Wheaton Precious Metals Advances ESG Integration and Climate Strategy in 2024 Reports
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 published its 2024 Sustainability and Climate Change Reports, showcasing substantial advancements in environmental, social, and governance integration and climate risk management. The reports reveal the company's strategic approach to sustainable mining practices and its significant impact on global communities. The company received top-tier ESG ratings from prominent evaluation organizations including Sustainalytics, MSCI, and ISS. Additionally, Wheaton was recognized on Corporate Knights' 2025 Global 100 and Canada's Best 50 list, underscoring its commitment to sustainable business practices.
In 2024, Wheaton implemented rigorous ESG screening for all new streaming deals, ensuring 100% of new partnerships met stringent sustainability criteria. Furthermore, 99% of the company's production originated from mines aligned with the Global Industry Standard on Tailings Management, demonstrating a comprehensive approach to responsible resource extraction. The company's social impact is notable, with over $8.5 million contributed to global causes. Significantly, $6 million was directly allocated to partner site communities, highlighting Wheaton's commitment to supporting local economies and social development.
The Climate Change Report provides critical insights into the company's environmental strategy. A key achievement is that 86% of financed emissions now have science-aligned targets. The report is also structured to align with the International Sustainability Standards Board's new S2 standard, reflecting Wheaton's dedication to transparent and comprehensive sustainability reporting. These reports represent more than a compliance exercise; they demonstrate Wheaton Precious Metals' proactive approach to integrating sustainability into its core business model. By prioritizing ESG principles, the company is positioning itself as a leader in responsible mining and setting a benchmark for environmental stewardship in the precious metals industry.
Curated from InvestorBrandNetwork (IBN)
