Annual Activity Report 2025

4

SUSTAINABILITY STATEMENT Environmental information

MATERIAL IMPACTS, RISKS AND OPPORTUNITIES RELATED TO CLIMATE CHANGE MITIGATION

Localization in the value chain and time horizon

Type

Impacts, Risks and Opportunities

CLIMATE CHANGE MITIGATION [E1] PROVEN NEGATIVE IMPACT

OWN OPERATIONS, UPSTREAM

IMPACT OF ENERGY CONSUMPTION AND GREENHOUSE GAS EMISSIONS ON CLIMATE CHANGE The group’s energy consumption and greenhouse gas emissions, like those of others, contribute to global warming. Orano’s activities (mining, enrichment, project execution) have a signi fi cant carbon footprint in the overall footprint per kWh of nuclear origin. Orano is implementing a transition plan to reduce its carbon footprint.

IRO

Description

OWN OPERATIONS, UPSTREAM, DOWNSTREAM

PROVEN POSITIVE IMPACT

CONTRIBUTION OF NUCLEAR TO THE FIGHT AGAINST GLOBAL WARMING

IRO

Nuclear energy is a low-carbon energy and contributes to the fi ght against climate change. The kWh of nuclear origin have a very favorable carbon footprint compared to other means of electricity production, enabling customers and end consumers to decarbonize their activities. This is favorable to Orano’s activities and its value chain over a ten-year period.

Description

OWN OPERATIONS

FUTURE RISK RISK OF INADEQUACY OF THE TRANSITION PLAN

IRO

An insuf fi cient transition plan could generate fi nancial and commercial risks.

A GHG emissions reduction trajectory that is not aligned with external expectations may generate fi nancial or commercial risks over the next 10 years. This would result in limited debt and investment fi nancing capacity, a fall in earnings due to higher fi nancing rates, taxes on greenhouse gas emissions, a potential loss of revenue, a loss of attractiveness, etc .

Description

OWN OPERATIONS, DOWNSTREAM

FUTURE OPPORTUNITY

OPPORTUNITY FOR NUCLEAR DEVELOPMENT AND THE GROUP’S ACTIVITIES

The signi fi cant contribution of nuclear energy to climate change mitigation objectives can promote the development of nuclear energy and new nuclear technologies such as multi recycling, reprocessing uranium, innovative fuels, reduced waste toxicity, molten salt reactors, etc. Mitigation policies are partly based on the electri fi cation of uses and the transition to low-carbon energies, including nuclear. This will bene fi t the group’s revenue growth over the next 10 years.

IRO

Description

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Orano - Annual Activity Report 2025