Wheaton Precious Metals Publishes 2023 Sustainability Report
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May 23, 2024
Vancouver, British Columbia
Wheaton Precious Metals Publishes 2023 Sustainability Report
Vancouver, British Columbia – Wheaton Precious Metals ™ Corp. (“Wheaton” or the “Company”) is
pleased to announce the publication of its 2023 Sustainability Report (the “Report”).
“Our 2023 Sustainability Report outlines Wheaton’s commitment to embed ESG considerations in our
decision-making processes and business operations, by upholding industry -leading best practices and
focusing on investing in communities to drive positive outcomes, ” said Randy Smallwood, Wheaton’s
President and Chief Executive Officer. “The mining industry is critical to a low -carbon future and socio-
economic development, and our precious metals streaming model plays an integral role by providing
capital to companies who demonstrate responsible mining practices. At Wheaton, we remain committed
to enhancing the sustainability of our industry with a focus on creating lasting value for all stakeholders.”
Report Highlights
The Report is a comprehensive review of Wheaton’s performance in environmental, social and
governance (“ESG”) topics. The report includes progress updates on Wheaton’s ESG strategy, targets
and commitments as well as a description of oversight of ESG topics at Wheaton.
2023 performance highlights include:
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.
• Recognized among Corporate Knights' 2024 100 most sustainable corporations in the world.
• Recognized as Best Company for ESG & Sustainability (Metals & Mining) and runner-up for Best
Company for Climate Reporting (Large Cap) by ESG Investing's Corporate ESG Awards.
Environment:
• 90% of 2022 Scope 3 financed emissions covered by emissions reductions targets aligned to 2°C
or less, an increase of 22% from the previous year.
Diversity, Equity and Inclusion:
• 44% of employees are women with increased representation at the management level achieved
in 2023.
• 50% of board members represent a diverse background (including women and visible minorities
combined).
Community Investment Program:
• Over US$6.9 million contributed to over 100 charitable causes and initiatives globally in 2023.
• Over US$45 million in contributions since inception of the program in 2009.
Investment Decisions and Due Diligence:
• The evolution of the role of Senior Vice President of Sustainability to that of Chief Sustainability
Officer (CSO) with greater oversight over ESG due diligence.
• 100% of new streaming agreements in 2023 screened for ESG issues and risks.
• 80% of Wheaton’s operating mining partners are committed to implementing the Global Industry
Standard on Tailings Management, representing 97% of attributable 2023 production.
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Information and data in Wheaton’s 202 3 Sustainability Report w ere informed by the Sustainability
Accounting Standards Board (“SASB”), Global Reporting Initiative (“GRI”) and the Task Force on Climate-
Related Financial Disclosures (“TCFD”). The Report also serves as Wheaton’s Communication on
Progress in implementing the 10 Principles of the United Nations Global Compact . A separate TCFD -
aligned Climate Change Report will be released later this year and will include detailed climate -related
disclosures.
To learn more about Wheaton’s sustainability approach and commitments , please visit the website at:
www.wheatonpm.com/Sustainability.
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 typically 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.
For further information:
Investor Contact
Emma Murray
Vice President, Investor Relations
Tel: 1-844-288-9878
Email: [email protected]
Media Contact
Simona Antolak
Vice President, Communications & Corporate Affairs
Tel: 604-639-9870
Email: [email protected]
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 “Description of the Business – Risk Factors” in Wheaton's Annual Information Form
available on SEDAR+ at www.sedarplus.ca and Wheaton's Form 40-F for the year ended December 31,
2023 filed March 28, 2024 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
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the year ended December 31, 2023, available on SEDAR+ and in Wheaton’s Form 6 -K filed March 19,
2024. Forward -looking statements are based on assumptions management currently believes to be
reasonable, including (without limitation) that ESG commitments an d goals at both Wheaton and the
Mining Operations will be achieved, that 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 royalty agreements, and that Wheaton's a pplication of the CRA Settlement
(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 assessment of the impact of the
implementation of a 15% global minimum tax, are accurate and that expectations regarding the resolution
of legal and tax matters will be achieved (including CRA audits involving the Company).