Wheaton Precious Metals
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 33 is higher than 86% 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 2023, Wheaton Precious Metals reported total carbon emissions of approximately 1,014,150 kg CO2e, with significant contributions from Scope 3 emissions, particularly in business travel (958,370 kg CO2e) and employee commuting (16,190 kg CO2e). The company also recorded Scope 2 emissions of about 38,590 kg CO2e. Wheaton Precious Metals has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and 2 emissions by 50% by 2030 from a 2018 baseline. This target aligns with the Science Based Targets initiative (SBTi) and is designed to support global efforts to limit temperature rise to 1.5°C. Additionally, the company has committed to measuring and reducing its Scope 3 emissions, reflecting a comprehensive approach to its carbon footprint. In previous years, Wheaton's Scope 2 emissions were reported at approximately 32,030 kg CO2e in 2022 and 35,100 kg CO2e in 2021, indicating a focus on improving energy efficiency and reducing reliance on fossil fuels. The company is on track to meet its near-term reduction targets, which include a 27% reduction in Scope 1 and 2 emissions by 2025 from a 2010 base year. Overall, Wheaton Precious Metals is actively working towards significant emissions reductions, demonstrating a commitment to sustainability and climate responsibility within the mining sector.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - | - |
| Scope 2 | 26,050 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 3 | 236,670 | 000,000 | 000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Wheaton Precious Metals is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
