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 33 is higher than 61% 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 2023, Wheaton Precious Metals, headquartered in Canada, reported total Scope 2 emissions of approximately 38,590 kg CO2e. Additionally, their Scope 3 emissions included about 958,370 kg CO2e from business travel and approximately 974,560 kg CO2e from employee commuting. The company 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. This target is part of their Science Based Targets initiative (SBTi) commitments, which also include measuring and reducing Scope 3 emissions. Wheaton Precious Metals has also established a near-term target to reduce absolute Scope 1 and 2 emissions by 32% by 2030 from a 2018 base year. Furthermore, they aim for a 27% reduction in absolute Scope 1 and 2 emissions by 2025 from a 2010 baseline. These initiatives reflect the company's commitment to aligning with industry standards for climate action and reducing their overall carbon footprint.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| 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
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.
