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Cision Canada
22-05-2025
- Business
- Cision Canada
Wheaton Precious Metals Publishes 2024 Sustainability Report and 2024 Climate Change Report
VANCOUVER, BC, May 22, 2025 /CNW/ - Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") today published both its 2024 Sustainability Report and 2024 Climate Change Report. "Wheaton's 2024 Sustainability and Climate Change Reports highlight how we integrate ESG considerations into our decision making and business operations, as well as our comprehensive sustainability strategy that seeks to support the mining industry to deliver essential commodities and materials in a sustainable manner," said Randy Smallwood, Wheaton's President and Chief Executive Officer. "The significant progress we made last year on our commitments reflects Wheaton's unwavering focus on driving sustainable and responsible business practices with a goal of creating lasting value for all our stakeholders, and I am proud that we continue to be recognized as top of class by a number of external ranking agencies for these efforts." Highlights of Wheaton's 2024 Sustainability Report Wheaton's Sustainability 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. 'ESG Industry Top-Rated' in precious metals and 'ESG Global 50 Top Rated' out of over 14,600 multi-sector companies by Sustainalytics; 'AAA' rated by MSCI; and 'Prime' rated by ISS; recognized among Corporate Knights' 2025 100 most sustainable corporations in the world and 2024 Best 50 List of Canada's top corporate citizens. 100% of new streaming agreements in 2024 screened for ESG issues and risks. 99% of 2024 production came from mining operations committed to implementing the Global Industry Standard on Tailings Management. Over $53 million in global contributions since the inception of Wheaton's Community Investment Programs in 2009, including more than $8.5 million to over 130 charitable causes and initiatives globally in 2024, with $6M last year dedicated to initiatives around Wheaton's mining partners' stream-related sites—the highest spend on the partner community investment initiatives since the program launched in 2014. 50% of board members represent a diverse background (including women and visible minorities). Highlights of Wheaton's 2024 Climate Change Report Wheaton's Climate Change Report details how Wheaton is addressing climate change risks and opportunities, as well as potential climate-related impacts. 86% of 2023 Scope 3 financed emissions covered by emissions reduction targets aligned to 2°C or less. Launched Wheaton's Future of Mining Challenge, which invites ventures from around the world to submit industry solutions aimed at improving operational efficiencies while minimizing environmental impacts. Refreshed climate scenario analysis to support continual assessment and management of climate risks. Completed a gap analysis of Wheaton's Climate Change Report against the recently released International Sustainability Standards Board (ISSB) S2 standard, and made changes throughout the report, accordingly. Standards Wheaton's Sustainability Report is informed by the GRI Standards and the Sustainability Accounting Standards Board (SASB) Asset Management, and Metals and Mining Standard. Wheaton's Climate Change Report is informed by the International Sustainability Standard Board's IFRS S2 Climate-Related Disclosures Standard. About Wheaton Precious Metals Corp. Wheaton Precious Metals is the world's premier precious metals streaming company, providing shareholders with access to a high-quality portfolio of low-cost, long-life mines around the world. Through strategic streaming agreements, Wheaton partners with mining companies to secure a portion of their future precious metals production. Committed to responsible mining practices, Wheaton employs industry-leading due diligence practices with a goal of unlocking long-term value for shareholders while supporting the broader mining industry to deliver the commodities society needs through access to capital. Wheaton's shares are listed on the Toronto Stock Exchange, New York Stock Exchange and London Stock Exchange under the symbol WPM. Learn more about Wheaton Precious Metals at or follow us on social media. 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 and climate change strategy, targets and commitments and climate scenario analysis 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 the ability to achieve ESG and climate change strategy, targets and commitments 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 for the year ended December 31, 2024 and the risks identified under "Risks and Uncertainties" in Wheaton's Management's Discussion and Analysis ("MD&A") for the year ended December 31, 2024, both available on SEDAR+ and in Wheaton's Form 6-K filed March 13, 2025, all available on EDGAR. Forward-looking statements are based on assumptions management currently believes to be reasonable, including (without limitation) that ESG and climate change strategy, targets and commitments at both Wheaton and the Mining Operations will be achieved, 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 that Wheaton's application of the CRA Settlement is accurate (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 possible domestic audits for taxation years subsequent to 2017 and international audits. SOURCE Wheaton Precious Metals Corp.
Yahoo
15-05-2025
- Business
- Yahoo
First Quantum Publishes 2024 Sustainability Reports
(In United States dollars, except where noted otherwise) TORONTO, May 15, 2025 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. ('First Quantum' or the 'Company') (TSX: FM) has published its sustainability reports for 2024. The Environment, Social and Governance Report is the Company's primary sustainability report, setting out its sustainability performance. The Company has also published its Task Force on Climate-related Financial Disclosures ('TCFD') aligned Climate Change Report and Tax Transparency and Economic Contributions Report. 'While recent events in Panama and Zambia have presented challenges for the Company, our long-term commitment to the environment and our communities remains unchanged,' said Tristan Pascall, Chief Executive Officer. 'We are focused on pursuing ambitious and tangible decarbonization strategies that support operational efficiency and resilience, productivity and our climate change commitments. At the same time, we continue to deliver strong economic value to our host countries, contributing over $3.5 billion in 2024 alone through taxes, salary and wages, local procurement, and community investment.' First Quantum today released its Climate Change Report, aligned with the recommendations of the TCFD. In light of the current situation in Panama and drought conditions aggravated by El Niño in Zambia, the Company has revised its climate targets. In the current phase of Preservation and Safe Management at Cobre Panamá following the suspension of operations, and a temporary reduction in the availability of renewable power in Zambia due to drought conditions, have impacted the expected timing of delivery of the Company's decarbonization strategy. In response, First Quantum now targets a 50% reduction in absolute Scope 1 and 2 greenhouse gas emissions, as well as the CO₂e intensity of copper production, by 2035. Achieving this goal will depend on increased clarity regarding the situation in Panama, where the power station at Cobre Panamá, when operational, remains the Company's largest single source of emissions. In 2024, the total direct economic contribution by the Company to the countries in which it operates was over $3.5 billion. This included: $800 million in taxes, royalties and other payments to government, $426 million in salaries and wages, $28 million in community investment programs, social outreach and communication, and $2,265 million in supplier spend with nationally registered suppliers. Our cumulative direct contributions to government revenue, such as taxes, royalties, and other payments to government, is over $9.2 billion for the past 8 years. For further information, visit our website at or contact: Bonita To, Director, Investor Relations (416) 361-6400 Toll-free: 1 (888) 688-6577E-Mail: info@ CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATIONCertain statements and information herein, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. The forward-looking statements in this news release include statements as to the timing of development, presentation and initiation of the closure plan, the contents thereof and the process for the development thereof; and the requirements to avoid environmental damage at Cobre Panamá during the non-operational phase. With respect to forward-looking statements and information contained herein, the Company has made numerous assumptions regarding the ability and willingness of MICI to develop, present and initiate a closure plan and the process, timing and contents thereof; the possibility for environmental damage during the current non-operational phase. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These factors include, but are not limited to, the ability to receive the timing for the development, presentation and initiation of the closure plan, the contents thereof and the process for the development thereof; the duration of the nonoperational phase at Cobre Panamá; the Government of Panama's management plan for the tailings storage and water treatment facilities at Cobre Panama; the political and social situation in Panamá; potential political, legal, social and environmental challenges; and events generally impacting global economic, political and social stability. There may also be other factors that cause actual results, performance, achievements or events not as anticipated, estimated or intended, including the risks, uncertainties and other factors discussed in the Company's Annual Information Form. The Company undertakes no obligation to reissue or update forward-looking statements or information as a result of new information or events after the date hereof except as may be required by law.
