Wheaton Precious Metals Advances Sustainability Efforts with Comprehensive ESG Reporting
TL;DR
Wheaton Precious Metals achieves top ESG ratings and lists on global and Canada's best 50, signaling strong sustainable performance.
Wheaton Precious Metals' 2024 Sustainability and Climate Change Reports detail ESG integration, climate risk management, and stakeholder impact.
Wheaton Precious Metals contributes over $8.5 million to global causes, with $6 million directed to partner site communities, fostering positive social impact.
86% of financed emissions from Wheaton Precious Metals have science-aligned targets, demonstrating commitment to sustainability and innovation.
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Wheaton Precious Metals has highlighted its robust commitment to sustainability through its 2024 Sustainability and Climate Change Reports, showcasing significant advancements in environmental, social, and governance (ESG) performance. The company received top-tier ESG ratings from multiple independent evaluation firms, including Sustainalytics, MSCI, and ISS, while also being recognized on Corporate Knights' 2025 Global 100 and Canada's Best 50 list.
The reports reveal several key achievements, including a comprehensive ESG screening of all new streaming deals in 2024. Notably, 99% of the company's production originated from mines aligned with the Global Industry Standard on Tailings Management, indicating a strong commitment to responsible mining practices.
In terms of community engagement, Wheaton contributed over $8.5 million to global causes, with $6 million directed specifically to partner site communities. This demonstrates the company's dedication to supporting local economies and social development in regions where it operates.
A critical aspect of the Climate Change Report is the company's emissions management strategy. Approximately 86% of financed emissions now have science-aligned targets, aligning with the International Sustainability Standards Board's (ISSB) new S2 standard. This approach indicates Wheaton's proactive stance on addressing climate-related risks and transitioning towards more sustainable business practices.
These comprehensive reports underscore Wheaton Precious Metals' strategic approach to integrating ESG principles into its core business model, potentially setting a benchmark for responsible practices in the precious metals streaming industry.
Curated from InvestorBrandNetwork (IBN)
