Our Approach to Sustainability

At Wheaton, we have a strong belief and conviction in being Agents of Change and drivers of responsible mining. When providing funding solutions, we believe it is our duty to ensure that we partner with mine operators that share our values and belief in good environmental stewardship and social responsibility.

We also believe in leading by example. Over the years, we have demonstrated a strong and sustained commitment to responsible business. Our commitments and approach are summarized through our comprehensive ESG policies and ESG strategy.

Sustainability in numbers

40%

Female Board Members

87%

of 2022 Scope 3 financed emissions covered by emissions reduction targets aligned with 2°C warming or less

US$45M

contributed to community investment programs since 2009

100%

of new streaming agreements screened for ESG issues and risks

44%

Female employees

28%

of Wheaton’s management team (Executive & VPs) are women

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Our Environment

Wheaton Precious Metals is committed to the protection of the environment for present and future generations. As a company that operates within the mining industry, but neither owns nor operates any mines, our goal is to minimize our direct and indirect impacts on the environment, through the way in which we conduct our own business and manage our offices, and in the ways that we manage our relationships with our mining partners. In 2022, Wheaton announced its commitment to net zero carbon emissions by 2050.

Our Approach to Environment

Our People

Wheaton’s business is operated by fewer than 45 employees across two offices. Wheaton is committed to retaining a highly-skilled, diverse, and engaged workforce and developing and investing in its employees.

Our Approach to People

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Our Communities

Social responsibility is, and always has been, an important aspect of Wheaton’s business. Wherever Wheaton, or its Mining Partners, work it is committed to helping build healthy, vibrant communities. Through its Community Investment Program, Wheaton dedicates a portion of net income to charitable organizations and initiatives that help improve and strengthen communities both locally and internationally.

Our Approach to Community

Our Investment and Streaming Decisions

Wheaton generates revenue by entering into streaming agreements with third party independent mining companies (“Third-Party Operators”) with operating mines as well as exploration and development-stage mining projects.

Although Wheaton is not involved in nor has control over the operational decisions of Mining Partners, the Company can still be indirectly exposed to ESG and other risks arising from these mine projects. For this reason, Wheaton investigates and reviews ESG risks and issues prior to entering into a streaming agreement, and continuously monitors ESG issues once a streaming agreement is in place. Wheaton also aims to positively influence the mining industry and is committed to support its Mining Partners to improve their ESG performance.

Our Approach to Investment and Streaming Decisions

Recognition

Sustainability Reports

ESG News Feed