Home > Company Performance > Cameco Corporation
Cameco Corporation is one of the world’s largest providers of uranium fuel. We are a pure-play nuclear fuel investment with a proven track record and the strengths to take advantage of the world’s rising demand for safe, reliable, affordable and carbon-free energy. 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.
SAFE, HEALTHY, REWARDING WORKPLACE
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.
In 2020, the world experienced unprecedented and challenging times due to the impact of the Coronavirus (COVID-19) pandemic. Consistent with our values, the health and safety of our workers, their families and their communities were our priority in 2020. Following the precautions and restrictions enacted by all levels of government where we operate and considering the unique circumstances at each of our operating sites, we proactively implemented a number of measures and made a number of decisions to ensure a safe working environment for all our workers and to help slow down the spread of the virus.
2020 Highlights:
CLEAN ENVIRONMENT
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.
2020 Highlights:
SUPPORTIVE COMMUNITIES
Gaining the trust and support of our communities, our Indigenous partners, and governments is necessary to sustain our business. We earn support and trust through excellent safety and environmental performance, by proactively engaging our stakeholders in an open and transparent way, and by making a difference in communities wherever we operate. We are a leading industrial employer of Indigenous peoples in Canada, and a six-time Gold award winner through the Progressive Aboriginal Relations program as judged by the Canadian Council for Aboriginal Business. Since 2004, we have procured nearly $3.92 billion in services from local suppliers in northern Saskatchewan. These efforts are critical to obtaining and maintaining the necessary regulatory approvals.
2020 Highlights:
TSM PERFORMANCE
Due to difficult uranium market conditions, Cameco has undergone a number of changes to its operations and support functions in recent years, including the suspension of production at McArthur River and Key Lake in early 2018, the suspension of production at Rabbit Lake and curtailment of US production in 2016 and its COVID-19 response and twice spending production at the operation in 2020. Nonetheless, Cameco remains committed to effective management systems, which is reflected in its strong TSM scores.
Aboriginal and Community Outreach
Cameco’s commitment to meaningful community engagement is reflected in the TSM results for its facilities. Cigar Lake, Key Lake and McArthur River achieved Level AAA performance for all indicators of the Aboriginal and Community Outreach Protocol.
Crisis Management and Communications Planning
Cameco’s corporate office and participating facilities met all of the criteria of the Crisis Management and Communications Planning Protocol.
Safety and Health
Cameco continued to demonstrate high levels of performance in the area of safety and health. Cigar Lake, Key Lake and McArthur River achieved at least Level AA performance for all of the TSM Safety and Health Protocol’s five indicators.
Tailings Management
Cameco has maintained Level A performance in tailings management for its Key Lake operation. 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.
Water Stewardship
Cameco takes water stewardship very seriously, which is reflected in our TSM scores of level A and higher at Key Lake, McArthur River, and Cigar Lake throughout all water stewardship indicators.
Biodiversity Conservation Management
Cigar Lake, 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.
Energy Use and GHG Emissions Management
The area of energy use and GHG emissions management represents an opportunity for improvement for Cameco’s facilities. The company is working to enhance its energy management and expects performance for this protocol to improve in the coming years.
ACHIEVEMENTS
Cameco is a six-time Gold award winner through the Progressive Aboriginal Relations program, as judged by the Canadian Council for Aboriginal Business. It is a leading employer of Indigenous peoples in Canada and has procured nearly $3.8 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.
MAC has awarded Cameco one if its prestigious TSM Excellence Awards in 2020, in recognition of our innovative sustainability projects focused on community engagement and environmental stewardship. Cameco won for its Community Based Environmental Monitoring Program (CBEMP). CBEMP is a component of the collaboration agreement signed between Cameco, Orano, four municipalities and three First Nations in northern Saskatchewan. It builds off 18 years of regional data collection through the former Athabasca Working Group Environmental Monitoring Program.
For more information, please visit www.cameco.com
Facility | Crisis management and communications preparedness | Review | Training |
---|---|---|---|
Cameco Corporation – Corporate | ✔ | ✔ | ✔ |
Cigar Lake Operation | ✔ | ✔ | ✔ |
Key Lake Operation | ✔ | ✔ | ✔ |
McArthur River Operation | ✔ | ✔ | ✔ |
Facility | PREVENTING FORCED LABOUR | PREVENTING CHILD LABOUR |
---|---|---|
Cameco Corporation – Corporate | ✔ | ✔ |
Cigar Lake Operation | ✔ | ✔ |
Key Lake Operation | ✔ | ✔ |
McArthur River Operation | ✔ | ✔ |
Community of Interest (COI) identification | Effective COI engagement and dialogue | COI response mechanism | Reporting | |
---|---|---|---|---|
Cigar Lake Operation | ||||
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 | |
---|---|---|---|---|---|
Cigar Lake Operation | |||||
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 | |
---|---|---|---|
Cigar Lake Operation | |||
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 | |
---|---|---|---|
Cigar Lake Operation | |||
Key Lake Operation | |||
McArthur River Operation |
AAA
AA
A
B
C
Water governance | Operational water management | Watershed-scale planning | Water reporting and performance | |
---|---|---|---|---|
Cigar Lake Operation | ||||
Key Lake Operation | ||||
McArthur River Operation |
AAA
AA
A
B
C
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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