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Urenco scores for climate approach

28 February 2024 Global News

We have maintained our rating in the Carbon Disclosure Project for the second year running.

Urenco has solidified its work around establishing more sustainable working practices by achieving a B in its Carbon Disclosure Project (CDP) score.

Our latest score relates to our climate activities in 2022 and remains consistent to what we achieved 12 months ago.

The CDP is a not-for-profit charity that runs a global disclosure system for businesses - and also cities, states and regions - to manage their environmental impacts.

The B grade – achieved by 45% of companies - means we achieved ‘Management’ level, highlighting that we “addressed the environmental impacts of [our] business and ensured good environmental management”, but still have room to improve as we look to become a leader in our field.

Rob Little, Head of Global Sustainability, said: “As a company, we are very proud to once again have been awarded a B score by the CDP.

“Quite rightly, it gets harder every year so it is very pleasing to see that we have maintained our standards and is testament to the hard work by everyone involved in the net zero programme..  

“With the global average score of a C, we know we are doing well but we want to push on now and deliver on our Net Zero Transition Plan, with the ambition of achieving an A score in the coming years.”

In 2021, Urenco signed the Climate Pledge, committing to becoming net zero across scopes 1, 2 and 3 by 2040. Since then we committed to set science-based near term targets for 2030, covering all scopes and aiming to reduce emissions in absolute terms by 90% for our direct operations (scopes 1 and 2).

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About Urenco

Urenco is an international supplier of uranium enrichment services, fuel cycle products and related solutions with sustainability at the core of our business. Operating in a pivotal area of the nuclear fuel supply chain for over 50 years, Urenco understands the importance of energy security and facilitates the reliable delivery of low carbon electricity generation for consumers around the world.

With its head office in London, UK, Urenco’s global presence ensures diversity and security of supply for customers through enrichment facilities in Germany, the Netherlands, the UK and the USA. Through our technology and the expertise of our people, the Urenco Group provides safe, cost effective and reliable services, operating within a framework of high environmental, social and governance standards, complementing international safeguards.

Urenco is making a positive contribution to global climate change goals through our core business and we are committed to achieving net zero carbon emissions by 2040.

We are committed to continued investment in the responsible management of nuclear materials; innovation activities with clear sustainability benefits, such as nuclear medicine, industrial efficiency and research; and nurturing the next generation of scientists and engineers.