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 35 is higher than 64% 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 Scope 2 emissions of approximately 93,100 kg CO2e and Scope 3 emissions from employee commuting amounting to about 942,800 kg CO2e. The company has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 greenhouse gas emissions by 50% by 2030 from a 2018 baseline. Additionally, Wheaton Precious Metals is committed to reducing its absolute Scope 1 and 2 emissions by 32% by 2030 and 27% by 2025, both from 2018 and 2010 baselines, respectively. The company has also acknowledged the need to measure and reduce its Scope 3 emissions, which include significant contributions from investments and employee commuting. In 2023, Wheaton reported Scope 3 emissions from investments at approximately 254,967,000 kg CO2e, highlighting the importance of addressing indirect emissions in their overall climate strategy. Wheaton Precious Metals' targets have been validated through the Science Based Targets initiative (SBTi), ensuring alignment with global climate goals to limit warming to 1.5°C. The company is actively working towards these targets, reflecting its commitment to sustainability and responsible mining practices.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| 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 | 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 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.
