Our Strategy & Approach

Climate change poses a range of physical and transition risks which could affect our operations, surrounding communities, ecosystems, and the regions in which we operate. We continue to assess these risks and opportunities as part of our commitment to reducing greenhouse gas (GHG) emissions by 30% by 2030, based on our 2019 baseline emission projections. Enhancing energy efficiency and lowering our carbon footprint supports environmental stewardship, benefits local communities, mitigates operational risks, and helps optimize costs while preparing our business for future uncertainty. The path ahead includes significant challenges, from regulatory
variability and transition costs to physical climate risks, stakeholder expectations, and technological and infrastructure gaps. We remain committed to navigating these complexities by pursuing innovative and practical solutions that strengthen our resilience and support long-term, sustainable performance.

Our Climate, Energy and Greenhouse Gas Emissions Report, available in the Appendix of the Sustainability Report, incorporates the Task Force on Climate-related Financial Disclosures (TCFD) reporting recommendations and details our Climate Change Policy Statement, governance, climate change strategy, climate risks and opportunities, initiatives, and performance metrics and targets

https://panamericansilver.com/wp-content/uploads/2026/05/PAS-Sustainability-Report-2025.pdf#page=83

2025 Sustainability Report

Our 2025 Sustainability Report was pre­­pared in accordance with Global Reporting Initiative (GRI) Standards and the Sustainability Accounting Standards Board (SASB) Standard. It also contains information in consideration of the Task Force on Climate Related Financial Disclosures (TCFD) reporting framework.