Orano - Annual Activity Report 2025 237 SUSTAINABILITY STATEMENT 4 Governance information 4.4 Governance information 4.4.1 Being exemplary in terms of ethics and business conduct [G1] 4.4.1.1 The role of governance in the conduct of business The role and expertise of the administrative, management and supervisory bodies are presented in Section 4.1.2.1. 4.4.1.2 IRO related to business conduct 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. In the specific context of business conduct, the group has relied on traditional issues related to its activities, as well as on its risk analysis presented in Section 3.3. MATERIAL IMPACTS, RISKS AND OPPORTUNITIES RELATED TO BUSINESS CONDUCT Type Impact, Risk and Opportunity Localization in the value chain and time horizon ETHICS AND CORPORATE CULTURE [G1] FUTURE RISK REPUTATIONAL AND FINANCIAL RISK IN THE EVENT OF UNETHICAL MANAGERIAL OR BUSINESS PRACTICES OWN OPERATIONS, UPSTREAM, DOWNSTREAM IRO Managerial practices (protection of whistleblowers) and commercial practices (compliance with international sanctions, competition rules) that are not very transparent or unethical could lead to reputational and financial risks. Description Managerial practices (protection of whistleblowers) and commercial practices (compliance with international sanctions, competition rules) that are not very transparent or unethical could lead to the payment of significant fines and criminal convictions that damage the group’s financial position and image. PREVENTION OF FRAUD, CORRUPTION AND INFLUENCE-PEDDLING [G1] FUTURE RISK RISKS OF FRAUD, CORRUPTION AND INFLUENCE-PEDDLING OWN OPERATIONS, UPSTREAM, DOWNSTREAM IRO The group may be exposed to a risk of fraud, corruption and influence-peddling at the level of its employees or business relationships, exposing it to criminal, financial or reputational risk. Description The group’s geographical footprint, the nature of its operations and its value chain could expose it to the risk of violating applicable laws and regulations related to fighting corruption and influence-peddling. The consequences would be the payment of significant fines or criminal convictions that could damage the group’s financial position and reputation. Orano has developed a fraud prevention and anti-influence-peddling program, as well as a practice for auditing its business relationships.
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