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 20 is lower 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 1,309,000,000 kg CO2e, comprising 309,406,000 kg CO2e from Scope 1, 121,240,000 kg CO2e from Scope 2, and about 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 approximately USD 2.36 billion. In 2022, the company emitted around 1,096,000,000 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 shows a gradual increase in emissions over the years, with 2021 emissions recorded at approximately 1,088,000,000 kg CO2e. Despite the rising emissions, Pan American Silver has not publicly disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented reduction commitments suggests a need for enhanced climate strategies within the organisation. The company has reported GHG emissions intensities, indicating a focus on monitoring emissions relative to production, but lacks formalised targets under frameworks such as the Science Based Targets initiative (SBTi). Overall, while Pan American Silver is actively tracking its emissions, the lack of clear reduction targets highlights an opportunity for the company to strengthen its climate commitments in alignment with industry standards.
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Add to project| 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.
