About
Pan American Silver provides enhanced exposure to silver through large silver reserves and catalysts to grow silver production.
Our Approach & Performance
Pan American strives to continuously improve its sustainability performance by implementing industry best practices and setting new goals to improve performance and manage risk.
Our ESG values include caring for the environment in which we operate; contributing to the long-term development of our host communities; ensuring safe and secure workplaces for our employees; contributing to the welfare of our employees, local communities, and governments; and, operating transparently.
ESG performance and reporting have long been at the core of our approach to long-term sustainability. We have been producing sustainability reports for over 10 years. These reports detail our management approach and performance with respect to material sustainability issues within the context of our overall sustainability and business strategies.
(1) The 2023 base case is our projected 2023 water use, energy use, GHG emissions, and waste generation, as calculated using our life of mine plans adjusted for annual production guidance. The 2023 base case excludes the Acquired Mines.
Environment
We are dedicated to managing all our operations and our exploration and development activities in an environmentally responsible manner.
Social
We operate mines across the Americas in host communities with different cultures, languages, and values.
Governance
We focus on conducting our activities ethically and transparently, and to apply industry best practices across all our operations.
Strengthening the Avocado Production Chain
Aligned with our objective of co-creating economic opportunities with our host communities, Pan American developed a project to increase Avocado production in the Condebamba Valley of the Cajamarca province.
150
producers trained in organizational and commercial skills for the avocado market
90
HA
planted with Hass avocado trees
40
HA
of modern irrigation systems installed
The main objective is to encourage a sustainable source of income for 500 local producers.
Pregnancy and Parental Leave at Timmins
We identified maternity and paternity benefits as a way of achieving our talent attraction and retention objective, in addition to being aligned with our inclusion and diversity objectives.
100
%
top-up benefits of pre-leave weekly base salary for 17 weeks pregnancy leave
80
%
top-up benefits of pre-leave weekly base salary for 8 weeks parental leave
In 2021, Timmins created its Pregnancy and Parental Leave Policy.
Public Works for Taxes
In Peru, Pan American is working with the government under a program aimed at encouraging private investment in public infrastructure projects.
Partnering with governments can be a powerful way of advancing projects to benefit local communities.
Guinea Pig Breeding Program
Pan American co-developed a guinea pig breeding project in the Condebamba Valley of the Cajabamba province, where our Shahuindo operation is located.
40
%
of financing for this project is provided by Pan American
200
producers is the goal by 2023
100
sheds is the goal by 2023
We are collaborating with local producers, providing 40% of the financing for the project.
Biodiversity Preservation at Escobal
Pan American’s biodiversity conservation plan for our Escobal operation in Guatemala has been successful in protecting wild cats.
Pan American Silver recognizes the importance of biodiversity to preserve ecosystems.
Our Commitment to the UN SDGs
In 2023, we aligned the objectives of eight prioritized SDGs with our 2024 Sustainability Goals, which will drive our performance and maximize positive impact in these areas.
Here you’ll find a few of these SDG highlights. To see all of our commitments to the UN SDGs, please click the link below.
Goal:
Ensure healthy lives and promote well-being for all at all ages.
Mining can contribute to SDG3 by championing occupational health and safety, offering and encouraging preventative care, mitigating the spread of disease, and increasing mental health awareness in our COI communities.
Learn more about how we’re working on SDG3 on our UN Sustainable Development Goals page.
Goal:
Achieve gender equality and empower all women and girls.
As a historically male-dominated industry, mining can contribute to this SDG by offering equal opportunities for women and practising gender inclusion across the business and project life cycle.
Learn more about how we’re working on SDG5 on our UN Sustainable Development Goals page.
Goal:
Ensure access to affordable, reliable, sustainable and modern energy for all.
Through improving energy efficiency and incorporating renewable energy, the mining industry can make a significant contribution to SDG7.
Learn more about how we’re working on SDG7 on our UN Sustainable Development Goals page.
Goal:
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.
The mining industry can contribute to SDG8 by providing well-paid direct and indirect jobs. In particular, mining can contribute to the economic outcomes of local communities by supporting and procuring from local suppliers.
Learn more about how we’re working on SDG8 on our UN Sustainable Development Goals page.
Goal:
Target urgent action to combat climate change and its impacts.
Mining companies can contribute to SDG13 by reducing emissions, building climate change resilience, and recognizing climate change in planning and investment.
Learn more about how we’re working on SDG13 on our UN Sustainable Development Goals page.
2023 Sustainability Report
Our 2023 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.
- 2023 Reporting Index May 23, 2024
- 2023 Sustainability Performance Data Book May 23, 2024