Wheaton Precious Metals

Wheaton Precious Metals (CA) has demonstrated a commitment to reducing its environmental impact within the precious metals industry.

For the reporting year 2024, the company reported Scope 2 emissions of approximately 93,100 kg CO2e and Scope 3 emissions totalling approximately 942,780 kg CO2e, primarily from business travel and employee commute. In 2023, Scope 2 emissions were around 97,600 kg CO2e, with Scope 3 emissions reaching approximately 974,870 kg CO2e. The previous year, 2022, saw Scope 2 emissions at approximately 84,900 kg CO2e and Scope 3 emissions at roughly 688,140 kg CO2e. In 2021, Scope 2 emissions were reported at approximately 35,100 kg CO2e, and Scope 3 emissions totalled approximately 703,950 kg CO2e. Prior to this, in 2020, Scope 2 emissions were approximately 33,820 kg CO2e, with Scope 3 emissions at around 204,360 kg CO2e. In 2019, Scope 2 emissions were approximately 39,080 kg CO2e and Scope 3 emissions from business travel were around 524,020 kg CO2e. For 2018, Scope 2 emissions stood at approximately 81,600 kg CO2e, with no Scope 3 data disclosed for that year. In 2017, Scope 2 emissions were approximately 26,050 kg CO2e, and Scope 3 emissions were around 233,780 kg CO2e.

Wheaton Precious Metals has established ambitious climate targets. The company is committed to achieving net-zero carbon emissions by 2050, encompassing both Scope 2 and Scope 3 attributable emissions to support a 1.5°C trajectory. Furthermore, they aim to reduce absolute Scope 1 and 2 GHG emissions by 50% by 2030, using a 2018 baseline. They also have a target to reduce Scope 2 emissions by 50% by 2030 from a 2018 baseline. The company is also working towards reducing absolute Scope 1 and 2 GHG emissions by 32% by 2030 from a 2018 base year, and has a target to reduce absolute Scope 1 and 2 GHG emissions by 27% by 2025 from a 2010 base year. Their Scope 1 and Scope 2 targets have been validated by the Science Based Targets initiative (SBTi) as consistent with reductions required to keep warming to 1.5°C.