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.
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
Media Contact
Simona Antolak
Vice President, Communications &
Corporate Affairs
Tel: 604-639-9870
Email: 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).