Orano - Annual Activity Report 2024 83 RISKS, CONTROL AND DUTY OF VIGILANCE PLAN 3 Duty of vigilance plan 3.4.1 Risk mapping related to the duty of vigilance Methodology for risk mapping related to the duty of vigilance Continuing its commitment to the deployment of the duty of vigilance, Orano has developed a specific risk mapping aimed at identifying, assessing, and prioritizing the risks of serious violations - within the meaning of the French law on the duty of vigilance - that may arise from the group’s activities or those of its suppliers and subcontractors with whom it has an established commercial relationship. This risk mapping is part of the existing risk management and control systems (for more information on these systems, see Sections 3.1, 3.2 and 3.3 of this report) and fed into the materiality analysis presented in Chapter 4. It was reviewed by the Vigilance Committee and submitted for approval to the group’s governance bodies and then presented to the Orano Stakeholders’ Panel. The identification of risks related to the duty of vigilance is based on the group’s Business Risk Model (BRM) (risk management tool, see Section 3.2.1). The BRM risk family sheets have been refined in the three risk categories pursuant to the law on the duty of vigilance, namely: the environment, health and safety of individuals as well as human rights and fundamental freedoms. The risks identified are then assessed before implementing control measures, by analyzing their potential impact on individuals and the environment on the one hand, and their probability of occurrence on the other hand: ● the impact analysis is based on several criteria such as the severity of the consequences if the risk materializes, and the reversible or irreversible nature of the damage; ● the probability analysis is carried out by expert contributors and supplemented by a quantitative method that refers to an ESG index provided by an independent body specializing in risk assessment. The risks are prioritized by combining the results of the impact analysis and probability, giving a raw risk level. Results of the risk mapping related to the duty of vigilance The risks identified, assessed and prioritized on the basis of the methodology descried above are grouped into the following three categories: ● health and occupational safety; ● nuclear and industrial safety and environmental protection; and ● human rights and fundamental freedoms. Health and occupational safety The health and occupational safety of individuals are part of the group’s fundamental values. Orano implements numerous prevention and monitoring measures, based on a constant assessment of risks. In this regard, the main risks identified are as follows: ● risks associated with the health of employees of the group or of an external company; ● the risk of radiological contamination or significant irradiation of an employee of the group or of an external company; ● the risk of a serious or fatal accident of an employee of the group or of an external company; ● the risk of a serious incident affecting an employee during a business trip off-site; and ● the risk of a nuclear, industrial or chemical accident occurring at a facility or transport with health consequences for local residents. Nuclear and industrial safety and environmental protection Orano’s environmental commitment is part of its purpose. This commitment consists in anticipating the risks of damage likely to be caused to the environment, climate and biodiversity, limiting its environmental footprint and in adapting to climate change scenarios. The group’s efforts are also constantly evolving to strive for the application of the highest standards in the area of nuclear safety. The risks likely to be generated by the group’s activities are mainly related to operations that may harm the environment, nonrenewable natural resources and biodiversity, namely: ● the risk of a nuclear accident occurring at a facility; ● the risk of an industrial or chemical accident occurring at a facility; ● the risk of an incident occurring during the transport of nuclear or chemical products; ● the risk of accidental chemical and radiological spills; ● the risk of chemical or radiological environmental pollution from past activities of facilities; ● the risk related to improper management of radioactive waste; ● the risk related to the contribution of greenhouse gas emissions to climate change; and ● the risks to biodiversity and the use of resources necessary for the group’s activity (water, energy, raw materials, etc.).
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