Cameco`s Vision and Values

Cameco will be a dominant nuclear energy company producing uranium fuel and generating clean electricity.

Our mission is to bring the multiple benefits of nuclear energy to the world.

Our goal is to be the supplier, partner, investment and employer of choice in the nuclear industry. We already stand apart as a quality investment with a proven track record and considerable strengths. We are recognized as a global leader in corporate social responsibility and are committed to doing what`s right for:

a safe, healthy and rewarding workplace,
a clean environment,
supportive communities and
outstanding financial performance.

These four measures of success will determine our future growth and long-term standing as a responsible corporate citizen in everything we do.

Our decisions and actions are guided by our values:

Safety and environment

Values
The safety of people and protection of the environment are the foundations of our work. All of us share in the responsibility of continually improving the safety of our workplace and the quality of our environment.

Commitment
We are committed to keeping people safe and conducting our business with respect and care for both the local and global environment.

Principles
We:

promote and support a strong safety culture
strive to be a leader in safety and environmental practices and performance, which includes timely, accurate and transparent reporting
manage risks to levels as low as reasonably achievable
prevent pollution
comply with and move beyond legal and other requirements
reduce the likelihood of accidents and emergency situations and maintain plans to mitigate their impact
actively seek and incorporate the input from workers, local communities and other stakeholders on the impacts of our activities and our overall performance
continually improve the efficiency of our resource and energy use, management of wastes and tailings, and reduction of land disturbances, air emissions and discharges to water
use science and innovation to drive our efforts at continual improvement
conduct safety, health and environment assessments that consider social and cultural values and are designed for closure before proceeding with new operational projects

People

Values
We value the contribution of every employee and we treat people fairly by demonstrating our respect for individual dignity, creativity and cultural diversity. By being open and honest we achieve the strong relationships we seek.

Commitment
We are committed to developing and supporting a flexible, skilled, stable and diverse workforce, in an environment that:

attracts and retains talented people and inspires them to be fully productive and engaged
encourages relationships that build the trust, credibility and support we need to grow our business.

Principles
We:

recruit the best people who will understand and share our vision and values and who can help us effectively carry out our mission
manage talent in relation to business needs
manage employees` performance constructively so they can work to the best of their abilities
establish clear responsibilities and accountabilities for every employee
offer competitive compensation and benefits
develop leadership skills at all levels that reflect our corporate values, competencies and behaviours
recognize employee contributions
encourage creativity and sharing of ideas
promote and support continuous learning and career development
provide a safe and healthy working environment that is free from harassment and discrimination
promote and support healthy lifestyles
promote an inclusive and diverse workplace and respect cultural traditions in communities where we operate
provide flexibility to help employees balance work and personal commitments effectively
provide transparent and consistent employee programs and policies
respect our employees` privacy

Integrity

Values
Through personal and professional integrity, we lead by example, earn trust, honour our commitments and conduct our business ethically.

Commitment
We are committed to acting with integrity in every area of our business, wherever we operate.

Principles
We:

are a leading, socially responsible corporate citizen, maintaining positive and open relationships wherever we operate
manage our operations responsibly, and accurately measure and report our performance publicly
conduct ourselves ethically and with integrity, upholding our code of conduct and ethics and honouring our commitments whether written or oral
contribute to the economic and social development of local communities where our facilities are located
respect human rights wherever we operate
publicly disclose complete, accurate and balanced information on a timely basis
prepare and disclose our mineral reserve and resource estimates objectively
reflect all business transactions completely and accurately in the company accounts
refuse to support any activities that involve bribery or corruption
compete fairly and ethically
allow only responsible and appropriate use of our assets
secure and manage corporate information with integrity
carry out practices to prevent and detect fraud and do not tolerate it in any way
meet or exceed all laws, regulations and other requirements that apply to us

Excellence

Our board of directors has provided these value statements to ensure we continue to uphold our values. Together these values form the foundation of our culture. By pursuing them, we attract and retain top talent, earn the trust of our stakeholders, manage risks effectively, and ensure the long-term competitiveness and sustainability of our operations, all for the purpose of adding shareholder value.

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