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"At Wheaton, we have a strong belief in being an agent of change which means leading with our values and working to commit to the highest standards in all facets of ESG," said
"Our latest report details Wheaton's formal ESG strategy developed this past year that includes several new initiatives, particularly a commitment to achieve net zero carbon emissions by 2050, alongside other long-standing, established goals," said
Highlights outlined in the report include the following:
- Establishment of a formal ESG strategy with targets and commitments across several material ESG topics
- Set formal commitment to achieve net zero carbon emissions by 20501. This includes the establishment of targets across both Scope 2 and Scope 3 attributable emissions to support a 1.5° C trajectory.
- Conducted climate scenario analysis of both a business-as-usual and net zero scenario to identify physical and transitional climate risks and opportunities.
- Inaugural reporting of our Scope 3 financed emissions associated with our mining partners, including disclosing the detailed methodology developed to calculate these emissions.
- Made an initial
$4M commitment to support our mining partners' efforts to move to renewable energy sources and reduce emissions at the mines in which we have an interest (becoming the first metals streaming company to do so). - Distributed over
$6.2 million in 2021 in support of over 100 charitable causes and initiatives around the world. - Surpassed the
$32 million mark in contributions to local charities and mining communities since inception of the Community Investment Program in 2009. - As announced at our recent Annual General Meeting, Wheaton now has 30% female Board members, achieving our 2024 target two years early.
Wheaton is rated #1 for
Information and data in Wheaton's 2021 Sustainability Report was informed by the
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1 | Net zero includes emissions reductions in line with a 1.5 trajectory across Scopes 1, 2 and 3. Achievement of net zero may include the use of offsets for residual emissions in 2050. |
This press release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation concerning the business, operations and financial performance of Wheaton and, in some instances, the business, mining operations and performance of Wheaton's precious metals purchase agreement ("PMPA") counterparties. Forward-looking statements, which are all statements other than statements of historical fact, include, but are not limited to Wheaton's climate change and environmental commitments, the future price of commodities, the estimation of future production from mineral stream interests owned by Wheaton (the "Mining Operations") (including in the estimation of production, mill throughput, grades, recoveries and exploration potential), the estimation of mineral reserves and mineral resources (including the estimation of reserve conversion rates) and the realization of such estimations and the commencement, timing and achievement of construction, expansion or improvement projects by Wheaton's PMPA counterparties at Mining Operations. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "projects", "intends", "anticipates" or "does not anticipate", or "believes", "potential", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Wheaton to be materially different from those expressed or implied by such forward-looking statements, including but not limited to risks associated with the ability to achieve climate change and environmental commitments at Wheaton and at the Mining Operations, fluctuations in the price of commodities (including Wheaton's ability to sell its precious metals or cobalt production at acceptable prices or at all), the Mining Operations (including fluctuations in the price of the primary or other commodities mined at such operations, regulatory, political and other risks of the jurisdictions in which the Mining Operations are located, actual results of mining, risks associated with the exploration, development, operating, expansion and improvement of the Mining Operations, environmental and economic risks of the Mining Operations, and changes in project parameters as plans continue to be refined), and other risks discussed in the section entitled "Description of the Business – Risk Factors" in Wheaton's Annual Information Form available on SEDAR at www.sedar.com, and in Wheaton's Form 40-F for the year ended
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