How We're Doing

GRI Results

You can review our GRI metrics and results in detail in our GRI index.

Safe, healthy and rewarding workplace

Employee relations and recruitment

  • LA1 Hiring and turnover
  • MM4 Strikes and lockouts
  • LA11 Performance and career development reviews
  • LA12 Workforce diversity

2015 Highlights

  • Decreasing turnover rate
  • Top 100 Employer (seven years in a row)
  • Best Diversity Employer
  • Top Employer for Young People
  • 75% of employees receive three formal performance reviews per year

Health and safety

  • LA5 Health and safety committees
  • LA6 Injury frequency, missed work
  • CA2 Average radiation dose to workers

2015 Highlights

  • Continued low lost-time injury (LTI) frequency
  • 100% of workers covered by occupational health and safety committees
  • Continued low average dose of radiation to workers
  • McArthur River wins John T. Ryan Safety Trophy

Public safety

  • PR4 Labelling non-compliance
  • PR9 Sanctions (product non-compliance)

2015 Highlights

  • No incidents involving dangerous goods labelling

LTI Rate

2013 2014 2015
LTI Rate 0.19 0.17 0.21
Created with Highstock 2.0.420132014201500.050.10.150.20.25

Average Radiation Dose
(millisieverts)

2013 2014 2015
Average Radiation Dose 0.72 0.85 0.82
Created with Highstock 2.0.42013201420150102030

Turnover Rates (%)

2013 2014 2015
1 13.87 8.67 6.58
Created with Highstock 2.0.4201320142015051015

Clean environment

Energy and climate change

  • EN3 Energy consumption
  • EN15 Direct GHG emissions
  • EN16 Indirect GHG emissions

2015 Highlights

  • Decrease in energy consumption
  • Declining GHG emissions

Water

  • EN8 Water withdrawal
  • EN22 Water discharge and quality

2015 Highlights

  • Continued decrease in water withdrawal
  • Decreases in molybdenum, selenium, lead and zinc in surface water discharge
  • Significant decrease in uranium discharge to land application via irrigation

Air emissions

  • EN21 Air emissions

2015 Highlights

  • Significant decrease in SO2 and NO2 emissions

Waste

2015 Highlights

  • Decrease in the overall tailings and process wastes generated

Incidents and fines

  • EN24 Significant incidents
  • EN29 Significant environmental fines

2015 Highlights

  • No significant environmental incidents
  • No significant environmental fines

Biodiversity, land & resource management

  • MM1 Operational footprint

2015 Highlights

  • Added 240 hectares to operational footprint

Reclamation and closure

  • MM10 – Operations with preliminary decommissioning plans

2015 Highlights

  • All operations have preliminary decommissioning plans

Water Withdrawal
(million cubic metres)

2013 2014 2015
Water Withdrawal 20575308 18936525 18320292
Created with Highstock 2.0.42013201420150102030

Total Non-Mine Waste Generated
(thousand tonnes)

2013 2014 2015
Total Waste Generated 18963 17610 19258
Created with Highstock 2.0.42013201420150510152025

Total GHG Emission
(thousand tonnes CO2e)

2013 2014 2015
GHG Emission 519263 549271 521834
Created with Highstock 2.0.42013201420150250500750

Supportive communities

Local economic impact

  • EC6 Local hiring
  • EC8 Indirect economic impact
  • EC9 Local spending

2015 Highlights

  • $380 million in local procurement, including $299 million from locally owned northern Saskatchewan companies
  • 811 local employees from northern Saskatchewan

Community development

  • EC7 Infrastructure and service investments

2015 Highlights

  • $3.8 million in local community investments

Stakeholder engagement

  • SO1 Community engagement

2015 Highlights

  • Community engagement activities at 100% of our operations

Indigenous relations

  • MM5 Proximity to indigenous territories
  • MM6 Disputes related to land use and customary rights
  • MM7 Grievance mechanisms
  • HR8 Disputes related to indigenous rights

2015 Highlights

  • No significant disputes related to land use, customary rights or indigenous rights
  • Five operations on indigenous territory, with four of those having formal agreements with those communities

Public opinion

  • CA1 Polling (public support)

2015 Highlights

  • Strong support wherever we operate

Total Local Procurement Spend
(millions $)

2013 2014 2015
Total Local Procurement Dollars 556000000 (69%) 397000000 (69%) 381000000 (70%)
Created with Highstock 2.0.42013201420150250500750

Northern Saskatchewan Local
Employees

2013 2014 2015
Local Employees 747 794 811
Created with Highstock 2.0.420132014201502505007501000

2015 Public Polling (%)

Saskatchewan N. Saskatchewan Ontario Nebraska Wyoming
Public Polling Numbers 86% 81% 88% 62% 91%
Created with Highstock 2.0.4SaskatchewanN. SaskatchewanOntarioNebraskaWyoming05101520253035404550556065707580859095100

Outstanding financial performance and governance

Financial profitability and long-term viability

  • EC1 Direct economic value

2015 Highlights

  • Increased revenue and operating costs

Ethics and anti-corruption

  • SO7 Legal action (anti-competitive behaviour)
  • SO8 Competition law compliance

2015 Highlights

  • No legal actions for anti-competitive behaviour
  • No significant fines for non-compliance with laws and regulations

Transparency, disclosure & communication

2015 Highlights

  • Named one of the Top 50 socially responsible corporations by Maclean’s
  • Named one of the world’s most sustainable companies by Corporate Knights
  • Canadian Professional Accountants Award for Corporate Governance Disclosure

Corporate governance

2015 Highlights

  • Canadian Society of Corporate Secretaries Excellence in Governance Award for Best Sustainability, Ethics and Environmental Governance Program

Revenue (billions $Cdn)

2013 2014 2015
Revenue 2400000000 2400000000 2800000000
Created with Highstock 2.0.42013201420150123

Operating Costs (millions $Cdn)

2013 2014 2015
Operating Costs 1600000000 1500000000 1800000000
Created with Highstock 2.0.420132014201505001,0001,5002,000

Employee Wages and Benefits (millions $Cdn)

2013 2014 2015
Employee Wages and Benefits 462000000 464000000 508000000
Created with Highstock 2.0.42013201420150200400600

Corporate Targets

Our corporate objectives are designed to help us achieve our strategy, which you can read about in the Approach section of this report.

Outstanding Financial Performance

2015 Objectives Results
Earnings measures
  • Achieve targeted adjusted net earnings and cash flow from operations.
 Partially achieved
  • adjusted net earnings were lower than the target
  • cash flow from operations was higher than the target
Capital management measures
  • Execute capital projects within the approved scope, cost and schedule.
 Achieved
  • cost performance was below the target level (under budget)
  • project milestones were achieved on or ahead of schedule
Cigar Lake
  • Achieve production target at Cigar Lake.
 Exceeded
  • production from Cigar Lake in 2015 was higher than the target

Safe, Healthy and Rewarding Workplace

2015 Objectives Results
Workplace safety
  • Strive for no injuries at all Cameco-operated sites. Maintain a long-term downward trend in combined employee and contractor injury frequency and severity, and radiation doses.
 Partially achieved
  • did not meet our targeted safety measures
  • injury rates trended downward across the company, but fell short of targets for the year
  • average radiation doses remained low and stable
Rewarding workplace
  • Attract and retain the employees needed to support operations.
 Substantially achieved
  • overall voluntary turnover rate was better than target (lower turnover)
  • turnover rate for new hires during the first year of employment was higher than the target (higher turnover)

Clean Environment

2015 Objectives Results
Improve environmental performance
  • Achieve a decreasing trend for environmental incidents.
 Achieved
  • there were no significant environmental incidents in 2015
  • reportable environmental incidents were within the range of targeted performance

Supportive Communities

2015 Objectives Results
Build and sustain stakeholder support
  • Meet our business development obligations under our Collaboration Agreements.
 Exceeded
  • sourcing of northern services from northern Saskatchewan vendors was above the target
  • sourcing of capital projects construction services from northern Saskatchewan vendors was above the target

2016 Objectives

Outstanding Financial Performance

  • Achieve targeted adjusted net earnings and cash flow from operations.
  • Achieve capital project management targets and continue to ramp up production at Cigar Lake.

Safe, Healthy and Rewarding Workplace

  • Improve workplace safety performance at all sites.
  • Attract and retain the employees needed to support operations.

Clean Environment

  • Improve environmental performance at all sites.

Supportive Communities

  • Build and sustain strong stakeholder support for our activities.