Sustainability
Our
sustainability
focus
Paladin is committed to the core principle of delivering value through sustainable development and aims to promote sustainable business practices by integrating climate-related risks and opportunities into our governance, strategy and risk management process.
We will provide safe, clean, affordable and reliable energy, thereby displacing more emissions intensive energy sources and helping drive the global energy transition to a carbon-free, sustainable future.
The provision of clean uranium energy supplied by Paladin to nuclear facilities to produce electricity is one of the most effective ways to meet the challenge of achieving the greenhouse gas reduction goals set by the Paris Agreement and Glasgow Climate Pact.
For more information, download our latest report on sustainability.
ESG Highlights FY2023
ESG Goals FY2024
During FY2023 Paladin has been in the pre-production and exploration phases, with a focus on the LHM Restart Project and the recommencement of fieldwork at the Michelin Project in Labrador, Canada. Paladin has committed to implement the following pre-production goals during this phase, and will continue to meet these targets, as appropriate, once in production and as exploration activity increases.
As Paladin commences production at the LHM during FY2024, additional ESG Goals will become relevant and applicable. Paladin commits to developing and implementing the following production goals once the Langer Heinrich Mine commences production.
2023 Sustainability Report
Paladin remains fully committed to a globally accredited Environmental, Social and Governance (ESG) framework that represents best practice, sets standards of organisational behaviour and holds us firmly accountable.
Uranium, Nuclear Power, and Decarbonisation
Global electricity demand is increasing, driven by rapid technology adoption, transportation electrification in advanced economies and rising standards of living in emerging economies. Increasing electricity demand, coupled with the targets set for reduced GHG emissions, is driving the demand for low-carbon electricity sources.
Lifecycle GHG emissions for different energy sources and technologies shows nuclear power to have an incredibly low GHG emissions intensity, comparable with renewable sources, such as wind, hydro and solar and up to 100 times lower than coal. Nuclear power is the most efficient, effective and reliable energy source, with availability up to three times that of wind and solar.
Nuclear power plants produce no greenhouse gas emissions during operation, and per unit of electricity, nuclear produces about the same amount of carbon dioxide equivalent emissions as wind, and one third of the emissions produced by solar.
Geopolitical events and increasingly urgent decarbonisation measures are amplifying pressures for change in global energy markets. The role of nuclear power in providing energy security and combatting global warming is becoming increasingly important.
World Nuclear Power Facts:
10% of global electricity generation
20% of United States electricity generation
2nd largest source of global clean energy with almost zero carbon emissions
436 reactors in operation in 31 countries
60 reactors under construction in 17 countries
Source: World Nuclear Association (WNA)
