Materiality

Materiality

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.

Material Topics

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.

Material TopicsSub-TopicsDefinition
Responsible Business
Business ethics and anti-corruptionTax transparencyEnsuring good corporate governance through ethical business practices
Community
Impacts on local communitiesManaging environmental impact
Managing social impacts
Managing actual and potential impacts on local communities
Community investment and sustainable developmentEconomic impact
Infrastructure investment
Local hiring and procurement
Socio-economic development programs
Contributing to the social and economic
well-being of local communities
Human rightsTraining of security personnelRespecting human rights and managing our potential impact on rights holders
People
Health and safetyEmergency managementProtecting the health, safety and well-being of our employees and contractors
Employee attraction, retention, and developmentEmployment conditions and benefits
Employee and contractor training and development
Inclusion and diversity and equal opportunity
Labour relations
Non-discrimination and pay equity
Creating the conditions to attract, retain and develop a talented workforce
Environment
WaterWater quality
Water use
Managing the impacts of our activities on water availability and optimizing our water use
Air emissions and energyAir and greenhouse gas emissions management
Energy use
Reducing our energy consumption and greenhouse gas emissions
Biodiversity and mine closureBiodiversity management
Mine closure
Planning and management of mine closure to minimize negative impacts on the environment, including biodiversity
Tailings and waste managementTailings storage facility management
Waste management
Spills
Managing tailings storage facilities and waste disposal