Our ESG Targets

Looking Back: 2021 Scorecard

We set several ESG targets to demonstrate our commitment to continual advancement. To provide transparency around our ESG performance and activities, we have developed the below scorecard that aggregates our past and future targets and conveys our progress against them.

2021 Targets

Net-zero ambition

As a first step, establish a working group to further study transition risks and opportunities for our operations. The group’s goal is to develop a plan to evaluate initiatives that could result in transformative changes in our GHG emissions and recommend a GHG and/or energy reduction compensable target as soon as practicable.

In 2021, we established a climate transition working group with representatives from SHEQ, finance, technical services, operations, and asset management to further study the transition opportunities and risks. The working group launched several initiatives to identify incremental and transformative energy and GHG reduction opportunities, evaluate climate-related physical risks to our northern Saskatchewan operations, and conduct a TCFD gap analysis.

Saskatchewan mine and mill facilities

Achieve at least a 5% reduction in GHG intensity by 2030.

Our climate transition working group has launched several initiatives to identify incremental and transformative energy and GHG reduction opportunities.

For 2021, a GHG emissions intensity value was not calculated, as all Saskatchewan mine and mill facilities were held in a non-producing state for part of or all of 2021 and do not reflect GHG emissions intensity of standard operations. We will calculate this intensity going forward as our facilities move back into production.

Note that this is a multi-year target.

Ontario fuel services facilities

Achieve a reduction in GHG emissions intensity to 80% of the baseline and maintain that reduction each year (see page 24 of our 2020 ESG report for details).

These facilities achieved an emissions intensity under 80% of their baseline in 2021.

Note that this multi-year target will be revised to align with Ontario’s new Emissions Performance Standard program and our low-carbon transition plan (currently in development).

Environmental performance (all sites)

  • Incur zero significant* environmental incidents or environmental fines annually.

We incurred no significant environmental incidents in 2021.

  • Improve effluent discharge management at our Saskatchewan operations and water discharge management at our Ontario operations by achieving targeted parameters within regulatory limits, historical strong performance, and predicted environmental effects.

We met these water management targets in 2021.

  • Progress groundwater restoration in our US operations by advancing one mine unit into the stability monitoring stage in 2021. Stability monitoring means the active restoration process has been completed.

One mine unit was advanced into the stability monitoring stage in 2021.

Tailings management

Adjust our tailings management system to reflect the 2019 revisions to the Mining Association of Canada’s Towards Sustainable Mining Tailings Management Protocol by 2021.

Our Key Lake operations met the target in 2021 and our Rabbit Lake operations are expected to meet the target in 2022.

2021 Targets

Workplace safety

  • Achieve a total recordable injury rate (TRIR) of 1.27 or less in 2021.

We achieved a TRIR of 1.34 in 2021. While we did not quite meet our target of 1.27, this was nonetheless the best safety performance in our history and a record performance for the fifth year in a row.

  • Maintain long-term downward trend in combined employee and contractor injury frequency.

Downward trend in injury frequency maintained.

  • Maintain long-term downward trend in combined employee and contractor radiation doses.

Maintain long-term downward trend in combined employee and contractor radiation doses.

Indigenous and community relations

  • By 2021, implement a minimum of 15 courses spanning three areas of training (digital readiness, industrial readiness, and Cameco readiness) to develop the skill set of Residents of Saskatchewan’s North (RSN) in conjunction with our initiative to accelerate the adoption of advanced digital and automation technologies at our northern Saskatchewan operations.

Through a collaborative effort within the organization, and with the assistance of external service providers, 15 courses were developed that focused on digital, industrial and Cameco readiness.

Implement a northern Saskatchewan Indigenous apprenticeship program for instrumentation technologists in 2021.

We implemented our apprentice program with individuals from northern Saskatchewan communities. Five are currently working with Cameco. All are Indigenous and RSNs. Three are women (60%).

Annually maintain, or increase, the procurement of services for our northern Saskatchewan operations from northern-owned local businesses (81% in 2020)

82% procured from northern-owned local businesses.

Inclusion and diversity

Each year, strive for a complement of executive officers who are women that, at a minimum, reflects the proportion of women in our workforce (25% of workforce in 2020 were women).

We did not meet this specific target in 2021 (20% of executive officers were women and 25% of the workforce were women).

In 2021, establish an inclusion and diversity committee.

An inclusion and diversity committee was established, with diverse representation from every workplace location in Canada.

100% of all new employees receive respectful workplace and unconscious bias training (annually).

100% of all new employees received respectful workplace and unconscious bias training in 2021.

2021 Targets

Board diversity

At least 30% of board members are women (maintain annually).

Of our current directors, three are women (33% of the total number of directors).

At least one director with Indigenous heritage (maintain annually).

Of our current directors, one is Indigenous (11% of the total number of directors),
and we have had Indigenous directors on our board since 1992.

Conduct and ethics

100% of all employees to complete the Code of Conduct and Ethics refresher course in 2021.

100% of all employees completed the refresher course.


100% of all employees complete the information security course (annually).

100% of all employees completed the information security course in 2021.

Complete at least one internal audit on cybersecurity-related topics (annually).

We completed an internal audit of Microsoft Office 365 Security Configuration in 2021.

*A significant incident is one that (A) results in moderate or significant environmental impacts, or (B) results in current and future remediation costs of greater than, or equal to, $1 million, or (C) which has a reasonable potential to result in a significant negative impact on the company’s reputation with our major stakeholders.

Learn about our 2022 ESG Targets