Pan American Silver
Pan American Silver Corp., commonly referred to as Pan American Silver, is a leading silver mining company headquartered in Canada. Established in 1994, the company has grown to become one of the largest silver producers in the world, with significant operations across North and South America, including countries like Mexico, Peru, and Argentina. Specialising in the exploration, extraction, and production of silver and other precious metals, Pan American Silver is renowned for its commitment to sustainable mining practices and community engagement. The company’s core products include high-quality silver, gold, and base metals, distinguished by their environmentally responsible production methods. With a strong market position, Pan American Silver has achieved notable milestones, including the acquisition of several key mining assets, which have bolstered its production capacity and operational efficiency. The company continues to be a prominent player in the mining industry, recognised for its innovative approaches and dedication to sustainability.
DitchCarbon Score
How does Pan American Silver's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Salt and Mineral Mining industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Pan American Silver's score of 25 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Pan American Silver's reported carbon emissions
In 2023, Pan American Silver reported total carbon emissions of approximately 1,556,000,000 kg CO2e, comprising 309,406,000 kg CO2e from Scope 1, 121,240,000 kg CO2e from Scope 2, and 1,256,224,000 kg CO2e from Scope 3 emissions. This marks a significant increase in emissions compared to previous years, reflecting the company's growing operations and revenue, which reached about USD 2.32 billion. In 2022, the company emitted approximately 1,414,000,000 kg CO2e, with Scope 1 emissions at 274,298,000 kg CO2e, Scope 2 at 77,133,000 kg CO2e, and Scope 3 at 768,897,000 kg CO2e. The trend indicates a need for enhanced climate commitments and reduction strategies. Pan American Silver has not disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. However, the company has reported a GHG emissions intensity of 10.0 kg CO2e per tonne of ore processed in 2023, which suggests ongoing efforts to improve operational efficiency and reduce emissions intensity. Overall, while Pan American Silver's emissions have increased, the company continues to monitor and report its carbon footprint, indicating a commitment to transparency in its environmental impact. Further details on future reduction strategies would be beneficial for stakeholders and the broader industry context.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 179,842,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 113,971,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 000,000,000 |
| Scope 3 | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Pan American Silver is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
