Grant Isaac - CFO of Cameco - will present, “As a C-suite person, this is what I am facing on ESG (given requests from BlackRock etc.) and thus will eventually expect of our partners.”
This is a SIMSA members only event.
Investment groups like BlackRock (with over $8-trillion in management) are demanding that in the near future, all their investees have a net zero plan, as part of their ESG (Environmental, Social, and Governance), or sometimes just called Sustainability, reporting. Companies like Cameco, Nutrien, Mosaic, TC Energy are hearing this and are responding.
To put a fine point on it, what this means is, these resource producers' carbon footprint must be reduced - and the supply chain is included in their foot print. So, in the near future, you will be asked to provide a "Sustainability" plan with your net zero plan included. In short, your Sustainability report will impact your bid evaluations as much as your safety report. For some background on the topic, see SIMSA's March newsletter HERE.
To be clear, this is not a requirement now from Cameco nor any other producer, but it will be in a year or so. And, SIMSA is working on developing the reporting methods and alike for you. This event is to give a suppliers an early 'heads up," not a "here's the new reporting."
Grant will explain this system and its potential impact on you, from the C-suite perspective - a view from not just Cameco, but from any resource producer.