Climate Change Data

Environmental Metrics

ESG Focus Areas

• Corporate Governance
• Business Ethics
• Information Systems and Cyber Security
• ESG & Investment Decisions
• Community Relations
• Human Rights
• Health and Safety
• Employee Relations
• Diversity and Inclusion
• Climate Change and Energy
• Tailings and Waste
• Water
• Biodiversity and Land Use

Environmental Achievements

• Carbon neutral for the past six years

Social Achievements

• $5.8 million in community investment programs in 2020
• Over 100 charities and initiatives supported globally in 2020
• Launched a US$5 million Community Support and Response Fund to help communities impacted by COVID-19

Governance Achievements

• AA rated by MSCI ESG Ratings
• #1 for Precious Metals (out of 115 companies) and ESG Global 50 Top Rated by Sustainalytics
• Updated Code of Business Conduct and Ethics to better align with UN Global Compact

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting communities and operations
• Travel restrictions hindering in-person site visits

Mitigation Strategies

• Developed virtual monitoring and due diligence techniques
• Launched US$5 million Community Support and Response Fund
• Deployed consultants to support due diligence process

Supply Chain Management

Responsible Procurement

• Partner/Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Long-term shifts in climate patterns

Transition Risks

• Climate and energy regulations
• Technology improvements
• Policy & Legal changes
• Market shifts

Opportunities

• Increased demand for copper, silver, PGMs, and cobalt in low-carbon technologies

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, UN Global Compact

UN Sustainable Development Goals

• Goal 3: Good Health and Well-being
• Goal 4: Quality Education
• Goal 8: Decent Work and Economic Growth
• Goal 11: Sustainable Cities and Communities
• Goal 13: Climate Action

Wheaton’s Four Pillars of Giving align with eight of the UN’s Sustainable Development Goals.

Environmental Metrics

ESG Focus Areas

• Climate Change and Energy
• Employee Relations
• Diversity and Inclusion
• Health, Safety and Well-being
• Community Investment
• ESG and Investment Decisions
• Corporate Governance
• Business Ethics
• Information Systems and Cyber Security

Environmental Achievements

• Offset all Scope 2 emissions associated with offices in Vancouver and Cayman Islands.
• Developed a methodology for measuring Scope 3 GHG emissions from partners' operations.
• Committed $4M to support mining partners' decarbonization efforts.

Social Achievements

• Established a Diversity and Leadership Committee.
• Provided 3 hours of D&I training to employees.
• Contributed $6.2M to local and partner community investment programs.
• 0% employee turnover rate in 2021

Governance Achievements

• Achieved 30% female representation at board-level in 2022 (target set in 2021).
• No reported incidents of corruption, allegations of fraud, executive misconduct or insider trading.
• No whistleblower reports in 2021.
• 100% compliance with the Enterprise Cyber Security Awareness Training Program.

Climate Goals & Targets

Environmental Challenges

• Indirect exposure to ESG risks from mining partners' operations.
• Climate change risks (physical and transitional) impacting mining partners' operations.
• Lack of defined methodology for calculating financed emissions for metals streaming companies.
• COVID-19 pandemic impacting operations and employee well-being.

Mitigation Strategies

• Robust ESG due diligence process for new streaming agreements.
• Ongoing monitoring of mining partners' operations.
• Developed a conservative methodology for calculating financed emissions.
• COVID-19 safety plan, work-from-home transition, well-being communications, and virtual presentations.

Supply Chain Management

Responsible Procurement

• Partner/Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (flooding, wildfires, landslides)
• Chronic climate changes (droughts, extreme heat, excessive rainfall, rising sea levels)

Transition Risks

• Stricter emissions regulations
• Carbon pricing
• Changes in consumer demand and commodity prices
• Increased stakeholder concern

Opportunities

• Increased demand for silver, cobalt, PGMs, copper, zinc, and nickel used in clean technologies.

Reporting Standards

Frameworks Used: SASB, GRI, TCFD, UNGC

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 13 (Climate Action)

Partner Community Investment Program supports initiatives aligned with nine of the UN SDGs.

Awards & Recognition

• #1 for Precious Metals (Sustainalytics)
• AA rated by MSCI ESG Ratings
• Inclusion in the Euronext Vigeo World 120 Indices
• Rated Prime by ISS ESG

Environmental Metrics

ESG Focus Areas

• Climate Change
• Electrification
• Human Rights
• Diversity, Equity & Inclusion
• Ethical and Sustainable Supply Chain
• Data Privacy
• Safety
• Community Engagement
• Employee Engagement
• Governance

Environmental Achievements

• 35% reduction in absolute manufacturing greenhouse gas footprint from 2017 levels (2021)
• 78% freshwater reduction in water use since 2000
• 89 zero waste to landfill sites globally
• Investing over $50 billion through 2026 to accelerate zero-emission vehicle plan

Social Achievements

• Published first Human Rights Report in 2022
• Recognized as a leader in Human Rights in the auto industry by the World Benchmarking Alliance Corporate Human Rights Benchmark (CHRB)
• Recognized for the fourth year in a row as a global leader in Bloomberg’s Gender-Equality Index
• $9.7 billion spent with minority-, women- and veteran-owned companies and small businesses in 2021
• $1.3 million donated to disaster relief efforts and $74.4 million in charitable contributions in 2021
• 87% of salaried employees stated in a survey that they have the flexibility to balance the needs of their work and personal life (2021)

Governance Achievements

• Majority independent Board
• Separate Chair of the Board and CEO with Lead Independent Director
• Independent Audit, Compensation, Talent and Culture, and Nominating and Governance committees
• Robust stock ownership goals for executives
• Compensation for NEOs focused on performance
• Regular Board and committee self-evaluation process

Climate Goals & Targets

Environmental Challenges

• Shortage of key components (e.g., semiconductors, raw materials) disrupting vehicle production
• Successful execution of Ford+ for long-term competitiveness
• Potential vehicle defects leading to delays, recalls, or increased warranty costs
• Cyber incidents, ransomware attacks, and other disruptions affecting operational and security systems
• Labor issues, natural disasters, and other factors disrupting production
• Maintaining a competitive cost structure
• Attracting and retaining talented employees
• Market acceptance and competition for new and existing products and services
• Dependence on sales of larger, more profitable vehicles
• Economic, geopolitical, and trade policy events affecting global results
• Industry sales volume volatility
• Increased price competition or reduced demand
• Inflationary pressure and commodity price fluctuations
• Access to debt and financial markets
• Government incentive reductions or termination
• Higher-than-expected credit losses for Ford Credit
• Compliance with safety, emissions, and other regulations
• Stringent privacy and data protection laws and regulations
• Increased credit regulations for Ford Credit

Mitigation Strategies

• Risk management processes relating to compliance, reporting, operating and strategic risks
• Enterprise Risk Management framework for identifying and mitigating top enterprise risks
• Business unit and skill team governance processes for local risk identification and management
• Strategic alliances, joint ventures, acquisitions, divestitures, and new business strategies
• Safety Operating System to ensure safe work environment
• Investing in training and development to attract and retain talent
• Sustainable Financing Framework to finance clean transportation projects
• Supply chain mapping and auditing to understand and address human rights issues
• Partnerships with other businesses and organizations for sustainable practices
• Executive compensation structured to balance various forms of compensation and align with shareholder interests

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct
• Third-party audits of suppliers
• Training resources for suppliers
• Partnership with RCS Global for responsible sourcing audits
• Joining the Initiative for Responsible Mining Assurance (IRMA)

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products and services

Reporting Standards

Frameworks Used: Science Based Targets initiative (SBTi), Task Force on Climate-related Financial Disclosures (TCFD), UN Global Compact

Sustainable Products & Innovation

• Mustang Mach-E
• F-150 Lightning
• E-Transit

Environmental Metrics

ESG Focus Areas

• Animal welfare
• Conservation
• Environmental sustainability
• Community relations
• Workforce diversity and inclusion

Environmental Achievements

• Invested in renewable energy and energy efficiency projects, such as solar panels and LED lighting retrofits.
• Implemented water conservation efforts, including a natural biofiltration system at SeaWorld San Antonio.
• Reduced waste by removing expanded polystyrene products, plastic straws, and plastic bags from parks.
• Sourced seafood from organizations promoting environmentally responsible fishing practices.

Social Achievements

• Launched SeaWorld Coral Rescue Center, a public-facing coral-recovery exhibit.
• Partnered with marine wildlife artist Guy Harvey to raise awareness for ocean health.
• Focused philanthropic efforts on animal preservation, youth development, and environmental sustainability.
• Achieved Certified Autism Center designation at Aquatica Orlando and Sesame Place Philadelphia.
• Provided complimentary distance learning resources for students, teachers, and parents.
• Management and supervisory team is approximately 46% female and 32% from underrepresented communities. Overall workforce is 50% women and 51% from underrepresented communities.

Governance Achievements

• Established a process to evaluate adherence to policies and procedures related to Board engagement with management.
• Formed a committee to execute a remediation plan for a previously identified material weakness in internal control over financial reporting.

Climate Goals & Targets

Environmental Challenges

• Higher interest rates and supply chain disruptions impacting ride and in-park facility availability.
• Turnover and hiring challenges for some positions and/or markets due to the labor market and challenging operating environment.
• Adverse weather significantly impacting attendance in 2023.

Mitigation Strategies

• Completed an opportunistic repricing amendment for existing first lien term loan facility to improve capital structure.
• Implemented structural cost savings initiatives.
• Continued efforts to identify cost reductions and efficiency opportunities, including technology initiatives.
• Implemented hurricane preparedness plan to manage exposure to weather events.

Supply Chain Management

Responsible Procurement

• Established a Responsible Food Sourcing Policy; sourcing seafood from organizations promoting environmentally responsible fishing practices; purchasing cage-free eggs; committed to purchasing commodity pork cuts from suppliers committed to humane farming practices.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather, natural disasters

Awards & Recognition

• Numerous awards and recognition for theme parks and attractions (detailed in the report)

Environmental Metrics

ESG Focus Areas

• Sustainability
• Clean Energy

Environmental Achievements

• Introduced Raytec OpportunitY, which integrates AI, 4IR & sustainability in a 360-degree vision machine for fresh produce sorting.
• Unveiled the IWK CH 4 Cartoner, which can produce up to 120 cartons per minute while reducing energy consumption by 21%.

Social Achievements

• Employee turnover rate was down.
• 985 Bootcamp attendees and 72 Kaizen events demonstrating employee engagement and continuous improvement.

Governance Achievements

• NYSE listing signifying a key point in growth and improved liquidity.

Climate Goals & Targets

Environmental Challenges

• Challenges in the electric vehicle industry faced by OEMs.
• Inflationary pressures affecting consumer spending.
• Supply chain volatility and prolonged cost increases.

Mitigation Strategies

• Transportation business successfully navigated the dynamic EV market.
• Continued focus on energy-efficient solutions.
• Mitigated supply chain volatility through improved lead times and flexible resourcing.

Supply Chain Management

Climate-Related Risks & Opportunities

Opportunities

• Opportunities in grid battery storage, EV, nuclear, and consumer goods packaging to meet customer sustainability standards and goals.

Sustainable Products & Innovation

• Raytec OpportunitY
• IWK CH 4 Cartoner