Our materiality assessment helps us define and analyze the impacts of our business on COIs and enables us to more effectively manage issues as well as identify goals and priorities for our sustainability planning and implementation strategy.
Our approach to managing material topics is through the sustainability management implementation system, which connects to our core business strategy.
We define material topics as those of high importance to COIs as well as our most significant sustainability impacts and opportunities to contribute to sustainable development where we operate. While material topics may have impacts on COIs internally, externally or in the value chain, the reporting boundary for each identified topic is limited to our operations and local communities.
Our process to identify material topics is informed by the GRI’s Reporting Principles for defining report content.
Topics are considered material for reporting if their combined score of significance to stakeholders and significance of impact is greater than 10. In assessing impact, we considered stakeholder expectations, importance to the mining industry, as well as Pan American Silver’s business priorities, management systems, and our ability to influence each topic. This means that in certain cases, we report on topics which, although not priorities for our COIs, are relevant to our industry. For ease of reporting, we have included topics with high materiality scores as sub topics and have amalgamated material topics into 10 high-level topics.
|Business ethics and anti-corruption||Tax transparency||Ensuring good corporate governance through ethical business practices|
|Impacts on local communities||Managing environmental impact|
Managing social impacts
|Managing actual and potential impacts on local communities|
|Community investment and sustainable development||Economic impact|
Local hiring and procurement
Socio-economic development programs
|Contributing to the social and economic |
well-being of local communities
|Human rights||Training of security personnel||Respecting human rights and managing our potential impact on rights holders|
|Health and safety||Emergency management||Protecting the health, safety and well-being of our employees and contractors|
|Employee attraction, retention, and development||Employment conditions and benefits|
Employee and contractor training and development
Inclusion and diversity and equal opportunity
Non-discrimination and pay equity
|Creating the conditions to attract, retain and develop a talented workforce|
|Managing the impacts of our activities on water availability and optimizing our water use|
|Air emissions and energy||Air and greenhouse gas emissions management|
|Reducing our energy consumption and greenhouse gas emissions|
|Biodiversity and mine closure||Biodiversity management|
|Planning and management of mine closure to minimize negative impacts on the environment, including biodiversity|
|Tailings and waste management||Tailings storage facility management|
|Managing tailings storage facilities and waste disposal|