Annual Activity Report 2025

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 IRO 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 and time horizon

4

Type

Impact, Risk and Opportunity

ETHICS AND CORPORATE CULTURE [G1]

OWN OPERATIONS, UPSTREAM, DOWNSTREAM

REPUTATIONAL AND FINANCIAL RISK IN THE EVENT OF UNETHICAL MANAGERIAL OR BUSINESS PRACTICES

FUTURE RISK

Managerial practices (protection of whistleblowers) and commercial practices (compliance with international sanctions, competition rules) that are not very transparent or unethical could lead to reputational and fi nancial risks. Managerial practices (protection of whistleblowers) and commercial practices (compliance with international sanctions, competition rules) that are not very transparent or unethical could lead to the payment of signi fi cant fi nes and criminal convictions that damage the group’s fi nancial position and image.

IRO

Description

PREVENTION OF FRAUD, CORRUPTION AND INFLUENCE-PEDDLING [G1]

OWN OPERATIONS, UPSTREAM, DOWNSTREAM

FUTURE RISK RISKS OF FRAUD, CORRUPTION AND INFLUENCE-PEDDLING

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.

IRO

Description

237

Orano - Annual Activity Report 2025