Orano - Annual Activity Report 2025 63 CHAPTER 3.1 Internal control system 64 3.1.1 Commitments of the Orano group 64 3.1.2 Internal control objectives 64 3.1.3 Organization of the internal control system 65 3.2 Methodology: risk mapping and risk management 67 3.2.1 Risk management policy and methodology 67 3.2.2 Risk coverage and insurance 68 3.3 Risk factors 70 3.3.1 Geopolitical background 71 3.3.2 Risks related to the group’s operations 72 3.3.3 Risks related to social, societal and environmental commitment 77 3.3.4 Financial risks for the group 79 3.3.5 Regulatory and legal risks 81 3.4 Vigilance plan 84 Methodology, governance and deployment of the 2025 vigilance plan 84 3.4.1 Risk mapping related to the duty of vigilance 85 3.4.2 The deployment of risk prevention measures related to the duty of vigilance 86 3.4.3 Regular risk assessment 106 3.4.4 Orano trains its employees and suppliers, and operates a process for collecting and processing reports 107 3.4.5 Monitoring measures and assessing their effectiveness 108 RISK CONTROL AND VIGILANCE PLAN 3 In a constantly evolving environment, the diversity of Orano’s business activities exposes the group to risks of varying kinds and sources which, if they were to materialize, could have an impact on its operations, financial position, or objectives, or affect its stakeholders. The existence of a strong risk culture within the group enables these risks, which are described below, to be identified, anticipated, and managed within reason in accordance with the information available. This chapter presents the risk management and internal control system aimed at controlling the risks to which the group believes it is exposed as of the date of this document. The risks are then collated with their action plans in order of importance. The coherence and organization of the lines of defense are ensured via a single tool enabling risk analysis and monitoring, internal control, internal audits of the group, and the implementation and monitoring to completion of the associated action plans. This chapter also presents the measures for the prevention and mitigation of major risks liable to affect third parties in accordance with the provisions of French law No. 2017-399 of March 27, 2017, on the duty of vigilance of parent companies and contractors (Section 3.4).
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