RSS
Cameco received a ringing endorsement of its business practices on September 6, 2000, when it was included in the 2001 Dow Jones Sustainability Group Index (DJSGI). This is the first index to track the performance of leading sustainability-driven companies worldwide. Only the top 10% of companies in each industry category are included on the list.
The purpose of the index is to measure the long-term shareholder value created by a group of companies that responsibly manage the economic, environmental and social parts of their businesses. Financial performance of the company is only a part of the evaluation criteria.
Cameco is now in an elite group, enjoyed by less than 300 organizations around the world and only 15 other Canadian companies. There are 10 market sectors and 64 industry groups in the DJSGI and Cameco falls into the diversified mining category in the basic materials market sector.
The international business community is putting more emphasis on stewardship of the environment and social responsibility. Being included in the DJSGI demonstrates that Cameco is an industry leader in managing the economic, social and environmental aspects of its business. Corporate policies, activities and programs are under increased scrutiny to ensure such sound business behavior. The term “sustainability” has become the word to define this behavior. At Cameco we often use the term “responsible management.”
But what is the significance of our inclusion in this sustainability index? First, it is affirmation by an independent, respected third party that Cameco operates responsibly. Inclusion in the DJSGI demonstrates to Cameco's many stakeholders that the company has above average sustainability performance compared to other companies in our industry.
In addition to third-party acknowledgement of Cameco's business practices, a position on the DJSGI makes the company more attractive to investors who prefer to purchase stocks in companies with sustainable business practices.
Both of these benefits highlight the fact that our environmental and social efforts have earned the company a unique position in the marketplace.
It is a significant achievement for Cameco to be included in the DJSGI, and one that was earned by a company-wide commitment to our core values of people, environment, excellence and integrity. Looking after the health, safety and well being of our employees and the public, protecting the environment and supporting the communities near our operations is good business and will remain a priority. Employee efforts and suggestions are helping Cameco continually improve its sustainable business practices.