Cameco Sustainability Profile
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 36 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Cameco's reported carbon emissions
In 2024, Cameco reported total carbon emissions of approximately 600,000,000 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 notable increase in emissions compared to 2023, where total emissions were about 480,000,000 kg CO2e, with Scope 1 at 128,673,000 kg CO2e and Scope 2 at 181,397,000 kg CO2e. Over the past few years, Cameco's emissions have fluctuated, with total emissions recorded at approximately 515,000,000 kg CO2e in 2022 and 274,581,000 kg CO2e in 2021. The company has not set specific reduction targets under the Science Based Targets initiative (SBTi) or other formal climate pledges, indicating a lack of publicly disclosed commitments to reduce emissions. Cameco's emissions data is not cascaded from any parent organization, and all figures are reported directly from Cameco Corporation. The company continues to monitor its carbon footprint as part of its sustainability efforts, although specific reduction initiatives or targets have not been outlined in the available data.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 198,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 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 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - | 000,000,000 | 000,000,000 |
How Carbon Intensive is Cameco's Industry?
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Cameco's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Cameco has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
