Sustainability Governance and Managaement
Board of Directors
Good governance requires strong leadership to ensure that the values and vision of the corporation are integrated into everyday operations and business decisions. Our Board of Directors (the Board) oversees the direction and strategy of the business and the affairs of Pan American Silver, guided by legislative and other governance standards, stock exchange rules, and industry best practices. The Board has overall responsibility for corporate governance matters through:
- Developing and approving corporate policies and guidelines
- Assisting in the definition of corporate objectives and assessing key plans
- Evaluating our performance on a regular basis
- Ensuring that Pan American Silver is led by qualified executives and senior managers
For additional details on our Board mandate, members, committees, policies, and processes, please refer to Pan American Silver’s most recent management information circular and the corporate governance section on our website.
Sustainability Management and Integration
Our sustainability management system provides us with a consistent approach to operating in an ethical and responsible manner in compliance with applicable laws and best practices. Our management system is designed to consider the external factors that affect our industry, including market uncertainties and increasingly complex economic, environmental and social issues. We do not control these external factors but have developed an approach to help us navigate risk and deliver value to COIs.
Sustainable Development Goals
Launched in 2015, the United Nations’ 17 Sustainable Development Goals (SDGs) collectively created the 2030 Agenda for Sustainable Development (2030 Agenda), to transform the world by overcoming barriers to economic, social, and environmental progress by 2030.
The mining industry has enormous potential to drive future progress on the SDGs, as mines are often situated in remote and under-developed regions where achievement of the SDGs can have large and lasting positive impacts. Pan American Silver is committed to contributing to the achievement of the SDGs and the 2030 Agenda. Our programs in support of the SDGs are described throughout the report. Click here to see a full list of the goals and Pan American’s contributions.
Sustainability Management Implementation System
Sustainability Implementation Strategy
We use a modified plan-do-check-act cycle to ensure our programs and initiatives align with our vision and values, mitigate our impacts, and contribute to long-term sustainability in our communities. Our sustainability pillars constitute the primary focus areas for our sustainability programs and initiatives. The sustainability pillars are Community Investment and Social Development, Human Rights, Health and Safety, Employee Attraction and Retention, Water, Air Emissions and Energy, Business Ethics, Biodiversity and Mine Closure, and Tailings and Waste.
Sustainability Governance Structure
Sustainability is embedded in our vision, values, and business strategy. Governance and oversight of sustainability at Pan American Silver starts at the Board level and cascades to our sites. The chart below shows the roles directly responsible or accountable for our sustainability performance.