About this Report


Our COI survey forms the basis of our materiality assessment. It helps us define and analyze the impacts of our business on COIs. By listening, we learn about the issues COIs see as important, which enables us to adjust the way we work to more effectively manage these issues. It also allows us to align our goals and priorities with those of our COIs. This process both strengthens our relationships with COIs and makes us a better company. Other factors considered in our materiality assessment include global trends, significance of a topic to the mining industry, Pan American Silver’s business priorities, and our ability to influence the topic. 

For reporting purposes, the topics covered in this report include Pan American Silver’s most significant environmental and social impacts and topics of high importance to our COIs. We consider these topics to be material.

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 approach to managing material topics is through the sustainability management implementation system and framework, which is connected to our core business strategy.

Materiality Process

2019 Material Topics

We have amalgamated material topics into 11 high-level topics. The subtopics listed include the 10 most important topics to our COIs and the topics most relevant to our industry.  For ease of reference, we have included the GRI indicator associated with the topic or subtopic.

Material TopicsSub-TopicsAssociated GRI indicator
Responsible Business
Business ethics and anti-corruptionTax transparency205-1 Operations assessed for risks related to corruption
205-3 Confirmed incidents of corruption and actions taken
Impacts on local communitiesManaging environmental impacts
Managing social impacts
Response mechanisms
MM6 Numbers and description of significant disputes relating to land use, customary rights of local communities, and indigenous people 
MM7 The extent to which grievance
mechanisms were used to resolve
disputes relating to land use, customary rights of local communities and Indigenous Peoples, and the outcomes
Community investment and sustainable developmentEconomic impact
Local hiring and procurement
Socio-economic development 
201-1 Direct economic value generated and distributed 
203-1 Infrastructure investments and services supported 
203-2 Significant indirect economic impacts 
204-1 Proportion of spending on local suppliers 
413-1 Operations with local community engagement, impact assessments, and development programs 
413-2 Operations with significant actual and potential negative impacts on local communities
communities and indigenous people
Human rightsSecurity personnel407-1 Operations and suppliers in which the right to freedom of association and collective bargaining may be at risk
408-1 Operations and suppliers at significant risk for incidents of child labour risk
409-1 Operations and suppliers at significant risk for incidents of forced or compulsory labour
410-1 Security personnel trained in human rights policies
411-1 Incidents of violations involving rights of indigenous people
MM5 Total numbers of operations taking place in or adjacent to indigenous people’s territories and formal agreements made
MM8 Number (and percentage) of
company operating sites where artisanal and small-scale mining (ASM) takes place on, or adjacent to, the site; the associated risks and the actions taken to manage and mitigate these risks
MM9 Resettlement
Health and safetySafety performance403-2 Types of injury and rates of injury, occupational diseases, lost days, and absenteeism, and number of work-related fatalities
Emergency preparedness and business continuityN/AN/A
Employee attraction, retention, and developmentEmployment conditions and benefits
Inclusion and diversity 
Labour relations
Non-discrimination and pay equity 
Training and development
202-2 Proportion of senior management hired from the local community
410-1 New employee hires and employee turnover
404-1 Average hours of training per year per employee
405-1 Diversity of governance bodies and employees
405-2 Ratio of basic salary and remuneration of women to men
406- 1 Incidents of discrimination and corrective actions taken
MM4 Number of strikes or lockouts exceeding one week’s duration
WaterWater quality

Water use
303-3 Water withdrawal
303-4 Water discharge
Climate,  energy, and greenhouse gas emissions Climate change
Energy use 
Greenhouse gas emissions 
302-1 Energy consumption within the organization 
305-1 Direct Greenhouse Gas (Scope 1) GHG emissions 
305-2 Energy indirect (Scope 2) GHG emissions
305-3 Other indirect (Scope 3) GHG emissions
305-4 GHG emissions intensity
Biodiversity and mine closureBiodiversity management

Mine closure
304-1 Operational sites owned, leased, managed in, or adjacent to, protected areas and areas of high biodiversity value outside protected areas
304-2 Significant impacts of activities, products, and services on biodiversity
304-3 Habitats protected or restored 
MM1 Amount of land disturbed or rehabilitated
MM2 Total sites requiring biodiversity management plans
MM10 Number and percentage of operations with closure plans
Tailings and waste managementTailings facility management 
Waste rock dumps and heap leach facilities
Industrial and domestic waste management
306-2 Waste by type and disposal method
306-3 Significant spills
MM3 Total amounts of over burden, rock, tailings, and sludges

By listening, we learn about the issues they see as important, which enables us to adjust the way we work to more effectively manage these issues.