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 22 is lower 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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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 reflects a continued commitment to monitoring and managing their carbon footprint, although specific reduction targets or initiatives have not been disclosed. Over the years, Cameco has shown a trend of decreasing emissions. For instance, in 2021, their total emissions were about 274,581,000 kg CO2e, down from approximately 291,651,000 kg CO2e in 2022. This indicates a proactive approach to reducing their environmental impact, although no formal reduction targets have been established under frameworks such as the Science Based Targets initiative (SBTi). Cameco's emissions data highlights their focus on transparency and accountability in their climate commitments, despite the absence of specific reduction initiatives or pledges. The company continues to operate within the global context of increasing scrutiny on carbon emissions, particularly in the energy sector, where the transition to low-carbon technologies is critical.
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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 participating in any of the initiatives that 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.
