Our Approach to ESG Reporting
At Cameco, we are committed to transparency and hold ourselves accountable for quality reporting on ESG matters to our providers of capital, customers, employees, regulators, local Indigenous Peoples, communities around our operations, and other stakeholders. For over 15 years, we have disclosed our ESG performance through an extensive range of environment, safety, social, economic and governance indicators.
As part of our effort to continually evolve the robustness of our sustainability commitments and communications, generally we align our ESG performance indicators with those recommended by the Sustainability Accounting Standards Board (SASB). We have also included a section in this report that addresses our response to the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
Determining Material ESG Topics to Report
The first step in our materiality assessment process consists of reviewing stakeholder requests, examining our previous sustainability materiality assessments as well as the ESG topics of our peer companies, considering SASB and TCFD recommendations, cross checking with our identified company risks, and excluding non-relevant topics based on location, sector, or specific business model. The second step is a workshop where the list of ESG-related topics relevant to Cameco were prioritized according to their importance to our stakeholders and to Cameco’s business and strategy. The final step is a review and validation exercise by our executive team and board of directors. We conducted the first step in 2020 and we conduct the second and third step annually. The latest review by executives, in early 2023, resulted in elevating biodiversity into our list of priority ESG topics. Although biodiversity is not expected to have a material impact on Cameco's performance, we recognize the importance of addressing these concerns for our stakeholders.
Priority ESG Topics
Cameco’s priority ESG topics are listed below (in alphabetical order). The list continues to evolve every year. In addition to our priority topics below, we have included throughout this year's report other ESG topics of interest to our investors and stakeholders.
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