Orano - Annual Activity Report 2025 238 4 SUSTAINABILITY STATEMENT Governance information Type Impact, Risk and Opportunity Localization in the value chain and time horizon POLITICAL DIALOGUE AND LOBBYING ACTIVITIES [G1] FUTURE RISK REPUTATIONAL AND FINANCIAL RISK IN THE EVENT OF NON-TRANSPARENT LOBBYING PRACTICES OWN OPERATIONS, UPSTREAM, DOWNSTREAM IRO Lack of transparency in lobbying practices could lead to reputational and financial risks. Description Lobbying practices that are not very transparent could lead to payment of significant fines or criminal convictions that could damage the group’s financial position and reputation. MANAGEMENT OF RELATIONSHIPS WITH SUPPLIERS [G1] FUTURE RISK RISK IN THE EVENT OF FAILURE OR UNAVAILABILITY OF THE UPSTREAM VALUE CHAIN OWN OPERATIONS IRO The group may face unavailability of suppliers (in terms of deadlines, skills or human resources) to meet its operational needs or failures in subcontracting. Description A strain on the availability of suppliers (investments, maintenance, etc.) could generate additional costs for investment programs and delay the group’s production for five years. The consequences would be an unfavorable impact on the group’s results and cash flows. Orano has implemented a Responsible Purchasing Policy aimed at building balanced and virtuous long-term relationships with its suppliers and making it possible to secure critical supplies. FUTURE OPPORTUNITY PARTNERSHIP LOGIC WITH SUPPLIERS OWN OPERATIONS IRO Orano is developing an extensive corporate approach with its strategic suppliers, based on a long-term and balanced partnership relationship. Description Orano’s policy is to build long-term, balanced and virtuous relationships with its suppliers. It helps to control production costs. 4.4.1.3 Aim to be exemplary in ethics and corporate culture Ethics in business conduct as a value Orano wishes to be an exemplary group in terms of ethics and compliance. As a responsible Company, Orano acts according to two principles considered as priorities: ● compliance with the most demanding requirements commensurate with the challenges in terms of safety and security in the conduct of its activities, as well as for the protection of health and the environment; and ● compliance with the strictest standards of integrity and an unwavering commitment to fight against corruption, fraud, including quality fraud, financial fraud, embezzlement and misappropriation of funds, money-laundering and anticompetitive practices. The Code of Ethics and business conduct was updated in 2022 and published in the group’s nine languages and then incorporated into the internal regulations of entities in France, or equivalent outside France. It is signed by the group’s Chief Executive Officer and its proper application is monitored by the Risk, Compliance and Internal Audit Director. It is available on the group’s website www. orano.group/code-ethique. The values shared by all are defined therein, in line with the group’s corporate purpose. The group’s Code of Ethics and business conduct sets out the principles and rules to be followed to uphold these values on a daily basis. It reflects the group’s culture and its commitments to all stakeholders, particularly in favor of sustainable development and respect for Human Rights. It serves as a reference for all employees and managers, setting out expectations and standards. It extends to subcontractors and suppliers through the signing of a sustainable development commitment applicable to suppliers. The group’s Code of Ethics and business conduct, and the systems deployed within the group cover the following issues: ● the principles that govern the group’s relations with its stakeholders: the countries in which the group operates, their representatives, administrations and authorities, customers and partners, employees and their representatives, shareholders and investors, suppliers and subcontractors, the public and the regions; ● rules on the protection of people, the environment and heritage: respect for people and human rights, prevention of discrimination, harassment and psychosocial risks; protection of health, safety, security and the environment; fight against quality fraud; reputation and brand image; intangible heritage; protection of information and personal data; and
RkJQdWJsaXNoZXIy NzMxNTcx