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Wheaton Precious Metals Corp., commonly referred to as Wheaton, is a leading player in the precious metals industry, headquartered in Vancouver, Canada. Founded in 2007, the company has established itself as a premier streaming and royalty company, primarily focusing on gold and silver. With significant operations across North America, South America, and Europe, Wheaton has built a robust portfolio of high-quality assets.
Wheaton's unique business model allows it to provide upfront capital to mining companies in exchange for a percentage of their future production, ensuring a steady stream of revenue while minimising operational risks. The company has achieved notable milestones, including a strong market position as one of the largest precious metals streaming companies globally, recognised for its commitment to sustainable practices and responsible mining.
+19 vs industry average
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.
Precious Metal Production is among the most carbon-intensive industries
The Precious Metal Production industry has reduced its overall emissions by 32% since 2018
Scope 3 accounts for ••• of total emissions.
Wheaton Precious Metals, headquartered in Canada, reported Scope 2 emissions of 93,100 kg CO2e for 2024. Their Scope 3 emissions for the same year included approximately 925,780 kg CO2e from business travel and 17,000 kg CO2e from employee commute. Data for Scope 1 emissions and Scope 3 purchased goods and services were not disclosed for 2024.
Looking back, in 2023, their Scope 2 emissions were around 97,600 kg CO2e, with Scope 3 business travel at 958,670 kg CO2e and employee commute at 16,200 kg CO2e. For 2022, Scope 2 emissions were 84,900 kg CO2e, and Scope 3 business travel and employee commute were 672,040 kg CO2e and 16,100 kg CO2e, respectively.
Wheaton Precious Metals has made several climate commitments. They aim to achieve net-zero carbon emissions by 2050, including setting targets for both Scope 2 and attributable Scope 3 emissions aligned with a 1.5°C trajectory. The company has also committed to near-term absolute reduction targets, approved by the Science Based Targets initiative (SBTi) as consistent with a 1.5°C pathway for small and medium-sized enterprises (SMEs). Specifically, Wheaton Precious Metals commits to reducing Scope 1 and Scope 2 greenhouse gas emissions by 50% by 2030 from a 2018 base year. They also state a commitment to measure and reduce their Scope 3 emissions. Additionally, a document-derived target indicates a 50% reduction in Scope 2 emissions by 2030 from a 2018 baseline.
2030
50% reduction in Scope 2
Wheaton Precious Metals Corp. commits to reduce scope 2 GHG emissions 50% by 2030 from a 2018 base year.
2030
50% reduction in Scope 1
Wheaton Precious Metals Corp. commits to reduce scope 1 GHG emissions 50% by 2030 from a 2018 base year.
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Common questions about Wheaton Precious Metals’s sustainability data and climate commitments
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