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Business Wire
6 days ago
- Business
- Business Wire
Cameco Releases 2024 Sustainability Report
SASKATOON, Saskatchewan--(BUSINESS WIRE)-- Cameco (TSX: CCO; NYSE: CCJ) released its 2024 Sustainability Report today, which communicates the initiatives and key metrics that demonstrate Cameco's progress to date and the continual advancement of our sustainability reporting. 'As a responsible company focused on creating long-term, sustainable value for all our stakeholders, we are taking the appropriate actions and making decisions to look after our employees, support our communities, and reduce our environmental impact,' Cameco President and CEO Tim Gitzel said. Cameco is committed to transparency and accountability for quality reporting on sustainability matters to our providers of capital, customers, employees, regulators, local Indigenous Peoples, communities around our operations, and other stakeholders. For more than 15 years, we have disclosed our sustainability performance through an extensive range of environment, safety, social, economic, and governance indicators. Sustainability highlights from 2024 include: Completing physical climate risk assessments at our U.S. operations in Nebraska and Wyoming; Launching a pre-trades training program for Residents of Saskatchewan's North, where ten female students began courses on industrial and heavy-duty mechanics, carpentry, electrical, plumbing and welding; Removing the Port Hope legacy UF 6 plant, where over 125,000 hours were spent over five years to address legacy waste inherited from historic operations — a major milestone of our Vision in Motion project; Achieving our goal to publish our Scope 3 emissions value and quantification method, as well as engage with value chain partners that together make up 59% of our total Scope 3 emissions, to better understand emission-reducing initiatives in our value chain; Acknowledging 51% of our workforce at our northern Saskatchewan operations self-identified as Indigenous; and, Celebrating that 71% of all our spending on services at our northern Saskatchewan mine sites was with northern-owned businesses. 'Looking forward, I want us to continue to safely produce uranium fuel in a way that our people are proud of. We remain committed to pursuing sustainability and providing a respectful workplace that is reflective of the communities where we operate,' Gitzel said. In this report, Cameco has incorporated relevant Sustainability Accounting Standards Board (SASB) performance indicators and continued its progress toward integrating the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD). The report can be downloaded or read online at Cameco's board of directors and executive team oversee the company's sustainability strategy, execution, and reporting. In addition to SASB and TCFD, the report contains other key performance indicators that we believe have an important bearing on Cameco's long-term sustainability, some of which are unique to our company and some of which are based on the GRI Standards framework that we used as the basis of our sustainability reporting prior to 2020. For the third year, we have obtained a third-party limited assurance report on selected performance indicators. Profile Cameco is one of the largest global providers of the uranium fuel needed to power a secure energy future. Our competitive position is based on our controlling ownership of the world's largest high-grade reserves and low-cost operations, as well as significant investments across the nuclear fuel cycle, including ownership interests in Westinghouse Electric Company and Global Laser Enrichment. Utilities around the world rely on Cameco to provide global nuclear fuel solutions for the generation of safe, reliable, carbon-free nuclear power. Our shares trade on the Toronto and New York stock exchanges. Our head office is in Saskatoon, Saskatchewan, Canada. As used in this news release, the terms we, us, our, the Company and Cameco mean Cameco Corporation and its subsidiaries unless otherwise indicated. Caution about forward-looking information This news release includes statements considered to be forward-looking information or forward-looking statements under Canadian and U.S. securities laws (which we refer to as forward-looking information), including: our focus on creating long-term, sustainable value for all our stakeholders; our goals of looking after our employees, supporting our communities and reducing our environmental impact; our commitment to continual advancement of our sustainability reporting, including transparency and accountability for quality reporting on sustainability matters; our intention to continue to produce uranium fuel safely; our commitment to pursuing sustainability and providing a respectful workplace; and our engagement with value chain partners to better understand emission-reducing initiatives in our value chain. This forward-looking information is based on a number of assumptions, including assumptions regarding our ability to achieve our goals of creating long-term, sustainable value, looking after our employees, supporting our communities and reducing our environmental impact; our ability to maintain quality reporting on sustainability matters; and our ability to achieve safe production of uranium fuel, pursue sustainability and maintain a respectful workplace. This information is subject to a number of risks, including: the risk that we may be unable to achieve our goal of pursuing long-term, sustainable value or meet our uranium fuel production goals; the risk that we may not be able to maintain quality reporting on sustainability matters; and the risk that we may face unexpected challenges or delays in advancing our climate, environmental and social-related goals or that they may not achieve the intended outcomes or results. Additional assumptions and risks are detailed in the Caution About Forward-Looking Information in our Sustainability Report and our most recent annual and quarterly Management's Discussion and Analysis. The forward-looking information in this news release represents our current views, and actual results may differ significantly. Forward-looking information is designed to help you understand our current views and may not be appropriate for other purposes. We will not necessarily update this information unless we are required to by securities laws.
Focus Malaysia
24-06-2025
- Business
- Focus Malaysia
Palm oil sector faces ESG pressure amid global scrutiny
THE oil palm plantation sector has long been linked to deforestation, greenhouse gas (GHG) emissions, labour exploitation, and land rights violations. These longstanding issues have resulted in: (i) Increased global scrutiny and the introduction of stricter regulations, particularly from major importing regions such as the European Union and the United States. (ii) A noticeable shift in demand from buyers and consumers (especially in these regions) toward sustainably produced palm oil. (iii) The growing integration of ESG criteria into funding and investment decisions by financial institutions, including both lenders and investors. 'In response, planters have intensified efforts to adopt and integrate ESG principles across their operations,' said Hong Leong Investment Bank. Beyond rising ESG adoption, the level of ESG disclosure among planters has improved over time, spurred by both mandatory and market-driven requirements. Notable examples include the EU Deforestation Regulation (EUDR), which requires enhanced traceability and data systems; Task Force on Climate-Related Financial Disclosures (TCFD) reporting, and sustainability disclosures mandated by Bursa Malaysia. Key elements within the Environmental pillar (particularly GHG emissions, and water management) are critical in in assessing how planters interact with and impact the natural environment. 4 out of 7 planters recorded lower GHG intensity (namely HS Plant, JPG, KLK and SDG). These improvements stemmed from various reduction initiatives, such as the installation of biogas plants and filter belt press, the purchase of green energy, and the use of by-products like palm kernel shell (PKS), etc. In terms of water intensity, 7 out of 8 planters achieved lower water intensity in FY24, signalling more efficient water usage and improved water management practices across operations. While progress under the Social pillar is more difficult to quantify due to its qualitative nature, many planters have shown clear commitment to addressing key social concerns. This is reflected in initiatives such as improved labour practices, enhanced workers' welfare, community engagement programmes, and efforts to uphold human rights across their operations and supply chains. Governance practices among planters showed uneven progress in FY24, particularly in board independence and gender diversity. In terms of board independence, all planters met the minimum requirement under the Malaysian Code on Corporate Governance (MCCG) i.e. at least 50% independent board representation. HS Plant and KLK improved their board independence (from 40-44% in FY23 to 56-60% in FY24). In contrast, IOI and TSH saw declines (from 67% and 56% in FY23 to 57% and 50% in FY24, respectively). Gender diversity, on the other hand, showed mixed progress in FY24. While HS Plant, KLK, and TSH recorded higher female board representation in FY24, FGV and SDG experienced declines. Notably, 4 out of 8 planters under coverage still fall short of the MCCG's recommendation of 30% female representation on the board. YTD, CPO price averaged at RM4,399/mt. We maintain our 2025-26 CPO price projections of RM4,000/mt and RM3,800/mt for now, pending a review (with slight upside bias). Maintain Neutral on the sector, given the absence of clear demand catalyst (at least for now). For exposure, our top picks are SDG (BUY; TP: RM5.17), JPG (BUY; TP: RM1.35) and IOI (BUY; TP: RM4.24). —June 24, 2025 Main image: Tasting Table
Korea Herald
17-06-2025
- Business
- Korea Herald
ENNOVI Achieves Prestigious EcoVadis Platinum Sustainability Rating for Unprecedented Fifth Year
Accolade aligns with ENNOVI's mission to positively impact the industries it serves SINGAPORE, June 17, 2025 /PRNewswire/ -- ENNOVI, an interconnect solutions partner, is proud to announce its continued recognition for outstanding sustainability performance by EcoVadis, the world's most reputable provider of business sustainability ratings. Demonstrating an unwavering commitment to environmental stewardship, ethical practices, and social responsibility, ENNOVI has secured the EcoVadis Platinum Medal for the fifth time. This achievement places it in the top 1% of over 130,000 companies assessed worldwide. We increased our overall EcoVadis score to 85, with significant improvements in the themes of Labor & Human Rights, Ethics, and Sustainable Procurement. Over the past year, we have deepened our focus on ethics, labor practices, and human rights, enhanced supply chain due diligence, and strengthened our environmental management systems. We have also enhanced our award-winning sustainability reporting, which provides a comprehensive account of our sustainability performance, aligned with global standards and frameworks such as the GRI, SASB, TCFD, and UN Sustainable Development Goals, thereby reinforcing our commitment to transparent and stakeholder-focused disclosure. "EcoVadis provides an invaluable lens through which we can demonstrate our unwavering commitment to sustainability within the rapidly evolving technology landscape," states Nantha Kumar Chandran, Chief Sustainability Officer & VP Global Plating Operations, ENNOVI. "This consistent acknowledgement from EcoVadis not only underscores ENNOVI's pioneering efforts in sustainable practices but also deepens the assurance and loyalty of our customers, partners, and the entire community we serve."
Cision Canada
17-06-2025
- Business
- Cision Canada
ENNOVI Achieves Prestigious EcoVadis Platinum Sustainability Rating for Unprecedented Fifth Year
Accolade aligns with ENNOVI's mission to positively impact the industries it serves SINGAPORE, June 17, 2025 /CNW/ -- ENNOVI, an interconnect solutions partner, is proud to announce its continued recognition for outstanding sustainability performance by EcoVadis, the world's most reputable provider of business sustainability ratings. Demonstrating an unwavering commitment to environmental stewardship, ethical practices, and social responsibility, ENNOVI has secured the EcoVadis Platinum Medal for the fifth time. This achievement places it in the top 1% of over 130,000 companies assessed worldwide. We increased our overall EcoVadis score to 85, with significant improvements in the themes of Labor & Human Rights, Ethics, and Sustainable Procurement. Over the past year, we have deepened our focus on ethics, labor practices, and human rights, enhanced supply chain due diligence, and strengthened our environmental management systems. We have also enhanced our award-winning sustainability reporting, which provides a comprehensive account of our sustainability performance, aligned with global standards and frameworks such as the GRI, SASB, TCFD, and UN Sustainable Development Goals, thereby reinforcing our commitment to transparent and stakeholder-focused disclosure. "EcoVadis provides an invaluable lens through which we can demonstrate our unwavering commitment to sustainability within the rapidly evolving technology landscape," states Nantha Kumar Chandran, Chief Sustainability Officer & VP Global Plating Operations, ENNOVI. "This consistent acknowledgement from EcoVadis not only underscores ENNOVI's pioneering efforts in sustainable practices but also deepens the assurance and loyalty of our customers, partners, and the entire community we serve." For more information about ENNOVI and its EcoVadis platinum sustainability rating, please visit: .
Yahoo
16-06-2025
- Business
- Yahoo
NOVAGOLD Releases 2024 Sustainability Report
Providing a thorough overview of NOVAGOLD's environmental, social and governance (ESG) performance, highlighting strong health and safety record, ongoing commitment to environmental responsibility, ongoing community investments, extensive stakeholder interactions, and sound corporate governance. Emphasizing NOVAGOLD's investments in Donlin Gold LLC ('Donlin Gold') and its stakeholders, focusing on community engagement and responsiveness to local priorities. Aligning with the recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD) and Taskforce on Nature-related Financial Disclosures (TNFD) in this year's Sustainability Report, and continued alignment with the Global Reporting Initiative (GRI) framework. VANCOUVER, British Columbia, June 16, 2025 (GLOBE NEWSWIRE) -- NOVAGOLD RESOURCES INC. ('NOVAGOLD' or the 'Company') (NYSE American, TSX: NG) is pleased to announce the publication of its 2024 Sustainability Report which provides an overview of the Company's performance in the areas of environmental responsibility, health and safety, social engagement, and corporate governance in alignment with GRI standards and the recommendations of the TCFD and the TNFD. 'As we look toward the future, I am confident in our continued progress', said Greg Lang, NOVAGOLD's President and CEO. 'At NOVAGOLD, our ESG practices will evolve as we deepen our commitment to the people of the Yukon-Kuskokwim region and advance sustainable development. Central to our approach is close collaboration with local communities, drawing on their knowledge to minimize environmental impacts, foster economic activity, and responsibly develop Donlin Gold. We firmly believe that responsible mining is about more than sound resource extraction, it's about leaving a positive legacy in the communities we work with and safeguarding the environment.' Highlights of NOVAGOLD's 2024 Sustainability ReportAs a development-stage mining company, NOVAGOLD remains focused on advancing the Donlin Gold project with a long-term perspective. Central to these efforts is our collaboration with the project's Alaska Native Corporation landowners, to deliver lasting economic and social benefits to the Yukon-Kuskokwim (Y-K) region through responsible development of the Donlin Gold project. Transparency is central to NOVAGOLD's approach, ensuring clear and honest communication of sustainability priorities and ESG performance. Since 2020, the Company's annual sustainability reports have reflected a commitment to responsible governance, highlighting key environmental, health and safety, social engagement, governance, and economic performance metrics. The 2024 Sustainability Report is available on NOVAGOLD's website here. About NOVAGOLD NOVAGOLD is a well-financed precious metals company focused on the development of the Donlin Gold project in Alaska, one of the safest mining jurisdictions in the world1. With approximately 39 million ounces of gold in the Measured and Indicated Mineral Resource categories, inclusive of Proven and Probable Mineral Reserves (541 million tonnes at an average grade of approximately 2.24 grams per tonne, in the Measured and Indicated Mineral Resource categories on a 100% basis)2, the Donlin Gold project is regarded to be one of the largest, highest-grade, and most prospective known open-pit gold deposits in the world. According to the 2021 Technical Report and the S-K 1300 Technical Report Summary once in production, the Donlin Gold project is expected to produce an average of more than one million ounces per year over a 27-year mine life on a 100% basis. NOVAGOLD Contacts: Mélanie Hennessey Vice President, Corporate Communications Frank GagnonManager, Investor Relations 604-669-6227 or Cautionary Note Regarding Forward-Looking Statements This media release includes certain 'forward-looking information' and 'forward-looking statements' (collectively 'forward-looking statements') within the meaning of applicable securities legislation, including the United States Private Securities Litigation Reform Act of 1995. Forward- looking statements are frequently, but not always, identified by words such as 'expects', 'continue', 'ongoing', 'anticipates', 'believes', 'intends', 'estimates', 'potential', 'possible', and similar expressions, or statements that events, conditions, or results 'will', 'may', 'could', 'would' or 'should' occur or be achieved. Forward-looking statements contained in this media release are based on a number of material assumptions, including but not limited to the following, which could prove to be significantly incorrect: our ability to achieve production at any of our mineral exploration and development properties; estimated capital costs, operating costs, production and economic returns; estimated metal pricing, metallurgy, mineability, marketability and operating and capital costs, together with other assumptions underlying our resource and reserve estimates; our expected ability to develop adequate infrastructure and that the cost of doing so will be reasonable; assumptions that all necessary permits and governmental approvals will be obtained and the timing of such approvals; assumptions made in the interpretation of drill results, the geology, grade and continuity of our mineral deposits; our expectations regarding demand for equipment, skilled labor and services needed for exploration and development of mineral properties; our ability to improve our ESG initiatives and goals; and that our activities will not be adversely disrupted or impeded by development, operating or regulatory risks. Forward-looking statements are necessarily based on several opinions, estimates and assumptions that management of NOVAGOLD considered appropriate and reasonable as of the date such statements are made, are subject to known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, included herein are forward-looking statements. These forward-looking statements include statements regarding the anticipated timing of certain judicial and/or administrative decisions; plans for and the estimated timing of a new feasibility study on the Donlin Gold project; our goals and planned activities for 2025; ongoing support provided to key stakeholders including Native Corporation landowners; Donlin Gold's continued support for the state and federal permitting process; sufficiency of working capital; the potential development and construction of the Donlin Gold project; the timing and ability for the Donlin Gold project to hit critical milestones; the ability for the Donlin Gold project to hit the anticipated projections; the sufficiency of funds to continue to advance development of Donlin Gold, including to a construction decision; perceived merit of properties; mineral reserve and mineral resource estimates; Donlin Gold's ability to secure the permits needed to construct and operate the Donlin Gold project in a timely manner, if at all; legal challenges to Donlin Gold's existing permits and the timing of decisions in those challenges; plans to continue to advance the Donlin Gold project safely, socially responsibly and to sustainably generate value for stakeholders; continued cooperation between the owners of Donlin Gold LLC to advance the project; NOVAGOLD's ability to deliver on its strategy with the Donlin Gold project, increasing shareholder and stakeholder wealth; the success of the strategic mine plan for the Donlin Gold project; the success of the Donlin Gold community relations plan; the anticipated outcome of exploration drilling at the Donlin Gold project and the timing thereof; the completion of test work and modeling and the timing thereof; and implementation of NOVAGOLDʼs ESG policies, studies, programs, initiatives and goals. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances are forward-looking statements. Forward-looking statements are not historical facts but instead represent the expectations of NOVAGOLD management's estimates and projections regarding future events or circumstances on the date the statements are made. Important factors that could cause actual results to differ materially from expectations include the need to obtain additional permits and governmental approvals; the timing and likelihood of obtaining and maintaining permits necessary to construct and operate; the need for additional financing to complete an updated feasibility study and to explore and develop properties; availability of financing in the debt and capital markets; disease pandemics; uncertainties involved in the interpretation of drill results and geological tests and the estimation of reserves and resources; changes in mineral production performance, exploitation and exploration successes; changes in national and local government legislation, taxation, controls or regulations and/or changes in the administration of laws, policies and practices, expropriation or nationalization of property and political or economic developments in the United States or Canada; the need for continued cooperation between the owners of Donlin Gold LLC to advance the project; the need for cooperation of government agencies and Native groups in the development and operation of properties; risks of construction and mining projects such as accidents, equipment breakdowns, bad weather, disease pandemics, non-compliance with environmental and permit requirements, unanticipated variation in geological structures, ore grades or recovery rates; unexpected cost increases, which could include significant increases in estimated capital and operating costs; fluctuations in metal prices and currency exchange rates; whether or when a positive construction decision will be made regarding the Donlin Gold project; and other risks and uncertainties disclosed in NOVAGOLD's most recent reports on Forms 10-K and 10-Q, particularly the 'Risk Factors' sections of those reports and other documents filed by NOVAGOLD with applicable securities regulatory authorities from time to time. Copies of these filings may be obtained by visiting NOVAGOLD's website at or the SEC's website at or on SEDAR+ at The forward-looking statements contained herein reflect the beliefs, opinions and projections of NOVAGOLD on the date the statements are made. NOVAGOLD assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law. 1 Per Mining Journal intelligence – World Risk Report 2024 Alaska received an AA rating, ranks number 13th globally on the Investment Risk index.2 Donlin Gold data as per the report titled 'NI 43-101 Technical Report on the Donlin Gold project, Alaska, USA' (the '2021 Technical Report'), with an effective date of June 1, 2021 and the report titled 'S-K 1300 Technical Report Summary on the Donlin Gold project, Alaska, USA' (the 'S-K 1300 Technical Report Summary'), dated November 30, 2021. Donlin Gold possesses Measured Resources of approximately 8 Mt grading 2.52 g/t and Indicated Resources of approximately 534 Mt grading 2.24 g/t, each on a 100% basis and inclusive of Mineral Reserves, of which approximately 5 Mt of Measured Resources and approximately 320 Mt of Indicated Resources inclusive of Reserves is currently attributable to NOVAGOLD through its 60% ownership interest in Donlin Gold LLC. Exclusive of Mineral Reserves, Donlin Gold possesses Measured Resources of approximately 0.9 Mt grading 2.23 g/t and Indicated Resources of approximately 69 Mt grading 2.44 g/t, of which approximately 0.5 Mt of Measured Resources and approximately 42 Mt of Indicated Resources of approximately 69 Mt grading 2.44 g/t, of which approximately 0.5 Mt of Measured Resources and approximately 42 Mt of Indicated Resources exclusive of Mineral Reserves is currently attributable to NOVAGOLD. Donlin Gold possesses Proven Reserves of approximately 8 Mt grading 2.32 g/t and Probable Reserves of approximately 497 Mt grading 2.08 g/t, each on a 100% basis, of which approximately 5 Mt of Proven Reserves and approximately 298 Mt of Probable Reserves is attributable to NOVAGOLD. Mineral Reserves and Resources have been estimated in accordance with NI 43-101 and S-K 1300. A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
