Cameco Corporation, a leading player in the global nuclear industry, is headquartered in Saskatoon, Saskatchewan, Canada. Founded in 1988, Cameco has established itself as one of the largest uranium producers in the world, with significant operations in Canada, the United States, and Kazakhstan. The company focuses on uranium mining, refining, and conversion, providing essential fuel for nuclear power generation.
Cameco's core products include high-quality uranium concentrates and conversion services, which are distinguished by their commitment to safety and sustainability. With a strong market position, Cameco has achieved notable milestones, including strategic partnerships and advancements in mining technology. As a key supplier to the nuclear energy sector, Cameco plays a vital role in supporting clean energy initiatives globally.
+6 vs industry average
Cameco’s score of 21 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Electricity from Other Sources is among the most carbon-intensive industries
Industry performance
The Electricity from Other Sources industry has reduced its overall emissions by 38% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Cameco's reported carbon emissions
In 2024, Cameco reported total carbon emissions of approximately 600 million kg CO2e, comprising 131,381,000 kg CO2e from Scope 1, 178,306,000 kg CO2e from Scope 2, and 620,000,000 kg CO2e from Scope 3 emissions. This represents a significant increase in total emissions compared to 2023, where total emissions were approximately 515 million kg CO2e, with Scope 1 emissions at 128,673,000 kg CO2e, Scope 2 at 181,397,000 kg CO2e, and Scope 3 at 480,000,000 kg CO2e. Cameco has not set specific reduction targets or initiatives as indicated by the absence of documented reduction targets or SBTi commitments. The company is committed to transparency in its emissions reporting, as evidenced by its detailed disclosures in sustainability reports. However, it has not cascaded any emissions data from a parent organization, indicating that all reported figures are directly from Cameco Corporation. Overall, while Cameco's emissions have fluctuated, the lack of defined reduction strategies highlights an area for potential improvement in their climate commitments.
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Cameco’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Cameco yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Cameco
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