Columbia International Affairs Online: Policy Briefs

CIAO DATE: 02/2015

Governing Uranium and Nuclear Supply Chains: Why Private Engagement is Needed

November 2014

Danish Institute for International Studies

Abstract

A review of corporate profiles for companies along the nuclear supply chain reveals that a company’s performance in their commitment to non-proliferation is not measured through key indicators, monitored or reported on. Sustainability frameworks and socially responsible investment initiatives even with elaborate industry-specific guidelines have omitted non-proliferation as key issues for companies operating with dual-use materials. This lack of reference to today’s nuclear proliferation concerns seems as unnecessary as it does a contradiction to sustainable best practice and the objective of securing the health, safety and security of future generations. This policy brief by France Bourgouin and Julia Panzer considers the currently shifting centers of uranium production and how incorporating non-proliferation into wider corporate sustainability debates becomes all the more relevant to the maintenance of the international non-proliferation regime. It suggests market mechanisms that can be developed to reward superior non-proliferation performance and how their integration can strengthen industry’s quest to uphold ethically, socially and environmentally responsible practices.