Orano - Annual Activity Report 2024 144 4 SUSTAINABILITY STATEMENT Environmental information MATERIAL IMPACTS, RISKS AND OPPORTUNITIES RELATED TO CLIMATE CHANGE MITIGATION Type Impacts, Risks and Opportunities Localization in the value chain CLIMATE CHANGE MITIGATION [E1] PROVEN NEGATIVE IMPACT IMPACT OF GREENHOUSE GAS EMISSIONS ON CLIMATE CHANGE OWN OPERATIONS, UPSTREAM IRO The group’s greenhouse gas emissions, like those of others, contribute to global warming. Description Orano’s activities (mining, enrichment, project execution) have a significant carbon footprint in the overall footprint per kWh of nuclear origin. Orano is implementing a transition plan to reduce its carbon footprint. PROVEN POSITIVE IMPACT CONTRIBUTION OF NUCLEAR TO THE FIGHT AGAINST GLOBAL WARMING OWN OPERATIONS, UPSTREAM, DOWNSTREAM IRO Nuclear energy is a low-carbon energy and can contribute to the fight against climate change. Description The kWh of nuclear origin have a very favorable carbon footprint compared to other means of electricity production, enabling customers and end consumers to decarbonize their activities. This is favorable to Orano’s activities and its value chain over a ten-year period. FUTURE RISK RISK OF INADEQUACY OF THE TRANSITION PLAN OWN OPERATIONS IRO An insufficient transition plan could generate financial and commercial risks. Description A GHG emissions reduction trajectory that is not aligned with external expectations may generate financial or commercial risks over the next ten years. This would result in limited debt and investment financing capacity, a fall in earnings due to higher financing rates, taxes on greenhouse gas emissions, a potential loss of revenue, a loss of attractiveness... FUTURE OPPORTUNITY OPPORTUNITY FOR NUCLEAR DEVELOPMENT AND THE GROUP’S ACTIVITIES OWN OPERATIONS, DOWNSTREAM IRO The significant contribution of nuclear energy to climate change mitigation objectives can promote the development of nuclear energy and new nuclear technologies such as multi-recycling, reprocessing uranium, innovative fuels, reduced waste toxicity, molten salt reactors, etc. Description Mitigation policies are partly based on the electrification of uses and the transition to low-carbon energies, including nuclear. This will benefit the group’s revenue growth over the next 10 years.
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