Orano - Annual Activity Report 2024 176 4 SUSTAINABILITY STATEMENT Environmental information SHARE OF 2024 WATER CONSUMPTION BY ACTIVITY AND GEOGRAPHY By region By activity 23% 8% 70% Front End Back End Mining Europe (Outside France) Africa and Middle East Asia France Americas Source: Orano 21% 36% 31% 0% 12% 4.2.2.5 Financial effects related to water resources Orano is working to quantify the financial impacts related to risks and opportunities related to water resources. The group plans to publish it within three years, in accordance with the provisional provisions of the standard. 4.2.3 Anticipating impacts on biodiversity [E4] 4.2.3.1 Biodiversity within the strategy and business model Orano’s activities are mainly based on the extraction of uranium ores and the provision of services for its electricity customers. Orano’s business model, based on the recovery of mineral materials, does not rely on biological resources and is therefore not directly dependent on biodiversity and ecosystems. An analysis of impacts, dependencies, risks and opportunities (IRO) related to biodiversity was carried out in 2024 as input into the double materiality analysis, and confirmed this analysis from the perspective of the resilience of the business model. Orano. However, the very nature of the group’s mining and industrial activities inevitably contributes to various factors of pressure on biodiversity, and several of our activities are also exposed to physical and transition risks. While the resilience of Orano’s strategy and business model is considered rather strong, the fact remains that certain systemic, physical and transition risks related to biodiversity and ecosystems may have an impact on the successful completion of the group’s mining and industrial activities. Considering all the group’s activities and their value chain (Upstream and Downstream), and projecting a potential future situation estimated for the medium-long term (10 years and beyond), where all the identified risks linked to biodiversity and ecosystems would all occur simultaneously at their maximum intensity, the results show that even if some of the group’s facilities may experience difficulties from time to time (e.g., temporary shutdown of a site due to major hydric stress, or loss of a mining deposit due to more stringent regulations on biodiversity conservation), the impacts remain temporary and/or limited to the site in question: temporary shutdown of a site due to major water stress, or loss of a mining deposit due to the extreme tightening of regulations on biodiversity conservation), the impacts remain temporary and/or limited to the site in question and do not significantly call into question the current strategy and business model. As such, Orano considers that the actions it carries out on behalf of biodiversity and ecosystems are part of a policy to mitigate its impacts, risks and dependencies, and not a transition plan for its business model or its strategy.
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