial statements - fi nancial year ended December 31, 2024

NOTE 31 ISSUES RELATED TO CLIMATE RISKS Convinced of the role that nuclear power can play in the fi ght against climate change and the energy transition towards low carbon electricity, Orano has long been committed to a program to reduce its own emissions in order to contribute to the reduction in residual emissions in the electronuclear industry’s carbon footprint. Issues related to climate change mitigation are thus addressed as part of Orano’s corporate project and its Commitment roadmap, with milestones in 2025 and 2030. Through the “Climate” commitment, the group is committed to contributing to climate change mitigation efforts. In 2020, Orano set itself a target of reducing its market based scope 1 and 2 greenhouse gas emissions in 2025 (compared to 2019). At the end of 2024, the group maintained the target of a 25% reduction until 2030 (compared to 2019) in a context of growth in its activities. The decarbonization levers for existing operations and future projects are: energy ef fi ciency, reduction of fossil fuels, decarbonization of electricity in countries with a high emission factor (Kazakhstan, Canada) and the reduction of greenhouse gas emissions from processes. Each year, the group monitors its projected GHG emissions trajectory in order to verify the compatibility of the actions identi fi ed with the objectives. The investments needed to reduce the carbon footprint are consolidated and their integration into the fi nancial trajectory is veri fi ed.

The fi nancial trajectories used for asset impairment tests include the expenses associated with these investments. Any impact on the useful lives of the assets impacted by the decarbonization commitments has been taken into account. In addition, the group analyzed the impact of its objectives on the useful life of property, plant and equipment or the valuation of provisions for contingencies and con fi rmed the absence of a signi fi cant impact on the fi nancial statements. Since 2021, Orano has also been working on adapting to climate change through analyses of the vulnerability of its activities to climate change. The adaptation program was integrated into the 2030 Commitment roadmap at the end of 2024. The physical risks related to climate change have been analyzed on the basis of the RCP-4.5 and -8.5 emission scenarios, by 2050 and 2100 in line with expected lives of the facilities. Transition risks have been analyzed on the basis of the International Energy Agency (IEA) World Energy Outlook. Analysis of the physical risks shows that the vulnerability of Orano’s activities is moderate but that the vulnerabilities identi fi ed require the de fi nition and development of speci fi c adaptation plans. A macro plan for adaptation to climate vulnerabilities, co-developed with the sites concerned, must be rolled out by 2030. Calculation of the necessary investments is underway.

NOTE 32 OFF-BALANCE SHEET COMMITMENTS

Commitments related to operational activities

December 31, 2024

Less than 1 year

From 1 to 5 years

More than 5 years

December 31, 2023

(in millions of euros)

Commitments given

764

102

467

195

807

Commitments given in connection with the performance of contracts

641

94

390

157

684

● Operating commitments given ● Other commitments given Commitments received Contractual commitments Other commitments received Reciprocal commitments

95 28

6 2

70

19 19

92 30

7

6

145 144

113 113

30 30

1 1

110 110

-

-

-

-

-

714 387 The amount of guarantees given for facilities classi fi ed for environmental protection (ICPE) has been included in the provision for site redevelopment (see Note 25). Reciprocal commitments concern investment orders. 134 463 118

379

Orano - Annual Activity Report 2024