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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.
+23 vs industry average
Wheaton Precious Metals’s score of 36 is higher than 64% 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, a Canadian precious metals company, reported its 2024 Scope 2 emissions at 93,100 kg CO2e. In the same year, its Scope 3 emissions from business travel and employee commute totalled approximately 925,780 kg CO2e and 17,000 kg CO2e, respectively. Notably, there was no Scope 1 emissions data available for 2024.
Looking back, in 2023, the company's Scope 2 emissions were 97,600 kg CO2e. Scope 3 emissions for 2023 included approximately 750,597,000 kg CO2e from investments, 958,670 kg CO2e from business travel, and 16,200 kg CO2e from employee commute.
Wheaton Precious Metals has set ambitious climate commitments, including a formal pledge to achieve net-zero carbon emissions by 2050, encompassing all Scope 1, Scope 2, and Scope 3 emissions. This long-term commitment is supported by near-term Science Based Targets initiative (SBTi) approved targets. The company aims to reduce its Scope 1 and Scope 2 GHG emissions by 50% by 2030, using a 2018 base year. This target is consistent with reductions required to limit global warming to 1.5°C. Additionally, the company has a specific target to reduce Scope 2 emissions by 50% by 2030 from a 2018 baseline. They also commit to measuring and reducing their Scope 3 emissions.
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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