Orano - Annual Activity Report 2025 12 An operational risk management PRESENTATION OF THE ORANO GROUP 1 1.4 An operational risk management Orano has implemented a risk management system in line with the recommendations of the Autorité des marchés financiers (French Financial Markets Authority – AMF), the professional standards of the Committee of Sponsoring Organizations of the Treadway Commission (COSO) and regulatory changes in sustainability, duty of vigilance and prevention of corruption. The establishment of a strong risk culture within the group enables the identification, anticipation, and management of these risks and associated opportunities. In an unstable geopolitical context, the group demonstrates the resilience of its activities, while remaining vigilant. MAPPING OF THE MAIN RISKS In a constantly changing environment, the diversity of Orano’s activities exposes the group to risks of various kinds and different origins. Risk category in the Orano framework/risk presented Net criticality GEOPOLITICAL BACKGROUND Geopolitical risks and international sanctions lll Risks related to the energy policies of France, other States and the European Union ll Risks related to the requalification of reusable nuclear materials ll RISKS RELATED TO THE GROUP’S BUSINESS ACTIVITIES Risks related to sustainability of industrial facilities, workload plans and cost control lll Risks related to the group’s projects and the Aval du Futur lll Issues related to end-of-lifecycle operations lll Risks related to uranium reserves and resources lll Risks related to the impact of climate change on our facilities and activities ll Cybersecurity risks ll Risks related to subcontracting and suppliers ll Risks related to transport safety and security ll Risks related to contractual and commercial issues ll RISKS RELATED TO SOCIAL, SOCIETAL AND ENVIRONMENTAL COMMITMENT Industrial, accidental and climatic safety and security risks ll Issues related to the group’s transformation and human resources ll Health and occupational safety risks ll FINANCIAL RISKS Risks related to the group’s ability to finance its organic and external growth ll Financial risks relating to assets and liabilities related to end-of-lifecycle operations ll Counterparty risk management related to the use of derivatives and cash investments ll Foreign exchange risk ll Interest rate risk ll REGULATORY AND LEGAL RISKS Risks of corruption and influence peddling l Legal risks involving the group l Tax issues l lll High ll Average l Low
RkJQdWJsaXNoZXIy NzMxNTcx