Orano - Annual Activity Report 2024 61 CHAPTER 3.1 Internal control system 62 3.1.1 Commitments of the Orano group 62 3.1.2 Internal control objectives 62 3.1.3 Organization of the internal control system 63 3.2 Methodology: risk mapping and risk management 65 3.2.1 Risk management policy and methodology 65 3.2.2 Risk coverage and insurance 66 3.3 Risk factors 68 3.3.1 Geopolitical risks 69 3.3.2 Risks related to the group’s business activities 71 3.3.3 Risks related to social, societal and environmental commitment 75 3.3.4 Financial risks for the group 77 3.3.5 Regulatory and legal risks 79 3.4 Duty of vigilance plan 82 3.4.1 Risk mapping related to the duty of vigilance 83 3.4.2 Measures applied in the prevention of duty of vigilance risks 84 3.4.3 Regular risk assessment 104 3.4.4 Orano trains its employees and suppliers, and operates a process for collecting and processing reports 105 3.4.5 Monitoring measures and assessing their effectiveness 105 RISKS, CONTROL AND DUTY OF VIGILANCE PLAN 3 In a constantly evolving environment, the diversity of Orano’s business activities exposes the group to risks of varying kinds and sources which, if they were to materialize, could have an impact on its operations, financial position or objectives, or affect its stakeholders. The existence of a strong risk culture within the group enables these risks, which are described below, to be identified, anticipated and managed within reason in accordance with the information available. This chapter presents the risk management and internal control system aimed at controlling the risks to which the group believes it is exposed as of the date of this document. The risks are then collated with their action plans in order of importance. The coherence and organization of the lines of defense are ensured via a single tool enabling risk analysis and monitoring, internal control, internal audits of the group, and the implementation and monitoring to completion of the associated action plans. This chapter also presents the measures for the prevention and mitigation of major risks liable to affect third parties in accordance with the provisions of French law No. 2017-399 of March 27, 2017, on the duty of vigilance of parent companies and contractors (Section 3.4).
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