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Wheaton Precious Metals Unveils 2024 Sustainability Reports

Wheaton Precious Metals™ Corp. has recently released two pivotal documents—the 2024 Sustainability Report and the 2024 Climate Change Report. These reports emphasize the company's commitment to integrating Environmental, Social, and Governance (ESG) considerations into its operational and decision-making framework. Randy Smallwood, President and CEO of Wheaton, expressed pride in the significant strides made in the past year toward responsible business practices that aim to create enduring value for all stakeholders.

Key Takeaways from the 2024 Sustainability Report

The 2024 Sustainability Report serves as a thorough examination of the company's performance across ESG topics. Some notable highlights include:

• - Top ESG Ratings: Wheaton has received 'ESG Industry Top-Rated' in precious metals and is listed as one of the 'ESG Global 50 Top Rated' among a pool of over 14,600 multi-sector firms by Sustainalytics. Additionally, the company boasts an 'AAA' rating from MSCI and 'Prime' rating from ISS.
• - Comprehensive Community Investments: Since its Community Investment Programs were initiated in 2009, Wheaton has contributed over $53 million globally. In 2024 alone, this included more than $8.5 million directed to over 130 charitable initiatives worldwide, with $6 million specifically focused on projects near mining partner locations.
• - Diversity on the Board: Wheaton is proud to have 50% of its board members coming from diverse backgrounds, including women and visible minorities.

Highlights from the 2024 Climate Change Report

The Climate Change Report outlines Wheaton's approach in tackling climate change challenges and seizing growth opportunities. Key points include:

• - Emission Control Measures: The report indicates that 86% of 2023 Scope 3 financed emissions are encompassed by emissions reduction targets that align with the goal of limiting global warming to 2°C or less.
• - Future of Mining Challenge: To encourage innovative solutions, Wheaton launched its Future of Mining Challenge, inviting global startups to provide ideas that enhance operational efficiencies while minimizing environmental footprints.
• - Enhanced Climate Risk Management: The company has revised its climate scenario analysis to continuously assess climate-related risks and completed a gap analysis against the International Sustainability Standards Board's S2 standard.

Industry-Leading Standards

The 2024 Sustainability Report aligns with the GRI Standards and the Sustainability Accounting Standards Board's (SASB) guidelines focusing on Asset Management and the Metals and Mining sectors. On the other hand, the Climate Change Report pulls information from the International Sustainability Standard Board's IFRS S2 Climate-Related Disclosures Standard. This adherence to recognized frameworks underscores Wheaton's commitment to transparency and accountability in reporting.

About Wheaton Precious Metals Corp.

Founded as the foremost precious metals streaming company, Wheaton Precious Metals partners with mining entities globally to secure future precious metal production through strategic agreements. Their dedication to responsible mining practices is fundamental to their operational ethos, aiming to create long-term shareholder value while promoting sustainable resource management.

Wheaton's shares can be found on the Toronto Stock Exchange, New York Stock Exchange, and London Stock Exchange under the symbol WPM. For more information, visit Wheaton Precious Metals or follow them on social media.

Looking Forward

Wheaton’s commitment to ESG considerations and climate responsibility sets a benchmark in the precious metals sector, reflecting an industry-wide shift towards sustainability. As the world continues to navigate environmental challenges, Wheaton's efforts present a model for all companies aiming to harmonize profitability with social responsibility.