Orano - Annual Activity Report 2025 167 SUSTAINABILITY STATEMENT 4 Environmental information An eligible activity will be said to be “aligned” with the Taxonomy criteria if it meets the following requirements: ● it contributes substantially to the objective in question according to the technical review criteria defined for this activity; ● it does not cause significant harm to any of the five other environmental objectives, based on another set of technical review criteria; and ● it is exercised in compliance with the minimum guarantees in terms of protection of human rights, the fight against corruption, fraud (including tax fraud) and anti-competitive practices. Orano’s corporate purpose focused on the preservation of the climate, resources and health (see Section 4.1.3) is consistent with the objectives of the Taxonomy. In accordance with the aforementioned regulation, companies present three indicators from the consolidated financial statements: the share of turnover, capital expenditure (“CapEx”), and operating expenses (“OpEx”) associated with economic activities eligible for the Taxonomy and aligned with its criteria. The delegated regulation of the European Commission of July 4, 2025, published in the Official Journal of the European Union on January 8, 2026, simplifies the content and presentation of the information to be published. Thus, activities considered as nonsignificant according to the provisions of the regulation do not have to be published. Methodology The group’s activities (uranium mining, conversion and enrichment, treatment and recycling of spent nuclear fuel, nuclear cask, decommissioning of end-of-life facilities, engineering) are not eligible for the Taxonomy despite their contribution to the nuclear power generation, itself eligible for the Taxonomy. The group’s identified activities, such as seawater desalination in Namibia, rail and road transport, together represent 1.1% of the group’s consolidated revenue. These activities are considered nonmaterial and, as such, are not subject to specific publication. In addition, the Finance, HSE, and Business Unit program departments analyze the categories of investments made during the financial year, such as acquisitions and ownership of buildings, energy-efficient equipment, investments in emergency response and flood risk prevention, and private car fleets. “Acquisition and ownership of buildings” represented 9.2% of the amount of consolidated capex. The other activities analyzed together represent 4.7% of this same indicator and as such are not published. The group publishes the “acquisition and ownership of buildings” category. The analysis of compliance with the technical criteria, the absence of significant generic or specific harm to the six environmental objectives and compliance with the minimum guarantees makes it possible to determine the alignment of eligible activities. Indicators Published turnover, capital expenditure (“CapEx”), and operational expenses (“OpEx”) are produced from the group’s information systems. Turnover indicator The indicator relating to published turnover is the group’s consolidated revenue as communicated in Section 6.1 Consolidated financial statements of the annual report. The accounting principles concerning turnover are described in the Note 1.3.6 of Chapter 6. Operational expenditure indicator (OpEx) The types of OpEx considered by the Taxonomy correspond to noncapitalized Research and Development expenses, expenses related to short-term leases as well as maintenance, upkeep and repair costs for industrial processes and buildings. Given the low proportion of eligible activities within the group, the nature of the above-mentioned OpEx, mostly associated with noneligible activities, as well as the marginal nature of these expenses in the group’s business model, Orano uses the publication exemption. Capital expenditure indicator (CapEx) The CapEx indicator is defined as the amount of material investments eligible (or aligned) for the Taxonomy (numerator) for the year divided by the total amount of investments for the year (denominator). The amount of investments consists of acquisitions of property, plant, and equipment (Note 11 of the consolidated financial statements), intangible assets (Note 10 of the consolidated financial statements), as well as assets related to rights of use (Note 12 of the consolidated financial statements). The accounting principles concerning investments are described in Note 1.3.7 Valuation of property, plant and equipment and intangible assets in the notes to the consolidated financial statements in Section 6.1. A reconciliation between the amount of investments used for this indicator (denominator) and the consolidated financial statements is shown below the CapEx table. The group has identified the capital expenditure considered as eligible activities corresponding to the “individual measures”. Review of activity alignment criteria Alignment criteria for activity CCM7.7 “Acquisition and ownership of buildings” In order to assess the alignment of its activities and individual measures (CapEx), each group entity examined compliance with the substantial contribution criteria provided for by the texts. When documentation by external experts to justify compliance with the technical criteria for a substantial contribution was not available, the group considered that the activity was not aligned.
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