Cameco’s board and management understand that our responses to the changing dynamics of climate-related opportunities and risks are central to long-term sustainability and value for all of Cameco’s stakeholders. Climate-related opportunities and risks are integral to our governance, strategy and risk management processes and are firmly committed to being an active partner in addressing climate change.
At Cameco, we are committed to transparency and hold ourselves accountable for quality reporting on ESG matters to our shareholders, customers, employees, regulators, local Indigenous Peoples, communities around our operations, and other stakeholders. Given the evolving ESG landscape, and our commitment to continually improve our ESG disclosure, we established a multi-disciplinary working group to lead the process.
Cameco's ESG goals are integrated within our business and management plans, including a number that are linked to short-term incentive programs for all employees. They are aligned with Cameco's values and our measures of success and we believe that ongoing progress toward achieving these goals will further strengthen our ESG performance in the long-term.
Protecting the environment at every stage of our operations is a top priority as we bring the multiple benefits of safe, clean, reliable nuclear energy to the world.
We respect the rights of all our stakeholders and believe that maintaining strong relationships is essential to our long-term sustainability and success.
Our commitment to sustainability begins at the top, with our board of directors overseeing management, strategy and the integration of ESG principles throughout Cameco.
These are some of our noteworthy accomplishments and performance highlights. Download
The Community Based Environmental Monitoring Program, that complements our internal environmental program, was awarded the prestigious Towards Sustainable Mining® Community Engagement Excellence Award by the Mining Association of Canada.
Consistent with our support for climate action and our net-zero ambitions, we started responding to the recommendations of the Task Force on Climate-related Financial Disclosures.
Our energy conservation practices and one of our employees at our Port Hope conversion facility were recognized by the Independent Electricity System Operator in Ontario. Since 2013, the facility has saved approximately 2,000 MWh of electricity annually, enough to power 150 homes for a year.
We established an independent tailings review board to conduct annual reviews. The board completed its first review in 2020.
We were gold-certified under the Progressive Aboriginal Relations program of the Canadian Council for Aboriginal Business.
From 2018 to 2020, 22 mentees and 37 mentors have participated in the Mine Your Potential Mentorship program that supports women in the mining industry.
We achieved our best ever safety performance as measured by Total Recordable Injury Rate (a record performance for the third year in a row).
2020 was the first calendar year in the history of the company without a lost time injury (employees and contractors) across the organization.
We ranked 31st out of 211 companies in the Globe and Mail’s Board Games 2020 and were the only company to receive all seven points for gender and other forms of diversity.
We have a conduct and ethics committee that shares the responsibility for oversight of ethics matters and practices. The committee includes representatives from internal audit, human resources, legal, and our executive team.
Our Supplier Code of Conduct and Ethics outlines our expectations and requires our suppliers to adhere to all human rights, labour, and employment laws in the countries where they operate.
2020 ESG Performance Table
Details of all our 2020 ESG indicator results are available under each of the following topics: