TIDMWPM
RNS Number : 3491B
Wheaton Precious Metals Corp.
10 February 2022
February 9, 2022 TSX | NYSE | LSE: WPM
Vancouver, British Columbia
WHEATON PRECIOUS METALS ADOPTS CLIMATE CHANGE POLICY
AND COMMITS TO NET ZERO carbon emissions by 2050
Wheaton Precious Metals(TM) Corp. ("Wheaton" or the "Company")
is pleased to announce enhanced climate change and environmental
commitments through a number of new, formalized policies and
initiatives as part of Wheaton's broader environmental, social and
governance ("ESG") strategy.
"Today's announcement reinforces Wheaton's long-standing
commitment to industry-leading ESG practices and to being an agent
of change. These initiatives are not only critical to how we manage
our business risk, but they are also the right thing to do," said
Randy Smallwood, President and Chief Executive Officer of Wheaton
Precious Metals. "Along with our partners, we strongly believe that
promoting responsible mining practices and developing clear
roadmaps to reach net zero is more important than ever. Aligning
our strategy and approach with the most recent climate science will
allow us to continue our mandate of delivering long-term
sustainable value to all our stakeholders through our streaming
business model."
These enhanced climate change and environmental commitments
include the following:
-- Commitment to achieve net zero carbon emissions by 2050[1].
This includes the establishment of targets across both Scope 2 and
Scope 3 attributable emissions to support a 1.5deg C trajectory.
This target development process will begin immediately in
collaboration with third-party partnership organizations to ensure
that our targets align with the goals of the Paris Agreement, and
regular updates will be provided beginning in Wheaton's 2021
Sustainability Report (the "Sustainability Report") to be published
in May.
-- Engagement with our mining partners to encourage the
establishment of emissions targets to support a 1.5deg C trajectory
at their operations.
-- Establishment of a fund to support our mining partners'
efforts to move to renewable energy sources and / or reduce
emissions at the mines in which we have an interest. Accessible to
all mining partners, Wheaton has made a $4 million initial
commitment, representing 1% of its average net income of the
previous four years.
Wheaton's detailed approach to climate change, including
comprehensive information on climate related financial risks and
opportunities, will be disclosed in its upcoming Sustainability
Report to be published in May and will be aligned with the
recommendations of the Task Force on Climate-Related Financial
Disclosures (TCFD). The Sustainability Report will also provide
inaugural quantification of Wheaton's Scope 3 emissions for its
Investments (Category 15).
Wheaton's full climate change and environmental policy is
available here . To find out more about Wheaton's ESG approach,
visit https://www.wheatonpm.com/responsibility.
For further information, please contact:
Patrick Drouin
Senior Vice President, Investor Relations
Wheaton Precious Metals Corp.
Tel: 1-844-288-9878
Email: info@wheatonpm.com
Website: www.wheatonpm.com
[1] Net zero includes emissions reductions in line with a 1.5
trajectory across Scopes 1, 2 and 3. Achievement of net zero may
include the use of offsets for residual emissions in 2050.
CAUTIONARY NOTE REGARDING FORWARD-LOOKINGSTATEMENTS
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 and,
in some instances, the business, mining operations and performance
of Wheaton's precious metals purchase agreement (" PMPA")
counterparties. Forward-looking statements, which are all
statements other than statements of historical fact, include, but
are not limited to Wheaton's climate change and environmental
commitments, the future price of commodities, the estimation of
future production from mineral stream interests owned by Wheaton
(the "Mining Operations") (including in the estimation of
production, mill throughput, grades, recoveries and exploration
potential), the estimation of mineral reserves and mineral
resources (including the estimation of reserve conversion rates)
and the realization of such estimations and the commencement,
timing and achievement of construction, expansion or improvement
projects by Wheaton's PMPA counterparties at Mining Operations.
Generally, these forward-looking statements can be identified by
the use of forward-looking terminology such as "plans", "expects"
or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "projects", "intends", "anticipates" or
"does not anticipate", or "believes", "potential", or variations of
such words and phrases or statements that certain actions, events
or results "may", "could", "would", "might" or "will be taken",
"occur" or "be achieved". 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
but not limited to risks associated with the ability to achieve
climate change and environmental commitments at Wheaton and at the
Mining Operations, fluctuations in the price of commodities
(including Wheaton's ability to sell its precious metals or cobalt
production at acceptable prices or at all), the Mining Operations
(including fluctuations in the price of the primary or other
commodities mined at such operations, regulatory, political and
other risks of the jurisdictions in which the Mining Operations are
located, actual results of mining, risks associated with the
exploration, development, operating, expansion and improvement of
the Mining Operations, environmental and economic risks of the
Mining Operations, and changes in project parameters as plans
continue to be refined), and other risks discussed in the section
entitled "Description of the Business - Risk Factors" in Wheaton's
Annual Information Form available on SEDAR at www.sedar.com , and
in Wheaton's Form 40-F for the year ended December 31, 2020 and
Form 6-K filed March 11, 2021 both available on EDGAR at
www.sec.gov , as well as the risks set out in Wheaton's
management's discussions and analysis for the period ended December
31, 2020 available on SEDAR and EDGAR (together, the "Disclosure").
Forward-looking statements are based on assumptions management
currently believes to be reasonable, including (without
limitation): that Wheaton will be able to achieve climate change
and environmental commitments, there will be no material adverse
change in the market price of commodities, that the Mining
Operations will continue to operate and the mining projects will be
completed in accordance with public statements and achieve their
stated production estimates, that the mineral reserve and mineral
resource estimates from Mining Operations (including reserve
conversion rates) are accurate, and such other assumptions and
factors as set out in the Disclosure. There can be no assurance
that forward-looking statements will prove to be accurate and even
if events or results described in the forward-looking statements
are realized or substantially realized, there can be no assurance
that they will have the expected consequences to, or effects on,
Wheaton. Readers should not place undue reliance on forward-looking
statements and are cautioned that actual outcomes may vary. The
forward-looking statements included herein are for the purpose of
providing readers with information to assist them in understanding
Wheaton's expected financial and operational performance and may
not be appropriate for other purposes. Any forward-looking
statement speaks only as of the date on which it is made, reflects
Wheaton's management's current beliefs based on current information
and will not be updated except in accordance with applicable
securities laws. Although Wheaton has attempted to identify
important factors that could cause actual results, level of
activity, performance or achievements to differ materially from
those contained in forward--looking statements, there may be other
factors that cause results, level of activity, performance or
achievements not to be as anticipated, estimated or intended.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCQBLFFLLLBBBV
(END) Dow Jones Newswires
February 10, 2022 11:16 ET (16:16 GMT)
Wheaton Precious Metals (LSE:WPM)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024
Wheaton Precious Metals (LSE:WPM)
Graphique Historique de l'Action
De Avr 2023 à Avr 2024