This is especially relevant where fuels are mainly sold in large spot markets and not contracted directly.
For this reason, we are working with our industry peers to develop joint standards, both in conjunction with regulatory developments, and on a purely voluntary basis.
Uranium Stewardship Initiative
Together with the World Nuclear Association, we worked within the Uranium Stewardship programme to define 11 principles for managing radiation, health and safety, and environmental issues.
The resulting joint policy document, 'Sustaining Global Best Practices in Uranium Mining and Processing', aims at sustaining best practice and promoting it among new participants in the uranium supply chain. The policy document is supported by an audit checklist for joint audits of mines.
Vattenfall, together with its peers in the European energy sector, has taken a similar initiative to improve corporate responsibility in the hard coal supply chain.
Vattenfall is currently an active member of the World Nuclear Association initiative "Corporate Social Responsibility at Mining and Other Fuel Cycle Facilities".
Visit Uranium Stewardship Initiative's website
The Bettercoal initiative
Vattenfall is a founding member of the Bettercoal initiative, which is a global not-for-profit initiative established by the largest European energy utilities. The aim is to improve corporate responsibility in the coal supply chain, with a specific focus on the mines themselves.
The Bettercoal vision is a coal supply chain that protects the environment, respects the rights of people and contributes positively to the livelihoods of workers and communities. The mission of Bettercoal is to advance the continuous improvement of the ethical, social and environmental performance of coal mines by improving business practices through engagement with stakeholders and based on a shared set of globally recognised principles.
Through our membership we have committed to implementing the Bettercoal tools and mission into our supply chain management. This way we aim to contribute the continuous improvement of the sustainability performance of coal mines.
Learn more about the Bettercoal initiative
The Sustainable Biomass Partnership initiative
Vattenfall is a founding member of the Sustainable Biomass Partnership (SBP). It is an industry-led initiative formed in 2013 by European energy utilities that use biomass, mostly in the form of wood pellets, in large thermal power plants.
The objective of SBP is to develop and maintain an industry standard to ensure that solid biomass used for energy production complies with regulations on sustainability and biomass legality in EU countries.
The initiative's vision is an economically, environmentally and socially sustainable solid biomass supply chain that contributes to a low carbon economy.
Learn more about the Sustainable Biomass Partnership initiative