Cameco Releases 2021 ESG Report
08 Julho 2022 - 10:30AM
Business Wire
Cameco (TSX: CCO; NYSE: CCJ) released its 2021
Environmental, Social, Governance (ESG) Report today. The report
illustrates Cameco’s integration of ESG principles and practices in
its overall strategy and day-to-day operations, including 2021
performance metrics and feature stories highlighting the company’s
ESG commitments and targets.
In this report, Cameco has incorporated the relevant ESG
performance indicators issued by the Sustainability Accounting
Standards Board (SASB) and continued its progress toward
integrating the recommendations of the Task Force on
Climate-Related Financial Disclosures (TCFD). The report can be
downloaded or read online at www.cameco.com/esg.
“This is Cameco’s 17th annual report on our sustainability
performance, recapping a year in which the volatility of the
COVID-19 pandemic continued to frustrate society and strain the
economy,” said Cameco president and CEO Tim Gitzel. “Despite the
challenges 2021 presented, Cameco once again proved our resilience.
We kept our focus on ensuring the safety of our workers,
collaborating with our partner communities, advancing innovation,
developing our people, and contributing to global decarbonization
efforts. We’re proud of our ESG performance for the year, which
demonstrated our commitment to continuous improvement and added
value for our shareholders.”
The 2021 ESG Report includes several notable highlights for
Cameco:
- Through the dedication and diligence of our workforce, we
recorded the best safety performance in our company’s history in
2021 (as measured by the Total Recordable Injury Rate), achieving a
record performance for the fifth year in a row.
- Cameco remained one of Canada’s largest employers of Indigenous
people and a leading supporter of Indigenous business, purchasing
82% of the services used at our operations in northern Saskatchewan
from local companies and suppliers.
- We established an inclusion and diversity committee with
representation from each of Cameco’s Canadian workplace locations
to bolster our efforts in these areas. All new employees with our
company received respectful workplace and unconscious bias training
in 2021.
- About 200 individuals enrolled in 15 training courses that we
offered free of charge to Residents of Saskatchewan’s North to
enhance employability and build capacity in areas such as digital
readiness, knowledge of the mining industry and understanding of
Cameco’s operations.
- We implemented a northern Saskatchewan Indigenous
apprenticeship program for instrumentation technologists in 2021.
Five individuals from this program are now working with Cameco,
three of them (60%) being women.
- Cameco ranked in the top 10% (18th out of 222 companies) in the
Globe and Mail’s Board Games 2021 evaluation of TSX-listed
corporations, based on a wide-ranging set of governance
criteria.
- Cameco established a multi-departmental climate transition
working group in 2021 to intensify our analysis of opportunities
and risks, focused on the identification of initiatives aimed at
achieving incremental and transformative energy and GHG reduction,
evaluating climate-related physical risks to our northern
Saskatchewan operations, and conducting a TCFD gap analysis.
- More than 90% of Cameco employees participated in virtual,
interactive culture workshops in 2021, discussing topics such as
safety, diversity, corporate citizenship and building our company’s
future.
“Cameco’s stakeholders expect us to be good corporate citizens
and to manage the company for long-term sustainability,” Gitzel
said. “Our ESG reports enable our partner communities, workers,
investors, customers, governments and others to see Cameco’s
objectives in action and gauge our performance for themselves.”
Cameco’s board of directors and executive team oversee the
company’s ESG strategy, execution and reporting. With the inclusion
of a third-party limited assurance on a number of performance
indicators, today’s release continues the evolution in Cameco’s ESG
reporting. 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.
Profile
Cameco is one of the largest global providers of the uranium
fuel needed to energize a clean-air world. Our competitive position
is based on our controlling ownership of the world’s largest
high-grade reserves and low-cost operations. Utilities around the
world rely on our nuclear fuel products to generate power in safe,
reliable, carbon-free nuclear reactors. Our shares trade on the
Toronto and New York stock exchanges. Our head office is in
Saskatoon, Saskatchewan.
Caution Regarding Forward-Looking Information and
Statements
This news release includes statements considered to be
forward-looking information or forward-looking statements under
Canadian and U.S. securities laws (which we refer to as
forward-looking information), including: our views on the
transition to a low-carbon economy, the demand for clean
electricity, and the role of nuclear energy; our expectations
regarding Cameco’s role in combatting climate change; our target of
reducing Cameco’s GHG footprint and ambition of reaching net-zero
emissions; our key ESG goals; and our expectation that we will
continue to progress in addressing TCFD recommendations. This
forward-looking information is based on a number of assumptions,
including assumptions regarding: carbon emission reduction, the
demand for clean energy and the contribution that could be made by
nuclear energy to reduce climate change; our assumption that our
GHG footprint reduction targets can be achieved; and our ability to
advance our ESG goals and address TCFD recommendations. This
information is subject to a number of risks, including: the risk
that carbon reduction goals may not be achieved within the expected
timeframe, if at all; the risk that the demand for clean
electricity will not meet the level we expect, or that nuclear
energy will not make the contribution to carbon reduction that we
expect; the risk that we may not be successful in achieving our GHG
footprint reduction and carbon emission goals; the risk that our
estimates and forecasts and the data underlying them may be
inaccurate; and the risk that we will face unexpected challenges or
delays in advancing our ESG goals or addressing TCFD
recommendations. Additional assumptions and risks are detailed in
the Caution About Forward-Looking Information in our ESG Report.
The forward-looking information in this news release represents our
current views, and actual results may differ significantly.
Forward-looking information is designed to help you understand our
current views, and may not be appropriate for other purposes. We
will not necessarily update this information unless we are required
to by securities laws.
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version on businesswire.com: https://www.businesswire.com/news/home/20220707005727/en/
Investor inquiries: Rachelle Girard 306-956-6403
rachelle_girard@cameco.com
Media inquiries: Jeff Hryhoriw 306-385-5221
jeff_hryhoriw@cameco.com
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