WHEATON PREC. METALS.
SII.XETRA | Activities of holding companies
Wheaton Precious Metals Corp. is a precious metals streaming company. It has agreements to purchase all or a portion of the precious metals or other commodities from various mining operations. The company primarily focuses on gold, silver, palladium, and cobalt. Wheaton Precious Metals does not oper...Show More
Better Health for All
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Wheaton Precious Metals' Community Investment Program (CIP) allocated $8.575 million in 2024
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, representing approximately 0.69% of its total revenue of $1,248,639,000
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. These programs support health and dental services at mining partner sites, including 5,600 medical and 3,600 dental consultations through Vale Foundation projects
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, and over 7,500 health emergencies/preventive cases via Hudbay
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. For its employees, Wheaton provides mental health support through an extended benefits plan
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and offers up to two mental wellness days
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. The company's core business of precious metals streaming has no significant direct positive or negative health impact from its products or services, nor do its products carry health risks requiring disclosure or have addiction potential. The company does not offer health-related products or services requiring accessibility considerations, nor does it conduct clinical trials or produce food/nutritional products.
Fair Money & Economic Opportunity
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No evidence available to assess WHEATON PREC. METALS on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
40
Wheaton Precious Metals reported zero health and safety incidents for 2024, 2023, and 2022.
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Voluntary employee turnover was 2% in 2024.
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The company's CEO to median employee pay ratio was 94.1:1 in 2024.
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Additionally, the company reported zero substantiated labor-law or human-rights violations in 2024
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and 2023.
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Fair Trade & Ethical Sourcing
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Wheaton Precious Metals reported no substantiated forced or child labor incidents in the last three years
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, including no Modern Slavery incidents identified in its operations or Tier 1 supply chain in 2023
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, and no human rights allegations directed at the company
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. The company conducts ESG risk assessments and site visits for its Tier 1 mining partners, typically on an annual or biannual basis
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. Furthermore, 95% of its 2024 production originated from mining partners committed to the UN Guiding Principles on Business and Human Rights
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, with sustainability-related terms included in their Precious Metal Purchase Agreements (PMPAs)
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.
Honest & Fair Business
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The company has a formal whistleblower policy, updated in November 2023, which includes reporting procedures, protection for whistleblowers, and investigation processes.
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It utilizes an independent third-party reporting tool, EthicsPoint, which allows for anonymous reporting.
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Kind to Animals
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No evidence was found in the provided articles to assess Wheaton Precious Metals Corp. against the 'Kind to Animals' ethical value. The available information pertains to a 'Future of Mining Challenge' focused on sustainable water management
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, which does not provide specific, concrete data points relevant to animal testing, animal-derived ingredients, humane practices, or specific wildlife conservation efforts as defined by the rubric.
No War, No Weapons
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Wheaton Precious Metals' core business is precious metals streaming, not arms manufacturing, defense contracts, or related activities. The provided articles consistently state no mention or applicability for revenue from arms contracts, dual-use technology, sales to embargoed regimes, defense-related board oversight, export certifications, arms control lobbying, Arms Trade Treaty compliance, AI military safeguards, dual-use item screening, surveillance, ethical red lines for weapons, exposure to controversial weapons, defense divestment, or peace technology investment. For other KPIs such as peacebuilding investment, conflict minerals, and conflict zone procurement, no specific data or details were provided in the articles to allow for scoring.
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Planet-Friendly Business
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Wheaton Precious Metals has adopted SBTi's pre-defined target for SMEs aligned with a 1.5°C pathway, and its Scope 2 emissions reduction target (50% by 2030 from a 2018 baseline) is SBTi-validated.
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The company's direct water consumption for its offices in Vancouver and Cayman totaled 826.1 m³ in 2024, against a total revenue of $1,248,639,000, resulting in 0.6616 m³ per $1 M revenue, which is considered minimal.
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In 2022, Wheaton committed US$4,000,000 to support renewable energy and emission reductions at partner mines, representing approximately 0.756% of its 2024 net earnings.
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The company reported no significant fines or non-monetary sanctions for non-compliance with environmental laws or regulations in 2024, and no violations were reported in 2023.
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Wheaton published a TCFD-aligned Climate Change Report in 2023
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and completed a gap analysis against the ISSB S2 standard,
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but specific details on climate scenario analysis are not provided.
Respect for Cultures & Communities
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The company has 40 formal partnership agreements with indigenous or local community groups.
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No specific cultural appropriation incidents have been reported.
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For other KPIs, such as the percentage of revenue reinvested in local community development, the existence of a formal cultural impact assessment protocol, local employment ratios, grievance mechanism coverage, and average complaint resolution time, no specific quantitative data is provided in the available articles.
Safe & Smart Tech
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No evidence available to assess WHEATON PREC. METALS on Safe & Smart Tech.
Zero Waste & Sustainable Products
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The company reported no waste disposal violations or citations in its 2024 Sustainability Report.
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Waste reduction initiatives include soft plastics recycling in its Vancouver office and comprehensive recycling in its Cayman office.
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The Vancouver office also undergoes annual waste audits by the property management company.
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However, the report did not provide specific waste diversion rates, company-wide waste reduction targets, or data on product recyclability, packaging sustainability, or recycled content for the company as a whole.
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