Wheaton Precious Metals Publishes Inaugural Climate Change Report

Source: www.gulfoilandgas.com 6/15/2023, Location: North America

Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") is pleased to announce the publication of its inaugural 2022 Climate Change Report (the "report"). The report was prepared in alignment with the recommendations of the Task Force on Climate-related Financial Disclosures ("TCFD") and outlines how Wheaton is addressing climate change risks and opportunities and the resiliency of its portfolio to climate impacts.

"Mining plays a vital role in facilitating the energy transition and, as a provider of capital to the industry, we have a unique opportunity to influence and encourage our partners to operate in a sustainable manner, including setting targets to reduce their greenhouse gas emissions," said Randy Smallwood, Wheaton's President and Chief Executive Officer. "In addition, our high-quality portfolio of assets is diversified in terms of jurisdiction and commodity, allowing Wheaton to effectively manage our exposure to climate-related risks. Through our business model, we are well positioned to help fund the supply of critical metals needed for the growing demand for low-carbon technology and infrastructure."

Report Highlights
Highlights from the 2022 Climate Report include:
• Details on climate-related governance, strategy, risk management, and metrics and performance.
• Expanded information on the pathway to achieve net-zero carbon emissions by 20501 and progress to date on this topic, with a focus on Scope 3 financed emissions.
• Identification of climate risks and opportunities and management strategies, including incorporation of climate risks and opportunities in the due diligence process and ongoing monitoring mechanisms.
• Commitment to support our mining partners' decarbonization and climate solutions efforts. • 68% of 2021 Scope 3 financed emissions covered by emissions reductions targets aligned to 2°C or less.

Wheaton's Climate Report complements our recently published 2022 Sustainability Report and reinforces our commitment to provide stakeholders with transparent and detailed reporting of our environmental, social and governance ("ESG") performance and practices.2


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