Wheaton Precious Metals Publishes 2022 Sustainability Report Highlighting Commitment to Progress
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May 15, 2023
Vancouver, British Columbia
Wheaton Precious Metals Publishes
2022 Sustainability Report Highlighting Commitment to Progress
Vancouver, British Columbia – Wheaton Precious Metals™ Corp. (“Wheaton” or the “Company”)
is pleased to announce the publication of its 2022 Sustainability Report (the “report”).
“At Wheaton, we recognize the responsibility we have to positively contribute to our communities
and support industry best practices in ESG,” said Randy Smallwood, Wheaton’s President and
Chief Executive Officer. “ We believe that sustainability is a journey that requires an unwavering
commitment to progress, and we can only succeed by doing this together. I am incredibly proud
of Wheaton’s performance and continued leadership in ESG.”
Report Highlights
The 2022 report is a comprehensive review of Wheaton’s performance in environmental, social
and governance (“ESG”) topics including:
ESG Strategy & Governance:
• Progress updates on Wheaton’s ESG strategy, targets and commitments.
• Updated materiality assessment using a ‘double materiality’ approach.
• Established a sustainability linked element in connection with the revolving credit facility.
Environment:
• Expanded information on the pathway to achieve net zero carbon emissions by 20501 and
progress to date on this topic, with a focus on Scope 3 financed emissions.
• 68% of 2021 Scope 3 financed emissions covered by emissions reductions targets aligned
to 2°C or less.
Diversity, Equity and Inclusion:
• Achieved target of 30% female Board members two years early.
• Set a new goal to increase the percentage of gender diversity and visible minorities at
Wheaton, inclusive of leadership, and advance diversity and inclusion initiatives.
Community Investment Program:
• Over $5.9 million distributed throughout the year in support of over 100 charitable causes
and initiatives around the world.
• Over $38 million in contributions to local charities and mining communities since inception
of the Community Investment Program in 2009.
Investment Decisions and Due Diligence:
• 100% of new streaming agreements in 2022 screened for ESG issues and risks.
• 85% of Wheaton’s mining partners are committed to implementing one or more industry
sustainability standards, representing 89% of attributable 2022 production.
Recognition:
• ‘ESG Industry Top-Rated’ in precious metals and ‘ESG Global 50 Top Rated’ out of over
15,000 multi-sector companies by Sustainalytics, ‘AA’ rated by MSCI and ‘Prime’ rated by
ISS.
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• Recognized as one of the Best 50 Corporate Citizens in Canada by Corporate Knights.
• Achieved a B score on CDP’s Climate Change Questionnaire.
Information and data in Wheaton’s 2022 Sustainability Report was informed by the Sustainability
Accounting Standards Board (“SASB”), Global Reporting Initiative (“GRI”) and the Task Force on
Climate-Related Financial Disclosures ( “TCFD”). A separate TCFD -aligned Climate Change
Report will be released later this year and will include detailed climate-related disclosures.
About Wheaton Precious Metals Corp.
Wheaton Precious Metals is the world’s premier precious metals streaming company with the
highest-quality portfolio of long-life, low-cost assets. Its business model offers investors leverage
to commodity prices and exploration upside but with a much lower risk profile than a traditional
mining company. Wheaton delivers amongst the highest cash operating margins in the mining
industry, allowing it to pay a competitive dividend and continue to grow through accretive
acquisitions. As a result, Wheaton has consistently outperformed gold and silver, as well as other
mining investments. Wheaton is committed to strong ESG practices and giving back to the
communities where Wheaton and its mining partners operate. Wheaton creates sustainable value
through streaming.
Endnotes
1 Net zero includes emissions reductions in line with a 1.5°C trajectory across Scopes 1, 2 and 3.
Achievement of net zero may include the use of offsets for residual emissions in 2050.
For further information, please contact:
Patrick Drouin
Senior Vice President, Sustainability and Investor Relations
Simona Antolak
Senior Director, Communications and Corporate Affairs
Wheaton Precious Metals Corp.
Tel: 1-844-288-9878
Email: [email protected]
Website: www.wheatonpm.com
Cautionary Note Regarding Forward Looking-Statements
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. Forward -looking statements, which are all statements other
than statements of historical fact, include, but are not limited to, statements with respect to ESG
commitments by Wheaton and at mineral stream interests currently owned by Wheaton (the
“Mining Operations”) . 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 (without limitation) risks related to climate change,
environmental, social and governance matters, the ability to achieve ESG commitments and goals
at both Wheaton and the Mining Operations and other risks discussed in the section entitled
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“Description of the Business – Risk Factors” in Wheaton's Annual Information Form available on
SEDAR at www.sedar.com and Wheaton's Form 40-F for the year ended December 31, 2022 filed
March 31, 2023 on file with the U.S. Securities and Exchange Commission on EDGAR and the
risks identified under "Risks and Uncertainties" in Wheaton’s Management's Discussion and
Analysis for the year ended December 31, 2022, available on SEDAR and in Wheaton’s Form 6-
K filed March 9, 2023 . Forward -looking statements are based on assumptions management
currently believes to be reasonable, including (without limitation) that ESG commitments and
goals at both Wheaton and the Mining Operations will be achieved , there will be no material
adverse change in the market price of commodities, that estimations of future production from the
Mining Operations and mineral reserves and resources are accurate, that the mining operations
from which Wheaton purchases precious metals will continue to operate, that each party will
satisfy their obligations in accordance with the precious metals purchase agreements, and that
Wheaton's application of the CRA Settlement is accurate (including the Company's assessment
that there will be no material change in the Company's facts or change in law or jurisprudence for
years subsequent to 2010) and possible domestic audits for taxation years subsequent to 2016
and international audits.