ORANO // Annual Activity Report 2024

CHAPTER

3

RISKS, CONTROL AND DUTY OF VIGILANCE PLAN

3.1 Internal control system

62

3.4 Duty of vigilance plan

82

3.1.1 3.1.2 3.1.3

Commitments of the Orano group

62 62

3.4.1

Risk mapping related to the duty of vigilance

83

Internal control objectives

3.4.2 Measures applied in the prevention of duty of vigilance risks

Organization of the internal control system 63

84

3.4.3 Regular risk assessment

104

3.2 Methodology: risk mapping and risk management

3.4.4 Orano trains its employees and suppliers, and operates a process for collecting and processing reports 3.4.5 Monitoring measures and assessing their effectiveness

65

105

3.2.1 3.2.2

Risk management policy and methodology 65

Risk coverage and insurance

66

105

3.3 Risk factors

68

3.3.1 3.3.2

Geopolitical risks

69

Risks related to the group’s business activities Risks related to social, societal and environmental commitment

71

3.3.3

75 77

3.3.4 Financial risks for the group

3.3.5

Regulatory and legal risks

79

In a constantly evolving environment, the diversity of Orano’s business activities exposes the group to risks of varying kinds and sources which, if they were to materialize, could have an impact on its operations, fi nancial position or objectives, or affect its stakeholders. The existence of a strong risk culture within the group enables these risks, which are described below, to be identi fi ed, anticipated and managed within reason in accordance with the information available. This chapter presents the risk management and internal control system aimed at controlling the risks to which the group believes it is exposed as of the date of this document. The risks are then collated with their action plans in order of importance. The coherence and organization of the lines of defense are ensured via a single tool enabling risk analysis and monitoring, internal control, internal audits of the group, and the implementation and monitoring to completion of the associated action plans. This chapter also presents the measures for the prevention and mitigation of major risks liable to affect third parties in accordance with the provisions of French law No. 2017-399 of March 27, 2017, on the duty of vigilance of parent companies and contractors (Section 3.4).

61

Orano - Annual Activity Report 2024