Yellow Cake plc
Climate Impact & Sustainability Data (2022-04-01 to 2023-03-31, 2024, April 2024)
Reporting Period: 2022-04-01 to 2023-03-31
Environmental Metrics
ESG Focus Areas
- Environment
- Social Responsibility
- Governance
Environmental Achievements
- Kazatomprom introduced a Decarbonisation Strategy with the aim of achieving carbon neutrality in Scope 1 and 2 emissions by 2060.
- Kazatomprom, Cameco and Orano reduced Scope 1 emissions
Social Achievements
- Yellow Cake continues to implement its policies on employee and stakeholder well-being, including health and safety, equal opportunities, and whistleblowing protection.
- Kazatomprom, Cameco, and Orano have well-developed standards for the health, safety, and well-being of their employees
- All Company partners improved their safety records.
Governance Achievements
- 71% of Yellow Cake’s Board of Directors are independent.
- Kazatomprom introduced a Human Rights Policy and all its supplier agreements include associated provisions.
Climate Goals & Targets
Environmental Challenges
- Geopolitical developments, particularly the war in Ukraine and its impact on uranium supply chains.
- Supply chain disruptions affecting the availability and cost of raw materials for uranium mining and processing.
- Political risks associated with Kazatomprom's operations in Kazakhstan.
Mitigation Strategies
- Monitoring partners’ environmental performance, including greenhouse gas emissions, water management, and waste.
- Regular monitoring of partners’ exposure to social risk, including incidents involving injury or fatality.
- Closely monitoring the extent of political risk and its effect on Kazatomprom’s corporate governance performance.
- Kazatomprom has an alternative uranium export route (the Trans-Caspian International Transport Route).
Supply Chain Management
Supplier Audits: Annual risk-based due diligence on suppliers and business partners
Responsible Procurement
- Supplier Standards Policy sets out standards in health and safety, business integrity, legal compliance, labor and human rights, environmental stewardship, treatment of host communities, and reporting.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: UN SDGs, GRI, SASB, TCFD
Certifications: OHSAS 18001 or ISO 45001, ISO 14001
Third-party Assurance: PRISM Political Risk Management
UN Sustainable Development Goals
- Kazatomprom's Integrated Annual Report is guided by 12 UNSDGs
Reporting Period: 2024
Environmental Metrics
ESG Focus Areas
- Environment
- Social Responsibility
- Governance
Environmental Achievements
- Kazatomprom implemented a Water Management Strategy and a Radioactive Waste Management Programme.
Social Achievements
- Yellow Cake maintains policies on employee and stakeholder well-being, including health and safety, equal opportunities, and whistleblowing protection.
- Women make up 43% of the Board and 50% of management.
Governance Achievements
- Yellow Cake has a zero-tolerance approach to corruption, bribery, unethical practices and anti-competitive behaviour.
- 71% of Yellow Cake’s Board of Directors are independent.
Climate Goals & Targets
Environmental Challenges
- ESG risks related to the activities of key suppliers (Kazatomprom, Cameco, and Orano).
- Geopolitical risks, particularly those related to Russia's invasion of Ukraine and its impact on uranium supply chains.
- Potential for supply chain disruptions due to geopolitical events or other factors.
Mitigation Strategies
- Annual risk-based due diligence on suppliers and business partners.
- Monitoring of partners’ environmental performance, including greenhouse gas emissions, water management, and waste disposal.
- Kazatomprom's use of in-situ recovery for uranium extraction, a method producing fewer emissions than other methods.
- Diversification of uranium sources and transport routes.
Supply Chain Management
Supplier Audits: Annual risk-based due diligence
Responsible Procurement
- Supplier Standards Policy
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: UN SDGs, GRI, SASB, TCFD
Certifications: OHSAS 18001 or ISO 45001, ISO 14001
Third-party Assurance: PRISM Political Risk Management
UN Sustainable Development Goals
- UNSDG 7 (Affordable and Clean Energy)
- UNSDG 13 (Climate Action)
Kazatomprom’s Integrated Annual Report is guided by the 17 UNSDGs.
Awards & Recognition
- 2024 OTCQX® Best 50
Reporting Period: April 2024
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Climate Change
- Energy Transition
Environmental Achievements
- Not disclosed
Social Achievements
- Not disclosed
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Growing uranium supply deficit due to mines reaching end-of-life, declining secondary supply, and drawdown of excess inventory.
Mitigation Strategies
- Secured over 21.6Mlbs. in U3O8 inventory and has an ongoing framework agreement with Kazatomprom providing access to US$100m in further material per year.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed