Orano - Annual Activity Report 2025 145 SUSTAINABILITY STATEMENT 4 Environmental information The reliability of the portfolio of actions to achieve decarbonization objectives is analyzed every year when the industrial master site plans are updated. The greenhouse gas emissions trajectories are presented to the executive committee and the Board of directors at the end of the strategic action plan exercise. The climate change adaptation program has also been presented regularly since 2021. The group’s Stakeholders’ Panel includes an expert on the subject of climate change. Mitigation and adaptation are on the agenda of the Board training sessions. Role of the Board of directors and its specialized committees in terms of Climate On climate-related subjects, ● the strategy, investments and sustainability committee examines the implementation of the Company’s strategy at its level and at subsidiary level, taking into account the impacts of climate change; ● the audit and ethics committee ensures that climate risks are addressed in the group’s internal control and risk management systems. It also ensures that climate-related information is published externally in accordance with regulations; ● the compensation and appointments committee ensures that the compensation policy includes an objective linked to the implementation of the CSR, climate and business ethics approach within the group. It also suggests changes to be made to the Board and its committees on climate-related governance. Each year, the Board of directors approves the climate strategy proposed by Executive Management (greenhouse gas emissions transition plan). Integration of sustainability-related performance in incentive schemes Directors receive fixed compensation and attendance fees. In France, directors of listed companies do not receive variable compensation linked to performance objectives in terms of sustainability or the climate. The variable compensation of the Chief Executive Officer in 2023 includes greenhouse gas reduction targets. Since 2024, they enhanced an objective on climate change adaptation, bringing the climate-related objectives to 10% of his variable compensation. 4.2.1.2 Climate Change-related IROs Orano uses the classic definitions of climate change mitigation and climate change adaptation: ● climate change mitigation: the process of reducing GHG emissions and containing the rise in global average temperature from pre-industrial levels to 1.5°C by 2100, as provided for in the Paris Agreement; ● climate change adaptation: adjustment process to current and expected climate change and its impacts. For its materiality analysis and the identification of Impacts, Risks and Opportunities (IRO), Orano relied on its existing mapping (risks, vigilance), the knowledge of its experts and existing studies (impact studies, specific studies, etc.), as well as interviews with 150 stakeholders, as described in Section 4.1.5.2 Double materiality analysis methodology. On the specific topic of climate, the group drew on the work of the IPCC and the IEA on the role of nuclear energy and on the group’s work in terms of identifying physical and transition risks. These analyses are summarized in six material IROs related to climate. Detailed analyses are presented in Section 4.2.1.3.
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