Cameco
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.
DitchCarbon Score
How does Cameco's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electricity from Other Sources industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Cameco's score of 20 is higher than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Cameco's reported carbon emissions
In 2023, Cameco reported total carbon emissions of approximately 310,070,000 kg CO2e, comprising about 128,673,000 kg CO2e from Scope 1 and about 181,397,000 kg CO2e from Scope 2 emissions. This marks a significant commitment to transparency in their climate impact, although no specific reduction targets or initiatives have been disclosed. Over the years, Cameco has shown a trend of fluctuating emissions. For instance, in 2022, their emissions totalled approximately 291,651,000 kg CO2e, with Scope 1 emissions at about 122,019,000 kg CO2e and Scope 2 at around 169,632,000 kg CO2e. In 2021, emissions were approximately 274,581,000 kg CO2e, indicating a gradual increase in emissions over the years. Cameco's emissions data reflects their operational footprint, but they have not set specific reduction targets or joined any formal climate pledges, which is notable in the context of increasing industry-wide commitments to sustainability. The absence of Scope 3 emissions data suggests a potential area for future reporting and improvement. Overall, while Cameco has made strides in reporting their emissions, the lack of defined reduction initiatives highlights an opportunity for the company to enhance its climate commitments in alignment with global sustainability goals.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 198,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000 | 0,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 350,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Cameco is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
