Orano - Annual Activity Report 2025 125 SUSTAINABILITY STATEMENT 4 Societal and environmental challenges at the heart of the strategy Information relating to the detailed composition and expertise of the Board of directors is presented in Chapter 5, Section 5.1.1. Role of the Board of directors in terms of sustainability, management of expertise and actions in 2025 The Board of directors guides and monitors the group’s actions and results, including in non-financial matters. It is informed annually of the material IROs, due diligence implementation and sustainability policies, actions, targets and results. The Board of directors monitors at least once a year the overall progress of the group’s Engagement roadmap. The monitoring of material Impacts, Risks and Opportunities (IRO), policies, actions, targets and results is managed by each specialized committee of the Board of directors according to the subjects, as provided for in the Board’s rules of procedure. The audit and ethics committee (AEC) is specifically in charge of monitoring the process of preparing the sustainability statement, including the identification of material Impacts, Risks and Opportunities (IRO). In 2025, the AEC reviewed the progress towards compliance with the CSRD directive on a half-yearly basis. The strategy, investments and sustainability committee takes sustainability matters and the group’s Engagement roadmap into consideration when reviewing the Company’s strategy and decisions on major investments. The breakdown of IRO and policy monitoring by each committee is presented below in Section 4.1.5.1. In 2025, the Board of directors approved the Climate strategy and the investments planned by the group over the next 10 years in terms of adaptation to climate change. As every year, it reviewed the group’s strategy and its inclusion of sustainability matters in the group’s objectives. In particular, the focus was on the group’s non-financial ratings, as well as on the progress of the Responsible Purchasing policy. The Board also ensures the diversity and complementarity of the skills and expertise present within it. In this spirit and with a view to continuous improvement, the meeting of the compensation and nominating committee on April 3, 2025 reviewed the method for self-assessing directors’ skills and considered the following areas of expertise essential to the proper functioning of the Board: knowledge of industry or energy (including nuclear), finance and risks/internal control, strategy, CSR, Executive Management, major project management and technology and innovation. 92% of the members of the Board of directors have expertise in sustainability (encompassing environmental, climate, social, governance, ethics and compliance issues). The directors’ sustainability skills are presented in Section 5.1.1.5. Each director may receive training, if he or she deems it necessary, in the role of director and training on the specificities of the Company, its business lines and sectors of activity, as well as its challenges in terms of social and environmental responsibility, in particular climate issues. A training session for all directors on climate change adaptation and nature preservation issues was provided in January 2025. 4.1.2.2 Operational management led by the executive committee and the corporate departments Role of Executive Management The executive committee ensures the consistency of the group’s strategy and decisions with its Corporate purpose, as well as the implementation of the corporate project in the processes. The executive committee validates the Impacts, Risks and Opportunities (IRO) as well as the materiality analysis. It validates and implements the group’s main policies. It oversees their proper execution and progress through regular reviews. It oversees the smooth running of the Engagement roadmap and progress towards the targets set. An overall progress report on the roadmap is made to the executive committee at least once a year. In 2025, the executive committee approved the Climate strategy and the necessary investments in terms of climate change adaptation. It also approved the Nature strategy. Role of the Health – Safety and Environment (HSE) Department in charge of sustainability The Corporate Commitment Department, which reports to the Head of Health – Safety and Environment (HSE), a member of the executive committee, coordinates the processes around sustainability. It also coordinates the preparation and monitoring of the group’s voluntary commitments, as well as their external communication. It relies on the business lines responsible for their area (Environment, Human Resources, Supply Chain, Compliance, etc.). In particular, it validates, in conjunction with the Finance Department, the scope of consolidation in terms of sustainability. Role of the corporate departments Each business line department is responsible for its area of sustainability. It applies the requirements to the group’s subsidiaries, coordinates the necessary networks, and organizes the collection of published information. Each Director defines the policies and programs in his/her area of expertise to achieve the objectives set: ● the Director of Health – Safety and Environment (HSE), a member of the executive committee, defines and manages the Nuclear and industrial safety, health, occupational safety, radiation protection, environment Policy and the group’s Engagement roadmap, including with regard to dialogue with stakeholders; ● the People and Communications Director, a member of the executive committee, steers all Human Resources issues, including Working Conditions, Compensation and Social
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