Carbon Neutral Company

Carbon Neutral Company logo

Wheaton Precious Metals recognizes the importance of taking action on climate change and we are committed to tracking and reducing our carbon footprint. We are proud to be a carbon neutral company. Since 2013, as part of the Carbon Disclosure Project, we have measured our total greenhouse gas emissions and reduced them where possible. In 2016, we began offsetting the difference through Offsetters, Canada’s leading carbon management solutions provider. We have contributed to projects that prevent the equivalent amount of emissions from entering the atmosphere.

In 2017, for the second year in a row, we contributed to the Lara Ceramic Fuel Switching Project, which enables a ceramic plant to switch from using local native firewood to biomass. The project is located in Brazil, where our largest stream, Salobo, is also located. By using waste biomass as fuel for the kilns, as opposed to the unsustainably harvested wood from nearby forests, the project has reduced annual operating emissions by approximately 10,000 tCO2e, relative to the baseline. Beyond the direct climate benefits, the project contributes directly to the local community through increased job opportunities and helps to conserve the local forest. We are proud to contribute to a portion of this project alongside other organizations that make the project possible.

The table below summarizes our combined Scope 2 location-based emissions data for both the Vancouver and Cayman Islands office. As an office-based company, Wheaton Precious Metals does not have Scope 1 emission activities or sources within the company’s operational control to report. With regard to Scope 2 market-based emissions, we have no operations where we are able to access electricity supplier emissions factors or residual emissions factors and are unable to report a Scope 2, market-based figure.

Scope 2 Emissions Data (location-based)

Periods Emissions (metric tonnes CO2e)
Jan 1, 2016 - Dec 31, 2016 27.1
Jan 1, 2015 - Dec 31, 2015 35.3
Jan 1, 2014 - Dec 31, 2014 38.6
Jan 1, 2013 - Dec 31, 2013 35.4

Please visit the Carbon Disclosure Project website for more information and to view Wheaton Precious Metals’ full response.