Sustainability Targets

Looking Back: 2025 Scorecard

We set sustainability targets to demonstrate our commitment to continual advancement. To provide transparency around our sustainability performance and activities, we have developed the scorecard below.

 

ESR Target Legend

  Environment

 
 
2025 Targets
Status
Progress

Physical risks

➝ Develop site-specific adaptation plans for each majority-owned and operationally controlled site that address potentially significant physical climate risks.
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We completed site-specific adaptation plans for each of our majority-owned and operationally controlled sites in 2025.

Environmental Performance1, 2

 Improve environmental performance in significant environmental aspects by achieving 100% completion of annual performance targets at our Saskatchewan mining, Fuel Services, and US operations sites.
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Performance was within the targeted range.
  1. For STIP purposes, there is an overriding modifier: no payout on this measure if there is any incident that results in a moderate or significant environmental impact, current and future remediation costs of ≥$10 million, a significant environmental fine, or that has a reasonable potential to result in significant negative impact on the company’s reputation with our major stakeholders.

  2. If the combined performance of this target exceeds 95%, we consider this target “met.”


 Social

  2025 TargetsStatusProgress

Workplace safety3

 Leading Targets  
 ➝ Complete 100% of the target of 33 effectiveness reviews of corrective actions from past ergonomic assessments and the
corrective actions resulting from the 2024 assessments.
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Our combined performance for these three targets was 93.7%, below the targeted range.
 ➝ Complete 100% of safety critical training.
 Achieve a 100% completion rate of job task observations (two per supervisor per month).
  Lagging Targets  
 ➝ Achieve a total recordable injury rate (TRIR) of 1.8 or less.
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Our 2025 TRIR was 1.78, radiation doses were below regulatory limits, and trends were within historic ranges.4
  Maintain radiation doses as low as reasonably achievable, social and economic factors taken into account (ALARA).

Indigenous and community relations

➝ Strengthen relationships and further support development of northern Saskatchewan-owned businesses. Focus on identifying and building a program of baseload work to achieve consistent contracting opportunities with Preferred Northern Contractors (PNCs), as defined in our Collaboration Agreements.
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We revised our PNC framework, developed tailored PNC development plans, and signed two baseload contracts with PNCs.
 

Maintain our total 2024 dollar spend with a specified group of PNC service providers.
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We spent $86.7 million on services from a specified group of PNC service providers, exceeding the 2024 spend of $71 million.

Inclusion and diversity

 Each year, strive for a complement of senior management (officers and VPs) that reflects or surpasses the proportion of women in our workforce.
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41% of senior management were women, while 25% of our
workforce were women.
  Finalize and implement a pay equity plan.
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Our pay equity plan was finalized and implemented in 2025.

3. For STIP purposes, there is an overriding modifier: no payout on the safety measure if there is any fatality or permanent disability.

4. Effective as of the issuance date of the 2026 Management Proxy Circular. Subsequent incident reclassification increased TRIR to 1.81, which remains in the target range. A TRIR range of 1.4–2.1 considers this target “met.”


 Governance

  2025 TargetsStatusProgress

Board diversity

 At least 30% of board members are women (maintain annually).
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At the end of 2025, women held 50% of director positions on our board.
  At least one director with Indigenous heritage (maintain annually).
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At the end of 2025, we had one Indigenous director on our board. Cameco has had Indigenous directors on our board since 1992.

Conduct and ethics

 100% of new employees and employees in certain functional areas to complete Code of Conduct and Ethics online training in 2025.
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100% of new employees and all employees in required functional groups completed online Code of Conduct and Ethics training.

Cybersecurity

 100% of all employees complete the information security course (annually).
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100% of all employees completed the information security course.
  Complete at least one internal audit on cybersecurity-related topics (annually).
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We completed two internal audits on cybersecurity-related topics.

Learn about our 2025 Targets