Wheaton Precious Metals

Wheaton Precious Metals, headquartered in Canada, is committed to ambitious climate action within the precious metals sector. The company has set a formal commitment to achieve net-zero carbon emissions by 2050, with targets designed to support a 1.5°C trajectory across both Scope 2 and Scope 3 emissions.

For its most recent reporting year, 2024, Wheaton Precious Metals reported Scope 2 emissions of approximately 93,100 kg CO2e. Scope 3 emissions for the same year included about 925,780 kg CO2e from business travel and approximately 17,000 kg CO2e from employee commutes.

In 2023, Scope 2 emissions were approximately 97,600 kg CO2e, with Scope 3 emissions totalling about 958,670 kg CO2e for business travel and 16,200 kg CO2e for employee commutes. Previous years also show similar Scope 2 and Scope 3 emissions figures, with Scope 1 emissions data not yet available.

Wheaton Precious Metals has established several key reduction targets:

• A commitment to reduce absolute Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 50% by 2030, using a 2018 baseline. This target is recognised by the Science Based Targets initiative (SBTi) as being consistent with reductions required to keep warming to 1.5°C.
• A target to reduce Scope 2 emissions by 50% by 2030 from a 2018 baseline.
• There are also noted targets to reduce absolute Scope 1 and 2 GHG emissions by 32% by 2030 from a 2018 base year, and by 33% by 2030 from a 2017 baseline.
• An earlier target aimed for a 27% reduction in absolute Scope 1 and 2 GHG emissions by 2025, from a 2010 base year.

The company is also committed to measuring and reducing its Scope 3 emissions as part of its SBTi-approved targets. Wheaton Precious Metals is classified as a Small or Medium-sized Enterprise (SME) by SBTi, and its targets have been approved via a streamlined validation route.