Wheaton Precious Metals Sustainability Profile
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 51 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Wheaton Precious Metals's reported carbon emissions
In 2024, Wheaton Precious Metals, headquartered in Canada, reported total emissions of approximately 1,000,900 kg CO2e. This figure includes Scope 2 emissions of about 93,100 kg CO2e and Scope 3 emissions from business travel and employee commuting, amounting to approximately 942,800 kg CO2e. Notably, the company has set ambitious targets to reduce its greenhouse gas emissions, committing to a 50% reduction in Scope 1 and Scope 2 emissions by 2030 from a 2018 baseline. For the year 2023, Wheaton's total emissions were approximately 254,967,000 kg CO2e, with Scope 2 emissions at about 97,600 kg CO2e and significant Scope 3 emissions primarily from investments, which accounted for approximately 269,268,000 kg CO2e. The company aims to achieve a 27% reduction in absolute Scope 1 and 2 emissions by 2025 from a 2010 base year. Wheaton Precious Metals is actively measuring and working to reduce its Scope 3 emissions, aligning its targets with the Science Based Targets initiative (SBTi) to ensure they are consistent with the reductions required to limit global warming to 1.5°C. The company’s commitment reflects a proactive approach to climate change, positioning itself as a responsible player in the mining sector.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - | - | - |
| Scope 2 | - | 00,000 | 00,000 | 00,000 | - | 00,000 | 00,000 | 00,000 |
| Scope 3 | 233,780 | 000,000 | 0,000,000 | 0,000,000 | 000,000 | 000,000,000 | 000,000,000 | 000,000 |
How Carbon Intensive is Wheaton Precious Metals's Industry?
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Wheaton Precious Metals's Scope 3 Categories Breakdown
Wheaton Precious Metals's Scope 3 emissions, which decreased by 100% last year and increased by approximately 303% since 2017, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 98% of Scope 3 emissions.
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Wheaton Precious Metals's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Wheaton Precious Metals has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Wheaton Precious Metals's sustainability data and climate commitments
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