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 74% 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 reported total carbon emissions of approximately 1,016,900 kg CO2e, with Scope 2 emissions accounting for about 93,100 kg CO2e. The company did not report any Scope 1 emissions and identified significant Scope 3 emissions, including about 925,800 kg CO2e from business travel and 17,000 kg CO2e from employee commuting. Wheaton Precious Metals has set ambitious climate commitments, aiming to reduce its Scope 1 and 2 greenhouse gas emissions by 50% by 2030 from a 2018 baseline. Additionally, the company has committed to measuring and reducing its Scope 3 emissions. These targets have been validated by the Science Based Targets initiative (SBTi) and are aligned with the goal of limiting global warming to 1.5°C. In previous years, Wheaton's emissions were as follows: in 2023, total emissions were approximately 254,967,000 kg CO2e, with Scope 2 emissions at about 97,600 kg CO2e and significant Scope 3 emissions of approximately 269,268,000 kg CO2e from investments. In 2022, total emissions were around 248,116,000 kg CO2e, with Scope 2 emissions of about 84,900 kg CO2e. Wheaton's commitment to sustainability is further demonstrated by its goal to reduce absolute Scope 1 and 2 emissions by 27% by 2025 from a 2010 base year. The company is actively working towards these targets, reflecting its dedication to addressing climate change and reducing its carbon footprint.
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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