Energy Efficiency, GHG Emissions, Industrial  -  July 10, 2023

Cameco Sets New 2030 Target

Cameco, a global provider of uranium fuel, set a target to lower its Scope 1 and 2 GHG emissions by 30% by 2030 from a 2015 base year.

In 2022, Cameco’s board members and executives participated in climate-focused education sessions presented by a third-party expert.

Details were provided in its 2022 Environmental, Social, Governance (ESG) Report.

Cameco incorporated relevant Sustainability Accounting Standards Board (SASB) ESG performance indicators and continued its progress toward integrating the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD). 

“This is Cameco’s 18th annual report on our sustainability performance, capturing a year that was transformative for our company,” said Cameco President and CEO Tim Gitzel in a statement. “We believe that our sustained focus on the ESG principles highlighted in this report contributed to our success as a company. We continued to focus on the safety of our people, collaboration with partner communities, protection of the environment, development and diversification of our workforce, and advancing innovation.”

For the second year, a report on a third-party limited assurance on a number of performance indicators is included. In addition to SASB and TCFD, the report contains other key ESG performance indicators that we believe have an important bearing on Cameco’s long-term sustainability, some of which are unique to our company and some of which are based on the GRI Standards framework that we used as the basis of our sustainability reporting prior to 2020.

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