Wheaton strongly believes that promoting responsible mining practices and developing clear roadmaps to equitable and sustainable success is more important than ever. As an industry leader with a mandate to provide value to all stakeholders, our ESG strategy focuses on advancing the material sustainability topics that matter most to our stakeholders, our partners and our business. We consult extensively with stakeholders to identify issues that impact Wheaton, as well as the activities we’re involved in that impact – or have the potential to impact – the environment and society. Our sustainability topics include impacts at the mine-site level, as well as impacts under our direct control.

Building on the targets established in 2022, Wheaton set clear priorities across key environmental, social and governance areas to advance its sustainability strategy. Of the 12 targets identified, eight have been fully achieved, while four remain ongoing. 

This year, informed by the results of our inaugural double materiality assessment, Wheaton has revised its sustainability strategy. We have introduced some new targets for 2026 and refined others as part of our efforts to ensure our targets align to the areas we have the most impact and are specific, measurable and time bound. Some goals have been transitioned out as annual targets, but remain ongoing commitments.

Wheaton’s ESG Strategy

Target Area 2025 Target 2025 Target Status Revised Sustainability Strategy
Community Relations Deploy 1.5% of average net income from prior four years towards community initiatives around Wheaton’s offices and at mining partner communities around mines where we have a precious metals stream met icon Target adjusted to: Deploy 1.5% of average net income1 towards community initiatives around Wheaton’s offices and at mining partner communities, including Indigenous communities, around mines where we have a precious metals stream.
Human Capital Increase the percentage of gender diversity and visible minorities at Wheaton, inclusive of leadership, and advance diversity and inclusion initiatives across the company by 2028 ongoing icon Target adjusted to: Increase the percentage of diversity in leadership at Wheaton and advance diversity and inclusion initiatives across the company by 2028 against a 2022 baseline.2
Help support initiatives to increase diverse representation in the mining industry met icon This target has been transitioned out but the scholarship programs remain an ongoing commitment.
Expand employee engagement and training opportunities met icon Target has been replaced with a new goal: Maintain an employee engagement score above the industry benchmark.3
Human Rights Manage and monitor human rights risks in our direct business and across our mining partners to reduce the risk that human rights are impacted ongoing icon This target has been transitioned out but remains an ongoing commitment.
Health, Safety and Well-Being Equip employees with health, safety and well-being training, tools and resources met icon Target transitioned out and replaced with a new goal: 90% of employees to complete health, safety and/or wellness training (including mental health) annually.
Environment Support the mining industry to decarbonize and implement climate solutions met icon Target has been adjusted to reflect our focus on all areas of environmental impact: Support the mining industry to minimize environmental impacts and implement climate solutions.
Reduce Scope 2 emissions by 50% by 2030 from a 2018 baseline ongoing icon No change to this target.
80% of Scope 3 financed emissions reductions targets aligned to 1.5°C by 2040 ongoing icon Target has been adjusted to be consistent with the measurement of performance: 80% of Scope 3 financed emissions covered by emissions reductions targets aligned to 2°C or less by 2040.
Business Conduct Further align ESG performance with financial incentives met icon This target has been transitioned out.
Establish ongoing training program related to ethics and compliance ongoing icon Target has been replaced with a new goal: 100% of employees to complete Business Ethics annually.
Maintain strong collaborative engagement with mining partners on ESG issues with an aim to proactively monitor risks and enhance positive impacts met icon This target has been transitioned out but remains an ongoing commitment.
ongoing icon

Ongoing

met icon

Met

Notes:

1. The calculation references net income from the prior four years and one forecast year.

2. Diversity and inclusion initiatives include initiatives related to training, accessibility, awareness, celebration and recognition overseen by the Diversity and Leadership committee.

3. Employee engagement will be measured using the Employee Net Promoter Score (eNPS), which provides an overall measure of employee engagement by determining how willing employees are to recommend their workplace. The industry benchmark is the range for financial services firms demonstrating excellent performance provided by Wheaton’s employee experience platform provider.