Urenco receives excellent rating from Carbon Disclosure Project

Urenco’s first climate submission to the Carbon Disclosure Project (CDP) has exceeded expectations, scoring highly on a range of issues that CDP assess companies against, which fall under the categories of climate, water security and forest related performance.

The CDP ratings range from A to D-, and Urenco achieved a first-time score of B-, an excellent result that is the equivalent of acting at a “Management” level for environmental stewardship; the second highest of four levels.

Dave Sexton, our Chief Operating Officer, comments:

“Normally for initial submittals like ours, an expected grade is closer to C or D as companies are just beginning their net zero programme. The fact that Urenco’s initial rating is so high is reflective of the dedication everyone demonstrates regarding our environmental impact. This includes both our past and current actions to minimise our greenhouse gas emissions and save energy.”

By disclosing our 2020 environmental data to the CDP, which included our carbon performance, climate risks and mitigation, targets and examples of our energy policy engagement work, we can benchmark our performance among nearly 12,000 other scored companies. As a global, publicly available database, the CDP rating acts as a credible standard that customers, financial lenders and creditors can use in their decisions surrounding Urenco.

CDP submissions are one of the numerous steps being taken within our refreshed sustainability strategy at Urenco to achieve our goal of net zero carbon in advance of 2040. There is room to improve our CDP rank to a “Leadership” level score as our net zero roadmap develops, including science-aligned emissions reduction targets, covering our Scope 3 emissions as well as Scopes 1 and 2.

Going forward, we will continue to submit annual updates to the CDP, to transparently and publicly demonstrate our commitment and progress on our journey towards net zero carbon.

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