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.
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.
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.
Pan American Silver's score of 51 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2024, Pan American Silver reported total greenhouse gas emissions of approximately 1,294,022,000 kg CO2e, comprising 294,022,000 kg CO2e from Scope 1, 111,270,000 kg CO2e from Scope 2, and 1,179,378,000 kg CO2e from Scope 3 emissions. This marked a slight decrease from 2023, where total emissions were about 1,306,184,000 kg CO2e, with Scope 1 emissions at 309,318,000 kg CO2e, Scope 2 at 121,241,000 kg CO2e, and Scope 3 at 1,256,224,000 kg CO2e. Pan American Silver has set ambitious climate commitments, aiming to reduce its global Scope 1 and Scope 2 GHG emissions by at least 30% by 2030, using a 2019 baseline. This reduction will be achieved through initiatives such as optimising their portfolio and transitioning to lower emission intensity operations, alongside a shift to renewable energy sources where feasible. The company is currently on track to meet its near-term targets for Scope 2 emissions, while progress for Scope 1 remains to be confirmed. The company’s emissions data is not cascaded from any parent organisation, ensuring that the reported figures are solely reflective of Pan American Silver's operations.
Access structured emissions data, company-specific emission factors, and source documents
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 179,842,000 | 000,000,000 | 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 | 00,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 |
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Pan American Silver has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
