Orano - Annual Activity Report 2024 150 4 SUSTAINABILITY STATEMENT Environmental information CHANGE IN ORANO SCOPES 1 AND 2 MARKET-BASED GREENHOUSE GAS EMISSIONS 2004 2015 2019 2020 2021 2022 2023 2024 1,154 732 479 466 383 362 350 290 359 ktCO2e GES scope 1 GES scope 2 market-based ktCO2e unit -58% -40% -75% Orano objective for 2025 and 2030 (-25% vs. 2019) 2004 scope 1 and 2 marketbased emissions Modernization of conversion plants (France) 2019 scope 1 and 2 market-based emissions Closing of the Cominak mine (Niger) Shutdown of fuel oil boilers in la Hague (France) Activityrelated changes 2023 scope 1 and 2 market-based emissions Impact of Somaïr’s activity Financing of photovoltaic projects in Kazakhstan and Canada Other operational impacts Development of a new deposit at Katco 2024 scopes 1 and 2 market-based emissions 1 154 479 82 38 9 350 28 43 3 14 675 290 359 ktCO2e KtCO2e Source: Orano -58% -40% Orano objective for 2025 and 2030 (-25% vs. 2019) The group has set itself in 2023 a short-term objective of reducing its direct and indirect GHG emissions (scopes 1 and 2) by an additional -25% by 2025 compared to 2019 (or -50% vs. 2015). This objective is aligned with the Paris Agreement and a “1.5°C” trajectory according to the Science-Based Target Initiative (SBTI) framework. It is based as well as an industrial vision updated annually, on the analysis of decarbonization levers and locked-in emissions. Orano has already in 2024 achieved a 40% reduction in its scopes 1 and 2 market-based emissions vs. 2019 but anticipates future increases related to the increase in its activity as part of the nuclear revival and the launch of new activities in line with its purpose. As part of the renewal of its Commitment roadmap for 2030 at the end of 2024, the group is extending its commitment to maintain the 25% reduction in its scopes 1 and 2 market-based emissions in 2030 vs. 2019 in a context of increased activity. This target is assessed “Well below 2°C” by the Science-Based Target Initiative (SBTI) model, which does not take into account the reductions in emissions made by the group between 2004 and 2019. In 2030, this new target will reduce the group’s emissions by -70% compared to 2004 and -50% compared to 2015. This is in line with the French National Low Carbon Strategy (SNBC v2 of 2020) which expects -40% in 2030 vs. 1990 and -28% in 2030 vs. 2015. This reflects France’s plan to be aligned with the Paris Agreement and will be revised soon to be aligned with the European Union (EU) “Fit for 55” ambition. The group’s objectives will ultimately contribute to the reduction in emissions per kWh of nuclear origin (between 4g CO2/kWh according to EDF life cycle analysis and 12g CO2/kWh in the IPCC literature). Short-term target raised to -25% of scopes 1 and 2 market-based emissions compared to 2019 Orano began a program to reduce its greenhouse gas emissions in 2004. This enabled a -57% reduction in scope 1 and scope 2 emissions between 2004 and 2019, in particular through new, more energy-efficient facilities, a reduction in heavy fuel oil consumption and elimination of SF6 emissions.
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