Orano - Annual Activity Report 2024 249 SUSTAINABILITY STATEMENT 4 Governance information RESPONSIBLE PURCHASING POLICY STRATEGIC VISION: CORPORATE PURPOSE, VALUES, STRATEGIC AXIS AND COMMITMENTS CODE OF ETHICS AND BUSINESS CONDUCT RESPONSIBLE PURCHASING POLICY Choosing partners committed to their employees’ fundamental rights, health, and safety AXIS 1 AXIS 2 Reducing the environmental impact of purchases AXIS 3 Building balanced and virtuous relationships with partners. Promoting diversity and inclusion and contributing to the development of SMEs AXIS 4 Contributing to the development of the industrial sector as well as to the economies of the areas in which the group is active Control of late payments to suppliers Orano pays its suppliers mainly at 60 days and 30 days. Upon receipt of supplier invoices, Orano verifies the performance of the services and the compliance of the invoices with the payment terms mentioned on the orders in order to record them and process their payment on the due date. Orano has set up a dedicated internal organization to facilitate the exchange of information and promote the processing of invoices. The group also monitors compliance with its suppliers’ payment terms on a monthly basis. Orano pays its suppliers within 30 days in the United States, Canada, Europe excluding France and Asia. In France, payments within 30 days are linked to transport and interim services, and represent 1% of the payments made by the group’s French companies. Payments within 30 days represent around 40% of total supplier payments, which are mainly large companies. The average time Orano takes to pay an invoice from the start date of the contractual or statutory term (for a contractual maturity of 30 days) is 27.5 days. The payment period for SMEs is 24.4 days. 96% of supplier payments are paid on the due date for contractual payments within 30 days. In the case of late payments where the payment deadlines are exceeded by a few days (with one exception for the Nigerien entity Somaïr), an organization is in place to continue improving payment deadlines. Orano pays its suppliers within 60 days mainly in France, Africa and the United States. Payments within 60 days represent 60% of the group’s total supplier payments The average time Orano takes to pay an from the start date of the contractual or statutory term (for a contractual maturity of 60 days) is 52.7 days. The payment period for SMEs is 52.9 days. 97% of supplier payments are paid on the due date for payments within 60 days. The financial difficulties encountered in Niger generated delays in the payment of suppliers (1). The Niger entities downgrade the group’s payment period for payments within 30 days by 4.7 days and by 9.5 days for SMEs (excluding Niger, the average 30-day payment period would be 22.8 days, for SMEs 14.9 days), the average payment within 60 days would be 52.6 days (including for SMEs). (1) To better understand the situation in Niger, see Section 2.1.2.1
RkJQdWJsaXNoZXIy NzMxNTcx