Orano - Annual Activity Report 2024 237 SUSTAINABILITY STATEMENT 4 Governance information 4.4 Governance information 4.4.1 Being exemplary in terms of ethics and business conduct [G1] 4.4.1.1 The role of governance in the conduct of business The role and expertise of the administrative, management and supervisory bodies are presented in Section 4.1.2.1. 4.4.1.2 IROs related to business conduct For its materiality analysis and the identification of Impacts, Risks and Opportunities (IRO), Orano relied on its existing mapping (risks, vigilance), the knowledge of its experts and existing studies (impact studies, specific studies, etc.) as well as interviews with 150 stakeholders, as described in Section 4.1.5.2 Double materiality analysis methodology . In the specific context of business conduct, the group has relied on traditional issues related to its activities, as well as on its risk analysis presented in Section 3.3. MATERIAL IMPACTS, RISKS AND OPPORTUNITIES RELATED TO BUSINESS CONDUCT Type Impacts, Risks and Opportunities Localization in the value chain BUSINESS ETHICS AND CONDUCT, PREVENTION OF FRAUD, CORRUPTION, AND INFLUENCE TRAFFICKING [G1] FUTURE RISK RISKS OF FRAUD, CORRUPTION AND INFLUENCE PEDDLING OWN OPERATIONS IRO The group may be exposed to a risk of fraud, corruption and influence peddling at the level of its employees or business relationships, exposing it to criminal, financial or reputational risk. Description The group’s geographical footprint, the nature of its operations and its value chain could expose it to the risk of violating applicable laws and regulations related to fighting corruption and influence peddling. The consequences would be the payment of significant fines or criminal convictions that could damage the group’s financial position and reputation. Orano has developed a fraud prevention and anti-influence peddling program, as well as a practice for auditing its business relationships. POLITICAL INFLUENCE AND LOBBYING ACTIVITIES [G1] FUTURE RISK REPUTATIONAL AND FINANCIAL RISK IN THE EVENT OF NON-TRANSPARENT LOBBYING PRACTICES OWN OPERATIONS IRO Lack of transparency in lobbying practices could lead to reputational and financial risks. Description Lobbying practices that are not very transparent could lead to payment of significant fines or criminal convictions that could damage the group’s financial position and reputation. FUTURE OPPORTUNITY OPPORTUNITIES GENERATED BY REGULATORY LOBBYING OWN OPERATIONS, UPSTREAM, DOWNSTREAM IRO Lobbying activities may influence regulations likely to have a positive effect on the group’s activities. Description Lobbying actions could promote the energy strategy of certain countries and make it possible to obtain financing for the energy transition. The consequences would be an increase in the group’s revenue and access to preferential financing over a ten-year period.
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