Climate Change Data

Environmental Metrics

ESG Focus Areas

• Health and safety, safeguards and security
• Environmental impact
• Supplier of choice
• Employer of choice
• Community engagement
• Asset integrity

Environmental Achievements

• Reduced direct energy usage by 4%
• Implemented more efficient cooling systems in Germany with the potential to save up to 1.5 GWh per year
• Improved efficiency of TC21 centrifuges resulting in energy savings of approximately 1.3 GWh per year
• Installed LED lighting and motion detectors across all enrichment facilities to save energy

Social Achievements

• Launched ZERO HARM campaign to enhance safety training for employees and contractors
• Conducted Global Customer Survey showing 95% of customers considered supplier's approach to corporate responsibility 'important'
• Richie science workshops highly commended by PRCA and partnered with British Science Association
• Recruited 12 apprentices across the Group
• 100% of employees participated in annual performance appraisals

Governance Achievements

• Established a Board-level Sustainability Committee in 2013
• Achieved Core accreditation from the Global Reporting Initiative (GRI) G4 guidelines
• Successfully issued bond issuances for €750 million and €500 million

Climate Goals & Targets

Environmental Challenges

• Significant increase in Lost Time Incidents (LTIs) to 11 in 2014 compared to 1 in 2013
• Uncertainty surrounding the timing of reactor restarts in Japan creating an oversupply of enriched uranium and pricing pressures
• Slowdown and nuclear phase-out in some countries
• Public and governmental opinion differing on nuclear energy's role in the future energy mix
• Changing market conditions and cyclical demand
• Risks associated with third-party transportation of uranic materials
• Increasing threat of cybercrime to the energy sector
• Potential for asset failure due to poor maintenance

Mitigation Strategies

• Reinforce behavioral safety and targets with employees and contractors in 2015
• Reassess operations and improve efficiencies
• Offer increased amounts of natural uranium (feed)
• Actively engage with policymakers
• Cultivate close working relationships with customers
• Global diversification and flexible plant structure
• Hedge a portion of US dollar revenues and sterling capital expenditure
• Only contract with approved transportation companies and perform regular audits
• Invest in measures to address site security and cyber security
• Commissioned an in-depth review of asset integrity and implement robust procedures and controls

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Work only with specialist audited transport suppliers; assess environmental credentials of potential partners and suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI G4 Core

Certifications: ISO 14001 (all facilities), ISO 9001 (all facilities), EMAS (Germany)

Third-party Assurance: DNV GL Business Assurance Services UK Limited

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Highly commended at PRCA Awards for Richie CSR programme; successful audit of berufundfamilie (job and family life) in Germany

Environmental Metrics

ESG Focus Areas

• Health and safety, safeguards and security
• Supplier of choice
• Environmental impact
• Asset integrity
• Employee engagement
• Community engagement

Environmental Achievements

• Reduced carbon emissions by 9% compared to 2019 (scope 1 and 2)
• Reduced water consumption by 10% compared to 2019
• Enriched enough uranium to generate an estimated 780,000 GWh of electricity from nuclear power, avoiding approximately 320 million tonnes of carbon emissions

Social Achievements

• Hosted first diversity and inclusion conference
• Global education programme reached more than 75,000 schoolchildren
• Improved safety performance, with Total Reportable Injury Rate decreasing by 28%

Governance Achievements

• Conducted an enhanced materiality assessment to inform our refreshed sustainability strategy
• Met 100% of customer deliveries
• No interruption to operations, logistics or supply chain due to the pandemic

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting operations and social initiatives
• Need to further improve gender balance in senior roles

Mitigation Strategies

• Implemented COVID-19 safety measures, maintained operations
• Continued focus on increasing gender balance, aiming for 20% by 2025

Supply Chain Management

Supplier Audits: 26% of planned audits completed in 2020

Responsible Procurement

• Due diligence process
• Code of Conduct for suppliers
• Supplier audits

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards: Core Option, Greenhouse Gas Protocol

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018

Third-party Assurance: Corporate Citizenship

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Stable isotopes for medical, industrial, and research applications

Awards & Recognition

• Urenco Nuclear Stewardship won a new waste management contract

Environmental Metrics

ESG Focus Areas

• Environmental impact
• Social impact
• Governance and ethics

Environmental Achievements

• Reduced scope 1 (direct) carbon emissions by 16% compared with 2020
• Reduced scope 2 (indirect) carbon emissions by 9% compared with 2020
• Reduced water withdrawal by 12% from 2020

Social Achievements

• Global ‘Richie’ education programme reached an estimated 57,000 schoolchildren
• Approved 9 new social investment partnerships
• Hosted second conference for inclusion and diversity champions

Governance Achievements

• Refreshed Sustainability Strategy focusing on Environmental impact, Social impact, and Governance and ethics (ESG)
• Signed The Climate Pledge, committing to net zero emissions by 2040
• Achieved a B- score in the Carbon Disclosure Project (CDP) submission

Climate Goals & Targets

Environmental Challenges

• Increase in scope 3 emissions due to inclusion of a new sub-category ('well to tank emissions')
• COVID-19 pandemic impacting operations and employee wellbeing
• Need to reduce scope 3 emissions significantly to meet net-zero targets

Mitigation Strategies

• Implementing a range of energy efficiency measures across sites
• Developing plans to switch to renewable energy tariffs
• Improving data quality from suppliers to better understand and reduce scope 3 emissions
• Implementing a new cooling tower technology to reduce wastewater
• Investigating options to reduce water abstraction from aquifers in water-stressed environments

Supply Chain Management

Responsible Procurement

• Due diligence process for new contracts
• Supplier Code of Conduct
• Supplier audits and Request for Action process
• Global reporting system (ReAct) for raising concerns

Climate-Related Risks & Opportunities

Transition Risks

• Changes in government policies and priorities

Opportunities

• Development of energy-efficient products and services
• Hydrogen production

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, EMAS

Third-party Assurance: Corporate Citizenship

UN Sustainable Development Goals

• 3
• 4
• 5
• 7
• 8
• 9
• 11
• 12
• 13
• 16
• 17

Detailed explanation of contributions to SDGs provided in the report (pages 8-9).

Sustainable Products & Innovation

• LEU+ low enriched uranium
• Advanced fuels for civil nuclear power generation
• Hydrofluoric acid with reduced carbon intensity

Environmental Metrics

ESG Focus Areas

• Nuclear Safety
• Nuclear Security
• Nuclear Waste
• Sustainable Future
• Value chain responsibility
• Safety, Health and Well-being
• Ethical and transparent business
• Diversity and Inclusion
• Fair workplace practices

Environmental Achievements

• Reduced market based scope 2 emissions by 27.9% compared to 2019 baseline
• Reduced GHG emissions intensity per tonne of separative work unit (tSW) by 22.8% from 2019 baseline (10.57 tCO2e/tSW to 8.16 tCO2e/tSW)
• Committed to having near-term net zero targets validated by the SBTi

Social Achievements

• Maintained a strong safety record, although TRIR increased from 0.274 in 2021 to 0.445 in 2022 (11 total recordable injuries compared to 6 in 2021)
• Increased percentage of employees covered by collective bargaining agreements from 47% in 2021 to 73% in 2022
• Implemented a Social Impact Programme

Governance Achievements

• Updated Urenco Group Speak-Out procedure following a gap analysis by an external company
• Established a Speak-Out Management Function to support effective whistleblowing procedures
• CEO signed a Science Based Target initiative (SBTi) commitment letter for net-zero emissions

Climate Goals & Targets

Environmental Challenges

• Increased Total Recordable Injury Rate (TRIR) in 2022 compared to 2021
• Acute physical risk to climate change (extreme weather events)
• Reputational risk from failure to meet climate change targets

Mitigation Strategies

• Strengthening existing safety measures and implementing new inclusive measures in 2023
• Geographically dispersed sites and protocols to ensure delivery even if one site is impacted by extreme weather
• Insurance program to mitigate financial consequences of damage from extreme weather
• Commitment to net-zero emissions by 2040 and SBTi targets for 2030

Supply Chain Management

Supplier Audits: Partnership with EcoVadis for sustainability assessments

Responsible Procurement

• Human Rights management forms part of the supply chain pre-qualification process
• Supplier Code of Ethics and Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (high winds, heatwaves, flooding)

Transition Risks

• Reputational risk from failure to meet climate change targets

Opportunities

• Installation of solar photovoltaic arrays at operating sites

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 14001

Third-party Assurance: Corporate Citizenship

Sustainable Products & Innovation

• Hydrofluoric acid with reduced carbon intensity

Environmental Metrics

ESG Focus Areas

• environmental impact
• social impact
• governance and ethics

Environmental Achievements

• Reduced market-based scope 2 emissions by 31.8% compared to the 2019 baseline.
• 26.5% reduction in emissions intensity from the 2019 baseline (7.85 tCO2e/tSW).

Social Achievements

• Employee and contractor safety performance remained robust throughout 2023, with a TRIR of 0.248.
• Zero fatalities in 2023.

Governance Achievements

• The Board of Directors sign off the integrated annual report which includes non-financial reporting.
• SusCo review and endorse Group Sustainability performance against KPIs.

Climate Goals & Targets

Environmental Challenges

• Uncertainty over the exact nature of all the impacts of climate change.
• Changes in the global environment including the ongoing conflict between Russia and Ukraine and other subsequent shocks to global energy markets.

Mitigation Strategies

• Dedicated net zero taskforce focused on reducing carbon footprint.
• Strategic targets were developed under each of the ESG pillars with corresponding key performance indicators (KPIs) to monitor progress.

Supply Chain Management

Supplier Audits: Partnership with EcoVadis for sustainability assessments of suppliers.

Responsible Procurement

• Sustainable Procurement Standard (internally published)
• Supplier Code of Ethics and Conduct
• Human Rights management forms a part of the supply chain pre-qualification process.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 14001

Third-party Assurance: Corporate Citizenship

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed