Urenco Annual Report 2022

47 Urenco Annual report and accounts 2022 Strategic report 01 Major incident on a Urenco site Description Impact How we are managing the risk An incident resulting in the extended cessation of operations of some production capacity at a Urenco facility. Urenco operates in an environment that is subject to a wide range of health, safety and environment laws, regulations and standards. Failure to comply with these requirements could result in regulatory enforcement action, whichwould likely adversely impact our employees, result in the imposition of restrictions on howwe operate and potentially prove detrimental to our reputation. • Safety is of paramount importance at Urenco. We ensure safety in planning and design, andmonitor safety rigorously through leading indicators such as observations, inspections, assessments, safetymeetings and training, 5Smethodology compliance, andHealth &Safety audits. • Safety Key Performance Indicators are regularly reviewed and findings from incidents are communicated across the business to increase organisational awareness • We work closely with regulatory bodies to ensure the safe, continuous operation of our sites • Each Urenco site has an excellence plan which is owned at licensee level to address andmonitor any weaknesses or adverse trends that are identified Desired culture is not embedded across the organisation Description Impact How we are managing the risk Our Culture programme is one of our strategic pillars and is a key component of enhancing our Sustainability as part of our ESG aspiration. Failure to successfully deliver a credible culture programme could impact Urenco in several ways, including: • Undermining the delivery of our strategic initiatives • Challenges around talent attraction and retention • Reducing the effectiveness of compliance, safety, and security • ChangeManagement training has been included in the Global Leadership Programme that we are conducting across Urenco, as tone-from-the-top is fundamental to bring about the changes desired • Culture KPIs are in place tomonitor trends in regard to employee engagement, Leadership, Behaviours and Inclusion • We implement an annual Culture Plan, and have established Inclusion and Diversity goals for the next 3 years • We are investing in peoplemanagement training, and behaviour &performance management • Organisational Health Surveys are used to gauge employee feedback and informour focus areas and culture improvement workstreams