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Public Profile
Salt and Mineral Mining
CA
updated 6 days ago

Wheaton Precious Metals

Company website

Wheaton Precious Metals Corp., commonly referred to as Wheaton, is a leading precious metals streaming company headquartered in Vancouver, Canada. Founded in 2007, Wheaton has established itself as a key player in the mining industry, focusing on the acquisition of precious metal streams from mining operations worldwide, particularly in regions such as North America and South America. Wheaton's unique business model allows it to provide upfront capital to mining companies in exchange for a percentage of their future production, primarily in gold and silver. This innovative approach not only mitigates risk but also positions Wheaton as a low-cost producer in the precious metals market. With a strong portfolio of high-quality assets and a commitment to sustainable practices, Wheaton Precious Metals continues to achieve significant milestones, solidifying its reputation as a trusted partner in the mining sector.

DitchCarbon Score

How does Wheaton Precious Metals's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.

33

Industry Average

Mean score of companies in the Salt and Mineral Mining industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.

22

Industry Benchmark

Wheaton Precious Metals's score of 33 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.

62%

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Wheaton Precious Metals's reported carbon emissions

In 2023, Wheaton Precious Metals, headquartered in Canada, reported total carbon emissions of approximately 1,016,520 kg CO2e. This figure includes 38,590 kg CO2e from Scope 2 emissions and significant contributions from Scope 3 emissions, with 958,370 kg CO2e attributed to business travel and 974,560 kg CO2e from employee commuting. Wheaton Precious Metals has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 greenhouse gas emissions by 50% by 2030, using a 2018 baseline. Additionally, the company targets a 32% reduction in absolute Scope 1 and 2 emissions by 2030 from the same baseline. For the near term, Wheaton aims for a 27% reduction by 2025 from a 2010 baseline. These targets have been validated by the Science Based Targets initiative (SBTi), aligning with the goal of limiting global warming to 1.5°C. The company has not disclosed any Scope 1 emissions data, focusing instead on its Scope 2 and 3 emissions. The commitment to measure and reduce Scope 3 emissions further underscores Wheaton's dedication to comprehensive climate action.

Unlock detailed emissions data

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201820192020202120222023
Scope 1
-
-
-
-
-
-
Scope 2
38,520
00,000
00,000
00,000
00,000
00,000
Scope 3
514,780
000,000
000,000,000
000,000,000
000,000,000
0,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Wheaton Precious Metals's primary industry is Chemical and fertilizer minerals, salt and other mining and quarrying products n.e.c., which is low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Wheaton Precious Metals is in CA, which has a low grid carbon intensity relative to other regions.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

Wheaton Precious Metals is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

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