An important participant in the transition to a low carbon economy
Strong female representation at the management and Board level
The highest levels of safety in the storage of uranium
A skilled, committed and independent Board
Environmental, social and governance considerations are vital to Yellow Cake’s performance and wider impact.
While we do not engage in mining activities or directly handle inventory, we are committed to the reduction of environmental, social and governance risk at our primary supplier and main business partners. Our Supplier Standards Policy sets out the Company’s standards in the areas of health and safety, business integrity and legal compliance, labour and human rights, environmental stewardship, treatment of host communities, and reporting.
We conduct annual risk-based due diligence on suppliers and business partners to identify potential risks in their governance, environmental, social and ethical practices. Risk-based due diligence is also conducted for all material transaction with existing or new counterparties.
Yellow Cake is committed to the reduction of environmental risk at our primary supplier and main business partners.
Yellow Cake continues to implement its policies on employee and stakeholder well-being, including health and safety, equal opportunities, and whistleblowing protection.
Mining of uranium has similar social and environmental impacts to the mining of other metals and minerals, and is regulated in terms of local legislation on health, safety and environmental protection.
Uranium ore and U3O8 are mildly radioactive, although prolonged exposure can cause damage. Uranium is handled and contained to prevent inhalation or ingestion as it is toxic chemically. Radioactivity and toxicity increase during concentration and enrichment, which happen later in the nuclear fuel value chain.
We take into account both direct impacts and indirect impacts arising from our business relationships with suppliers, and defines materiality to include topics that affect Yellow Cake’s economic, environmental, and social impacts on stakeholders and society.
In line with Yellow Cake’s commitment to ESG principles, we commission an annual external and independent risk-based assessment of our primary supplier and business partners.
More detail and key findings can be found in our 2023 Integrated Report