Our Key ESG Goals

Environment

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.

Saskatchewan mine and mill facilities

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

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).

Environmental performance (all sites)

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

  • 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.

  • 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.

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.


Social

Workplace safety

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

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

  • 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.

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

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

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).

In 2021, establish an inclusion and diversity committee.

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


Governance

Board diversity

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

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

Conduct and ethics

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

Cybersecurity

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

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


  • Indicates target is in our short-term incentive plan for all employees.

*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.