GlobalData offers a comprehensive analysis of Uranium Energy, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of Net Zero and associated ESG keywords, GlobalData delivers valuable information on Uranium Energy‘s ESG performance. GlobalData’s company profile on Uranium Energy offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Uranium Energy (UEC) has set a goal to achieve net-zero emissions in the near future. Uranium Energy’s latest filings mentioned the keywords ‘Emissions’ and ‘Recycling’ most number of times in relation to Net Zero.
The company aims to measure emissions, develop a decarbonization roadmap, and set emissions reduction targets aligned with the roadmap. UEC has reported its greenhouse gas emissions for scope 1 and scope 2, which were 509.64 MT CO2e and 139.37 MT CO2e, respectively, for its Texas operations. The company has also reported a 20% decrease in GHG emissions from 2020 to 2021. UEC has taken steps to reduce emissions, including purchasing renewable energy credits, investing in wind farms, and purchasing carbon credits to offset emissions from its Texas operations.
UEC has also implemented a closed-loop water system for in-situ recovery, which recycles up to 95% of the water used during the process. The company has a waste management protocol to measure, reduce, recycle, and safely dispose of all types of waste. UEC separates recyclable items from those intended for the landfill and partners with local home improvement retailers to participate in recycling programs. The company has also replaced fluorescent lighting with LED bulbs to reduce energy consumption and recycle fluorescent bulbs through a registered program.
The company has reported emissions of CO, NOx, SOx, particulate matter, mercury, lead, and volatile organic compounds. UEC has also reported the total energy consumed, total freshwater withdrawn and consumed, and the total weight of non-mineral waste generated, tailings produced, waste rock generated, and hazardous waste generated.
In conclusion, UEC recognizes the importance of addressing climate change and takes its role and responsibility as an active partner in the journey to net zero seriously. The company has taken steps to reduce emissions, implement a closed-loop water system, and establish a waste management protocol. UEC has also invested in renewable energy and purchased carbon credits to offset emissions from its Texas operations.