Wheaton Precious Metals

Wheaton Precious Metals's reported carbon emissions

Wheaton Precious Metals, headquartered in Canada, is a prominent player in the precious metals industry. The company has established a commitment to achieve net-zero carbon emissions by 2050, with targets set for both Scope 2 and Scope 3 attributable emissions to align with a 1.5°C trajectory. For the reporting year 2024, Wheaton Precious Metals reported total Scope 2 emissions of approximately 93,100 kg CO2e. Scope 3 emissions for the same period included about 925,780 kg CO2e from business travel and approximately 17,000 kg CO2e from employee commutes. In 2023, the company's Scope 2 emissions were approximately 97,600 kg CO2e. Their Scope 3 emissions comprised around 958,670 kg CO2e for business travel and about 16,200 kg CO2e for employee commutes. Looking at previous years, Scope 2 emissions in 2022 were approximately 84,900 kg CO2e, with Scope 3 emissions totalling about 672,040 kg CO2e from business travel and 16,100 kg CO2e from employee commutes. In 2021, Scope 2 emissions were around 35,100 kg CO2e, and Scope 3 emissions included approximately 69,290 kg CO2e for business travel and 11,050 kg CO2e for employee commutes. Wheaton Precious Metals has set several reduction targets, including a commitment to reduce absolute Scope 1 and 2 GHG emissions by 32% by 2030, using a 2018 baseline. They also aim to reduce Scope 2 emissions by 50% by 2030, again from a 2018 baseline. These targets are part of their commitment to Science Based Targets initiative (SBTi), which has approved their goal to reduce Scope 1 and Scope 2 GHG emissions by 50% by 2030 from a 2018 base year and to measure and reduce their Scope 3 emissions. The company's SBTi targets are classified as 1.5°C aligned.