Wheaton Precious Metals Corp. has joined the United Nations Global Compact. Launched in 2000, the Compact is the largest corporate sustainability initiative in the world. As signatories, it includes more than 9,500 companies and 3,000 non-business entities based in over 160 countries.
The Compact guides its member with a principle-based framework, best practices, resources, and networking events. The goal is to strengthen corporate sustainability practices for a better society, a goal that meshes nicely with Wheaton’s philosophy.
“We strongly believe in promoting responsible mining practices and supporting long term sustainable benefits in the communities where we and our partners live and operate. Wheaton’s asset portfolio is based primarily on low cost, long life mines, so for us, sustainability is critical to the success of our business model,” said Wheaton president and CEO Randy Smallwood.
(This article first appeared in the Canadian Mining Journal)