Public Profile

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.

30

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.

21

Industry Benchmark

Pan American Silver's score of 30 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.

83%

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Pan American Silver's reported carbon emissions

In 2023, Pan American Silver reported total greenhouse gas emissions of approximately 1,609,268,000 kg CO2e, comprising 309,406,000 kg CO2e from Scope 1, 121,240,000 kg CO2e from Scope 2, and a significant 1,256,224,000 kg CO2e from Scope 3 emissions. This reflects a comprehensive approach to emissions reporting, covering all three scopes. The company has set ambitious climate commitments, aiming to reduce its global Scope 1 and Scope 2 GHG emissions by at least 30% by 2030, using 2019 as a baseline. This target is supported by initiatives that include a 20% to 25% reduction through portfolio optimisation and transitioning to lower emission intensity operations, alongside a 5% to 10% reduction by shifting energy supply to renewable sources where feasible. In 2022, Pan American Silver's emissions were approximately 1,113,428,000 kg CO2e, indicating a trend towards increased emissions over the years, 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 company has consistently disclosed its emissions data, demonstrating transparency and accountability in its climate strategy. Overall, Pan American Silver is actively working towards significant emissions reductions while addressing the challenges of its operational footprint in the mining sector.

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2017201820192020202120222023
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

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Pan American Silver's primary industry is Chemical and fertilizer minerals, salt and other mining and quarrying products n.e.c., which is low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Pan American Silver is in CA, which has a low grid carbon intensity relative to other regions.

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 participating in any of the initiatives that 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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