REG - Wheaton Precious Met - 2023 Sustainability Report

Wheaton Precious MetalsAnnouncement

24/05/2024 07:00

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RNS Number : 8145P  Wheaton Precious Metals Corp.  24 May 2024

 
 
May 24, 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 business 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:

·    87% of 2022 Scope 3 financed emissions covered by emissions
reductions targets aligned to 2°C or less, an increase of 19% 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
and Investor Relations 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.

 

Information and data in Wheaton's 2023 Sustainability Report were 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
(http://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: info@wheatonpm.com (mailto:info@wheatonpm.com)

 

Media Contact

Simona Antolak

Vice President, Communications & Corporate Affairs

Tel: 604-639-9870

Email: simona.antolak@wheatonpm.com (mailto:simona.antolak@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.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 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 and 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 application 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).

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