Home > Company Performance > Cameco Corporation
Cameco Corporation is one of the world’s largest uranium producers. Nuclear energy plants around the world use its uranium products to generate one of the cleanest sources of electricity available today. Cameco is committed to delivering its products safely and responsibly. Sustainable development principles and practices are integrated at each level of Cameco’s organization, from overall corporate strategy to individual employee practice in day-to-day operations.
Cameco’s corporate objectives are set out under four measures of success: a safe, healthy and rewarding workplace, a clean environment, supportive communities, and outstanding financial performance.
Cameco is committed to living a strong safety culture, while looking to continually improve. As a result of this commitment, the company has a long history of strong safety performance at its operations and across the organization.
Cameco is committed to being a leading environmental performer. This is done by keeping risks as low as reasonably achievable and looking for opportunities to move beyond regulatory requirements. Progress is tracked by monitoring the air, water and land near the company’s operations, and by measuring the amount of energy used and the amount of waste generated. This information helps Cameco identify opportunities to improve.
Gaining the trust and support of communities, Indigenous people, and governments is necessary to sustainable mining. Cameco earns support and trust through excellent safety and environmental performance, by proactively engaging with stakeholders in an open and transparent way, and by making a difference in communities wherever the company operates.
Due to difficult uranium market conditions, Cameco has undergone a number of changes to its operations and support functions in recent years, including the temporary suspension of production at McArthur River and Key Lake in early 2018, and the suspension of production at Rabbit Lake and curtailment of US production in 2016. Nonetheless, Cameco remains committed to effective management systems, which is reflected in its strong TSM scores.
Cameco’s commitment to meaningful community engagement is reflected in the TSM results for its facilities. Key Lake and McArthur River achieved Level AAA performance for all indicators of the Aboriginal and Community Outreach Protocol.
Cameco’s corporate office and participating facilities met all of the criteria of the Crisis Management and Communications Planning Protocol.
Cameco continued to demonstrate high levels of performance in the area of safety and health. Key Lake and McArthur River achieved at least Level AA performance for all of the TSM Safety and Health Protocol’s five indicators.
Cameco has maintained Level A performance in tailings management for both its Key Lake and Rabbit Lake operations. The company has been engaged in MAC’s review of the TSM Tailings Management Protocol and is working to implement the new criteria at its facilities.
Key Lake and McArthur River maintained strong performance in biodiversity conservation management as well, with at least Level AA performance for all three of the Protocol’s indicators.
The area of energy use and GHG emissions management represents an opportunity for improvement for Cameco’s facilities. The company is working to improve its energy management and expects performance for this Protocol to improve in the coming years.
Cameco is a five-time Gold award winner through the Progressive Aboriginal Relations program, as judged by the Canadian Council for Aboriginal Business. It was named one of Canada’s Top 100 Employers, Saskatchewan’s Top Employers, Canada’s Best Diversity Employers and Canada’s Top Employers for Young People for 2017. It is a leading employer of Indigenous peoples in Canada, and has procured nearly $3.6 billion in services from local suppliers in northern Saskatchewan since 2004. For more information on Cameco’s social and environmental performance, please review its Sustainable Development report at www.cameco.com/about/sustainability.
For more information, please visit www.cameco.com
Facility | Crisis management and communications preparedness | Review | Training |
---|---|---|---|
Cameco Corporation – Corporate | ✔ | ✔ | ✔ |
Key Lake Operation | ✔ | ✔ | ✔ |
McArthur River Operation | ✔ | ✔ | ✔ |
Facility | PREVENTING FORCED LABOUR | PREVENTING CHILD LABOUR |
---|---|---|
Cameco Corporation – Corporate | ✔ | ✔ |
Key Lake Operation | ✔ | ✔ |
McArthur River Operation | ✔ | ✔ |
Community of Interest (COI) identification | Effective COI engagement and dialogue | COI response mechanism | Reporting | |
---|---|---|---|---|
Key Lake Operation | ||||
McArthur River Operation |
AAA
AA
A
B
C
Commitments and accountability | Planning and implementation | Training, behaviour and culture | Monitoring and reporting | Performance | |
---|---|---|---|---|---|
Key Lake Operation | |||||
McArthur River Operation |
AAA
AA
A
B
C
Tailings management policy and commitment | Tailings management system | Assigned accountability and responsibility | Annual tailings management review | Operation, maintenance and surveillance (OMS) manual | |
---|---|---|---|---|---|
Key Lake Operation |
AAA
AA
A
B
C
Commitment, accountability and communications | Conservation planning and implementation | Reporting | |
---|---|---|---|
Key Lake Operation | |||
McArthur River Operation |
AAA
AA
A
B
C
Energy use and greenhouse gas emissions management | Energy use and greenhouse gas emissions reporting systems | Energy and greenhouse gas emissions performance targets | |
---|---|---|---|
Key Lake Operation | |||
McArthur River Operation |
AAA
AA
A
B
C
Facility | Total Direct Emissions (Tonnes CO2e) | Total Indirect Emissions (Tonnes CO2e) | Total Emissions | Total Energy Use (GJ) |
---|---|---|---|---|
Key Lake Operation | 33956 | 38050 | 72006 | 717699 |
McArthur River Operation | 28348 | 72949 | 101297 | 860463 |
Cameco Corporation | 2017 | TSM Letter of Assurance
Cameco Corporation | 2014 | TSM Letter of Assurance
TSM Results 2017 (Externally Verified)
TSM Results 2014 (Externally Verified)
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