Annual Activity Report 2025

CHAPTER

3

RISK CONTROL AND VIGILANCE PLAN

3.1 Internal control system

64

3.4 Vigilance plan

84

3.1.1 3.1.2 3.1.3

Commitments of the Orano group

64 64

Methodology, governance and deployment of the 2025 vigilance plan

84

Internal control objectives

3.4.1

Risk mapping related to the duty of vigilance 85

Organization of the internal control system 65

3.4.2 The deployment of risk prevention

measures related to the duty of vigilance

86

3.2 Methodology: risk mapping and risk management

3.4.3 Regular risk assessment

106

67

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

3.2.1 3.2.2

Risk management policy and methodology 67

107

Risk coverage and insurance

68

108

3.3 Risk factors

70

3.3.1 3.3.2 3.3.3

Geopolitical background

71 72 77 79 81

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

3.3.4 Financial risks for the group

3.3.5

Regulatory and legal risks

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).

63

Orano - Annual Activity Report 2025