What is net zero?
Net zero carbon refers to achieving a state in which the carbon emitted into the atmosphere is balanced by the carbon removed from it. For this to occur, the amount of carbon added to the atmosphere must not exceed the amount removed.
In 2021, we committed to net zero carbon emissions by 2040 as part of The Climate Pledge.
To support the achievement of our net zero goal, we have set ambitious science based targets for 2030 to ensure we make the progress needed to help keep the global temperature rise below 1.5°C.
Our targets are measured from a 2019 baseline.
Here are a few initiatives we have implemented to help us reduce our carbon emissions and contribute to a net zero world.
We actively monitor our environmental impact to ensure we strive to reduce our carbon emissions and water usage, and improve our energy efficiency. To encourage reductions across our group, our new key performance indicators (KPIs) set targets to ensure we are making the progress necessary to contribute to a net zero world and manage our environmental impact. View our longer term KPIs on our governance and ethics page.
We manage our environmental impact in several ways. For example, our dedicated net zero taskforce across all our sites focuses on energy efficiency, water saving and eliminating scope 1 emissions (e.g. natural gas). We have implemented different water saving initiatives, including rainwater harvesting at our Tails Management Facility. Each operating site is also developing a net zero action plan to tackle our carbon emissions and keep Urenco on the road to net zero.
We are involved in bringing forward exciting new developments by actively engaging with our key stakeholders. Our investment in research and development ensures our portfolio of products and services continues to grow. In October 2021, we expanded our Stable Isotopes facility to meet the demand for products in the medical field, including products used in MRI imaging to detect lung diseases. Urenco Stable Isotopes is also conducting research to discover solutions for cancer treatment. Additionally, U-Battery continues to innovate and develop: a full scale, first of its kind, mock-up of the main vessels of an advanced modular reactor was revealed in 2021.
Responsible uranium stewardship continues to be a key element of our commitment to sustainability. We have two dedicated UK subsidiaries, Urenco Nuclear Stewardship and Urenco ChemPlants, as well as our Tails Management Facility (TMF), that provide expertise in the responsible management of nuclear material.
We ensure the safe and responsible management and disposal of nuclear materials. We monitor our waste so that we continue to minimise our environmental impact, as well as comply with environmental legislation.
In November 2022, Egypt hosted the 27th Climate Change Conference of Parties. During this time, Urenco played an impactful role in several events advocating for a net zero world.Read our round up