REG - Wheaton Precious Met - 2022 Sustainability Report

Wheaton Precious MetalsAnnouncement

15/05/2023 16:30

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RNS Number : 4683Z  Wheaton Precious Metals Corp.  15 May 2023

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 2050(1) 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.

·    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: info@wheatonpm.com (mailto:info@wheatonpm.com)

Website: www.wheatonpm.com (http://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 "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.

 

 

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