Wheaton Precious Metals Corp..
WPM.US | Activities of holding companies
Wheaton Precious Metals Corp. is a precious metals streaming company. It does not operate mines. Instead, it provides upfront financing to mining companies in exchange for the right to purchase a percentage of their future precious metals production (typically gold, silver, and palladium) at a prede...Show More
Better Health for All
0
The company's principal goods and services, precious metals streaming, have no significant direct positive or negative health impact, resulting in a neutral health effect. For mental health, Wheaton provides extensive health and wellness benefits to all employees, including up to two mental wellness days
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, one hour of mental health training
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, and access to individual mental health services through an extended benefits plan
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. All other KPIs were omitted due to a lack of specific quantitative data or direct applicability to the company's core business as defined by the rubric.
Fair Money & Economic Opportunity
0
Wheaton Precious Metals Corp. is a precious metals streaming company that provides financing to mining companies, not consumers. As such, it does not offer lending or deposit services, consumer credit products, or financial services to individuals or small businesses. Therefore, all KPIs related to consumer financial products, pricing, fees, lending practices, data accessibility, wealth-building outcomes, debt burden, geographic inclusion, and product simplicity are not applicable. While the company has community investment programs, including a target of 1.5% of adjusted net income for community initiatives
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and $8.5 million invested in 2024,
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these are described as donations and sponsorships for general community development, education, health, and nature, not specifically 'community finance' or 'profit-sharing' as defined by the rubric's KPI for profit reinvestment. Similarly, educational support initiatives mentioned are not specified as 'financial literacy' programs.
Fair Pay & Worker Respect
50
Wheaton Precious Metals demonstrates strong performance in several areas related to Fair Pay & Worker Respect. The company reported a CEO-worker pay ratio of 9.4:1 in 2024, indicating a low disparity between executive and median employee compensation.
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In terms of safety, zero health and safety incidents were reported in 2024.
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The voluntary employee turnover rate was 2% in 2024, reflecting high workforce stability.
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Furthermore, the company has reported no significant fines or non-monetary sanctions for non-compliance with laws and regulations, and no human rights allegations related to Wheaton.
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Fair Trade & Ethical Sourcing
0
The company reported no substantiated forced or child labor findings in 2023.
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It maintains a Partner/Supplier Code of Conduct that outlines expectations for its mining partners regarding human rights and labor, including worker rights, forced labor, and child labor.
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The company intends to encourage supplier compliance through contractual terms and monitoring.
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However, specific quantitative data is not available for other fair trade and ethical sourcing metrics, such as the percentage of tier-1 spend covered by fair-trade certifications, the average frequency of on-site audits for mining partners, or the percentage of suppliers with traceable provenance data.
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Similarly, information on the median days to close corrective action plans, the percentage of contracts including enforceable ethical-sourcing clauses, the share of spend on high-risk materials, and the percentage of procurement budget directed to diverse suppliers is not disclosed.
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Honest & Fair Business
0
Wheaton Precious Metals Corp. has reported never having any significant fines or non-monetary sanctions for non-compliance with laws and regulations, and no breaches of its Code of Conduct related to corruption or bribery.
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The company's S&P Global CSA Score is 49.
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It maintains a comprehensive whistleblower policy, last revised in November 2023, which includes a 24/7 anonymous third-party hotline (EthicsPoint/Navex Global), a clear prohibition on retaliation, and detailed investigation procedures.
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As of the 2025 AGM, 89% of its board members are independent, and the company has an independent Chair.
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Furthermore, Wheaton has a comprehensive anti-bribery and anti-corruption policy, requiring annual certification from all employees, officers, and directors, including those in international subsidiaries.
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This policy explicitly forbids kickbacks, rebates, and political contributions.
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Kind to Animals
0
Wheaton Precious Metals Corp. operates as a precious metals streaming company, financing mining operations rather than directly operating mines or manufacturing products.
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Due to this business model, the company does not engage in activities such as product manufacturing, animal testing, or animal agriculture. Consequently, for KPIs like cruelty-free certification share, alternative testing usage, humane certified operations percentage, ethical input substitution percentage, cage-free sourcing percentage, animal testing policy, animal testing volume, innovation investment in animal-free technologies, animal agriculture ethics, and animal-free R&D collaboration, the company's operations are not applicable, aligning with the 'N/A' tier (score 0) in the rubric. Similarly, there is no evidence of the company's direct engagement in animal welfare policy improvement, making public policy engagement also N/A (score 0). The KPI for wildlife conservation impact is omitted because while the company's financed operations do have environmental impacts and Wheaton supports various conservation initiatives
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, the provided financial contribution is stated as a percentage of net income (1.5%), which cannot be directly mapped to the rubric's revenue-based quantitative thresholds.
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No War, No Weapons
-40
Wheaton Precious Metals announced its participation in the United Nations Global Compact on September 16, 2019.
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This commitment aligns the company's operations with the UN's ten principles, including those related to human rights, indicating that the UN Guiding Principles are referenced in its policy.
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No specific, concrete data points were provided for any other Key Performance Indicators related to the 'No War, No Weapons' ethical value.
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Planet-Friendly Business
-50
Wheaton Precious Metals has adopted SBTi's pre-defined target for SMEs aligned with a 1.5°C pathway
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, and a 50% reduction target for its Scope 2 emissions by 2030 from a 2018 baseline has been validated by the SBTi
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. For its most material category, Scope 3 financed emissions, 86% of 2023 emissions were covered by reduction targets aligned to 2°C warming or less
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. The company has set a goal to cover 80% of total Scope 3 emissions with 1.5°C aligned targets by 2040
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. In terms of climate risk disclosure, Wheaton has completed a gap analysis of its Climate Change Report against the ISSB S2 standard, which incorporates TCFD recommendations
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. Wheaton reports no direct, reportable Scope 1 emissions
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.
Respect for Cultures & Communities
30
Wheaton Precious Metals has 40 formal partnership agreements with indigenous or local community groups.
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The company reported zero cultural appropriation incidents.
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Safe & Smart Tech
0
No specific, quantitative, or factual evidence was provided in the articles to assess the company against any of the 'Safe & Smart Tech' KPIs. The SecurityScorecard rating is a general assessment and does not provide specific data points required by the rubric's KPIs. The absence of information regarding data breaches or other incidents in the provided articles is not considered evidence of performance.
Zero Waste & Sustainable Products
-20
Wheaton Precious Metals Corp. is a precious metals streaming company that does not operate mines or manufacture physical products. There is no specific, quantitative data available in the articles regarding Wheaton Precious Metals Corp.'s own waste diversion rates, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design principles, waste reduction initiatives, hazardous waste management, product durability, repairability, waste audit frequency, zero-waste certifications, material efficiency, packaging-to-product ratio, waste reduction targets, supplier waste requirements, or customer waste education. The provided articles consistently state that no regulatory actions, violations, fines, or compliance issues related to waste disposal were mentioned in their reports.
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