Orano - Annual Activity Report 2024 115 SUSTAINABILITY STATEMENT 4 Societal and environmental challenges at the heart of the strategy Role of the Board of Directors in terms of sustainability, management of expertise and actions in 2024 The Board of Directors guides and monitors the group’s actions and results, including in non-financial matters. It is informed annually of the material IROs, due diligence implementation and sustainability policies, actions, targets and results. The monitoring of material Impacts, Risks and Opportunities (IRO), policies, actions, targets and results is managed by each specialized committee of the Board of Directors according to the subjects, as provided for in the Board’s rules of procedure. The Audit and Ethics Committee is specifically in charge of monitoring the process of preparing sustainability information, including the identification of material Impacts, Risks and Opportunities (IRO). In 2024, the AEC reviewed the progress of compliance with the CSRD directive on a quarterly basis. The Strategy, Investments and Sustainability Committee takes sustainability matters and the group’s Commitment or Engagement roadmap into consideration when reviewing the company’s strategy and decisions on major investments. The breakdown of IRO and policy monitoring by each committee is presented below in Section 4.1.5.1 The Board of Directors monitors at least once a year the overall progress of the group’s Commitment roadmap. In 2024, the Board of Directors approved the risk mapping relating to the duty of vigilance, the Human Rights policy, the Responsible Purchasing policy and the new Commitment 2030 roadmap. As every year, it reviewed the group’s strategy and its inclusion of sustainability matters in the group’s objectives. The Board also ensures the diversity and complementarity of the skills and expertise present within it. With this in mind, the Compensation and Nominating Committee meeting of December 9, 2024 considered the following areas of expertise essential to the proper functioning of the Board: knowledge of industry and of nuclear in particular, management of major projects, strategy, including its various CSR aspects (whether social, environmental, climatic and/or governance in nature), management, financial expertise, risk management and business conduct. Each director may receive training, if he or she deems it necessary, in the role of director and training on the specificities of the company, its business lines and sectors of activity, as well as its challenges in terms of social and environmental responsibility, in particular climate issues. After the 2021 climate-specific training session, a CSR training session was also provided in January 2024 on the CSRD directive and the duty of vigilance. A training session is planned for the beginning of 2025 on adapting to climate change and the issues of nature conservation. 4.1.2.2 Operational management carried out by the Executive Committee and the Business Line Departments Role of Executive Management The Executive Committee ensures the consistency of the group’s strategy and decisions with its purpose, as well as the implementation of the corporate project in the processes. The Executive Committee validates the Impacts, Risks and Opportunities (IRO) as well as the materiality analysis. It validates and implements the group’s main policies. It oversees their proper execution and progress through regular reviews. It oversees the smooth running of the Commitment roadmap and progress towards the targets set. An overall progress report on the roadmap is made to the Executive Committee at least once a year. In 2024, the Executive Committee approved the Human Rights policy, the Responsible Purchasing policy, the Nature strategy and more generally the update of the Commitment to 2030 roadmap. It also reviewed the eco-design program. Role of the Health – Safety – Environment (HSE) Department in charge of sustainability The Corporate Commitment Department, which reports to the Head of Health – Safety – Environment (HSE), a member of the Executive Committee, coordinates the processes around sustainability information. It also coordinates the preparation and monitoring of the group’s voluntary commitments, as well as their external communication. It relies on the business lines responsible for their area (Environment, Human Resources, Supply Chain, Compliance, etc.). In particular, it validates, in conjunction with the Finance Department, the scope of consolidation in terms of sustainability. Role of the business lines Each business line department is responsible for its area of sustainability. It translates the requirements into documents that can be understood by the group’s subsidiaries, coordinates the necessary networks and organizes the collection of disclosures. Each Director defines the policies and programs in his/her area of expertise to achieve the objectives set: ● the Health – Safety – Environment, Director, a member of the Executive Committee, manages the Nuclear and Industrial Safety – Health – Occupational Safety – Radiation protection – Environment Policy and the group’s commitment roadmap, including with regard to dialogue with stakeholders; ● the People and Communications Director, a member of the Executive Committee, steers all Human Resources issues, including Working Conditions, Compensation and Social Protection, Skills, Social Dialogue, Diversity, and Inclusion;
RkJQdWJsaXNoZXIy NzMxNTcx