“At Wheaton Precious Metals, we are committed to promoting responsible mining practices and giving back to the communities where we live and operate. The sustainability of our business and the industry is dependent on it. It is the right thing to do.”
- Randy Smallwood, President & CEO
Wheaton is one of the world’s largest precious metals streaming companies. We serve the mining industry by providing funding solutions to mine operators. It is our responsibility to ensure that we partner with mine operators that share our values and belief in responsible mining. Our values guide every decision we make as a company and as individual employees. Wheaton’s corporate social responsibility (CSR) program is driven by proactive initiatives that are monitored and evaluated to continuously improve our engagement practices.
To further demonstrate our commitment to corporate sustainability, Wheaton joined the United Nations Global Compact in September 2019. As a participant, Wheaton has committed to voluntarily aligning its operations and strategy with the ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption, and to take actions that support broader UN goals, including the Sustainable Development Goals. Additionally, Wheaton is a signatory of the World Gold Council’s Responsible Gold Mining Principles and Conflict-Free Gold Standard.
As part of this commitment, before entering into an agreement with a mine operator, we exercise a thorough Due Diligence Process guided by our Environmental, Social and Governance ("ESG") Investment Principles. The process includes an extensive technical, financial, and economic analysis, and a thorough review of ESG risks. In addition, ongoing due diligence processes are deployed with regard to each asset where the Company has a streaming agreement in place. By addressing ESG factors in our investment decisions, we are able to better manage risks and generate sustainable, long-term value for all of our stakeholders.
Our commitment is driven by core values that define what is important to us and form the foundation for how we operate.
We are guided by our Code of Business Conduct and Ethics at every level of the company. We are honest and accountable in all our business matters and dealings.
Long-term value can only be achieved through sustainable business practices from an economic, social, and environmental perspective.
We believe everyone should go home safe and healthy each and every day, from the employees at our offices to the employees working at our partners’ mine sites.
We approach every aspect of our business with an attitude of respect for each other, the environment, and for the cultural integrity of the communities where we operate.
We take ownership of our decisions and actions. Accountability sets the stage for operational excellence.
We deliver excellence through a disciplined approach focused on value creation.
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