Wheaton Precious Metals
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.
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.
Industry Benchmark
Wheaton Precious Metals's score of 28 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Wheaton Precious Metals's reported carbon emissions
In 2023, Wheaton Precious Metals reported carbon emissions of approximately 38,590 kg CO2e from Scope 2 and about 958,370 kg CO2e from Scope 3, specifically related to business travel. The company has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 greenhouse gas emissions by 50% by 2030, using 2018 as the baseline year. This target has been validated by the Science Based Targets initiative (SBTi) and aligns with the necessary reductions to limit global warming to 1.5°C. In previous years, Wheaton's emissions have varied, with Scope 2 emissions recorded at about 26,050 kg CO2e in 2017, increasing to approximately 39,080 kg CO2e in 2019 and 35,100 kg CO2e in 2021. The company has also reported significant Scope 3 emissions, including business travel and employee commuting, which reached about 524,020 kg CO2e in 2019 and 69290 kg CO2e in 2021. Wheaton Precious Metals is committed to measuring and reducing its Scope 3 emissions, reflecting a comprehensive approach to climate action within the mining sector. The company's headquarters is located in Canada, and it operates within the precious metals and gems industry, which is increasingly focused on sustainability and reducing carbon footprints.
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Add to project| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - | - |
| Scope 2 | 26,050 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 3 | 236,670 | 000,000 | 0,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000 |
Industry emissions intensity
Location emissions intensity
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 committed to some reduction initiatives 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.
