Orano - Annual Activity Report 2025 129 SUSTAINABILITY STATEMENT 4 Societal and environmental challenges at the heart of the strategy 4.1.3 Societal and environmental commitment at the heart of the group’s strategy 4.1.3.1 The group’s activities on behalf of the climate, health, and the preservation of resources Convinced that the preservation of the climate, resources and health are fundamental issues, Orano has placed them at the heart of its Corporate purpose and intends to use and develop all of its know-how in the transformation and control of nuclear materials today and tomorrow. Against the backdrop of growing global demand for electricity and the need to tackle climate change while preserving natural resources, Orano has risen to the challenge by helping to boost the share of nuclear energy worldwide by providing its customers with services and products throughout the fuel cycle (supply of uranium, processing, recycling of nuclear materials, waste management, etc.) in order to generate low-carbon electricity. The group is also involved in the preservation of resources, health and research through its innovation and new activities, including Orano Med. Making a significant contribution to key global issues Through its actions, Orano intends to contribute to the fight against global warming and the preservation of resources and health – major challenges of the century. Developing access to competitive and low-carbon electricity for all in a world fighting against global warming The IPCC scenarios confirm it: to contain global warming to below 2°C and continue to evolve in a sustainable world, nuclear power is not the only solution, but it is essential. The 2015 Paris Agreement on the fight against climate change provides for a sharp reduction in CO2 emissions, and the European Union has set itself an objective of carbon neutrality by 2050. Orano intends to contribute to this collective mobilization. Electricity is a basic commodity whose cost must remain affordable. This is a major societal issue for all countries, and one that will support the electrification of the economy. For Orano, nuclear energy is a competitive energy source that has its place in decarbonization. Conserving resources through recycling As natural resources are by nature finite, Orano is convinced that the recycling of nuclear materials is a responsible and sustainable approach, in a circular economy approach. The French nuclear industry was one of the first to introduce recycling by processing spent fuel in order to reduce the volume of waste and save materials. This know-how acquired in the transformation and control of nuclear materials can contribute to the development of other strategic recycling methods, such as for batteries. Contributing to better health thanks to nuclear medicine Orano’s know-how goes beyond protecting the health of its employees, the workers in our value chain and the communities around the industrial and mining sites operated by Orano. Controlled nuclear materials can help save lives, through their use in cancer treatments or in medical research in the form of isotopes. A Corporate purpose and values that guide each employee In 2020, Orano adopted a Corporate purpose, co-developed with the teams and more than 130 external stakeholders. It has been included in the Company’s Articles of Association since 2022. ORANO’S CORPORATE PURPOSE Develop know-how in the transformation and control of nuclear materials for the climate, for a healthy and resource-efficient world, now and tomorrow. ● “Develop know-how” refers to the importance of human and technological skills and the commitment to their development, with a view to continuous progress; ● “Transformation and control” refers to the group’s skills and the importance given to the safety of facilities and materials. This formulation also makes it possible not to limit the strategic scope to nuclear materials alone, but to all activities where the know-how acquired from nuclear materials makes it possible to make a difference; ● “Nuclear materials” affirms the group’s core business; ● “For the climate, for a healthy and resource-efficient world” means a triple commitment to the climate through low-carbon and competitive energy, commitment to the preservation of resources, and commitment to health; and ● “Now and tomorrow” refers to current positioning as well as for future generations. In line with its Corporate purpose, Orano develops activities in Mining, Front End and Back End of the cycle and other activities in order to provide products and services to electricity companies and nuclear operators. Nearly 200 customers in 30 countries obtain their supplies from Orano. All of the business lines of the cycle (extraction, transformation and enrichment of uranium, recycling of nuclear materials, manufacturing of cask and transport, decommissioning and related services, engineering), as well as Orano’s activities in the nuclear medicine industry, contribute to this Corporate purpose. Through Orano Med, the group intends to expand in the pharmaceutical and medical industry value chain. It also intends to expand in the automotive value chain through an electric vehicle battery recycling activity.
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